One of the key benefits of forex trading is the opportunity it offers traders in both bull and bear markets. This is because forex trading is always done in pairs, when one currency is weakening the other is strengthening thereby allowing you to take advantage of rising and falling markets. Long, Short, Bullish and Bearish Every trader should understand these terms since they're used frequently in financial news, trading articles and in the papers. Long, short, bullish and bearish are terms used in all markets and on all time frames, regardless of whether you're day trading or investing, or trading soybeans or currencies.
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The low of a bullish engulfing pattern can also be used as an area of price support in an uptrend. A new push of upward movement in this position on the chart, reflects new buyers overtaking the previous strength of the sellers.
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