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purpurato59
Sep 21, 2016 9:55 PM

As simple as that Long

British Pound/U.S. DollarFXCM

Description

We just tested a support that started with brexit and continued with last low, and ever since we have been doing monthly higher highs and higher lows as described by the Donchian channels. Additional to that, last two dailies made a double bottom and DXY today showed clear new trend.
This idea is as simple as it can be and is the very same definition of an uptrend market.
Comments
MindTrader
JonathanMcBrine
Can you recommend a good book about donchian channels, something that is up to date with current market strategies?
purpurato59
@JonathanMcBrine, Not really, but I think it's quite simple and what you find on the internet should suffice.
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