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| | | | DailyFX Delivered To You: DailyFX For Beginners Article Thank you for signing up for DailyFX research. Please see below for today's DailyFX For Beginners article: - USDCHF Consolidation Benefits Triangle Traders
The USDCHF has been consolidating in a 664 pip range forming a symmetrical tirangle. As the triangle patttern narrows, traders prepare for fresh breakout entries. - How to Place an Effective Stop
Have you ever been stopped out of a trade quickly only to have the pair reverse and move in the original direction of your trade? In order to lessen the likelihood of that happening, we must think in terms of effective stop placement. This article will focus on steps a trader can take to place their stops based on the price action as seen on the charts. Visit the DailyFX forum to ask our DailyFX analysts questions, share your thoughts on this article, or talk with other traders. Want more news? Sign up for additional newsletters. Have questions or comments about this article? You can contact our research team at research@dailyfx.com Best regards, DailyFX
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