Foreign exchange manager strategy:Short term | Falling | fair value of currency | Positions entering exiting
In short-term foreign exchange trading, when the general trend falls, always sensing and grasping the currency's fair value zone will provide a basis for closing positions for short-term strategies. When the three multiple moving averages 1X, 2X, 3X are intertwined together, it is the currency value fair zone, which is the short terms position opening area. After falling to near the recent low, when the three multiple moving averages 1X, 2X, 3X are intertwined, it is another fair currency value zone. This is the closing and profit taking area for short-term positions. This method is different from the long-term method. When the moving average is opened, 1X is the most appropriate fair value line, and 3X is the most deviated fair value line.
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