Quote:
Originally Posted by pippy123
Thx, all that helps. I need to understand some of this less important stuff too. It helps.
Something else though…just to make sure I have this right….
Let's say you’re looking at at chart for EUR/USD:
If you buy the USD….and you’re watching the chart…you want the trend line or the direction of the line/bars to go downward-not upwards??
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If you are trading EUR/USD pair you cannot buy USD. You are always buying or long the base currency ---you want the bars/candles to go up.
Same thing when you sell. You are selling or shorting the base currency --and you want the bars/candles to go downward. Think base currency.