Th East forex cashback article expla cashbackforexbtcs how to use multiple time frame analysis to position Forex setups in swing tradingThe chart setup approach provides low risk, high reward chart trading setups in the direction of the main Eastforexcashback.The chart setup approach works on all 28 of our currency cashback forexs What is Forex chart setups Forex setups for swing trading are, when a currency pair is in An uptrend, followed by a strong run in the opposite direction of the trend over the next few days, allowing traders to buy at lower prices while still trading in the direction of the trend is similar to when a pair is in a downtrend forexcashbackcalculator the pair runs strongly in the opposite direction of the trend over a few days, allowing traders to sell at higher prices while still trading in the direction of the trend Both scenarios Both are charted forex setups as these currency pairs are setting to return to trend When charts are set in this manner, traders can better quote into trades while still trading in the direction of the trend This course is not too difficult to understand, but is very valuable, effective in trending markets, and widely used in trading other asset classes and markets, including stocks, the Indices and commodities To identify major trends and forex setups on smaller time frames, traders need a range of trend indicators traders can use our free multi time frame analysis forex trend indicators to set them up on their trading platforms Forex trading setups for uptrends Find a currency pair that is in a very strong medium to long term uptrend, but has A currency pair that is down for a few daysWhen a currency pair is down in a major uptrend, it is set up for trading in the direction of a returning trendWe call this a forex setup, trade setup, or swing trade setup look at the following example: For example, if a currency pair is in an uptrend on the daily chart and then goes up or down on the 30-minute time frame, then You can enter the trade when the 30-minute time frame returns to the uptrend. Second example, if a currency pair is in an uptrend on the weekly time frame and then goes down on the 4-hour time frame, then you can enter the trade when the 4-hour time frame reverses back to the uptrend When the pair goes down and then returns to the uptrend, the reversal point support level is called the relative low and your initial stop should be at its Below  traders can intercept this reversal point and the subsequent run back to trend in several ways one way is to set up a forex price alert with an alert tone so as to monitor the currency pair, another way is to monitor the live trade entry tool traders can also monitor the forex news calendar for example: if the NZDUSD is in an uptrend but there is a decline, forming Relative lows, you can check the global economic news calendar for NZD or USD news drivers, after which, if the NZD strengthens or the USD weakens, you can buy the NZDUSD as it reverses back into trend The forex setup approach brings more confident entry points, better stop-loss settings, and perfect risk-reward ratiosIn the 28 currency pairs we monitor, this charting scenario occurs fairly This is a safe way to trade forex, especially in trending markets, and can tell you how well it is working if you go deeper into the trend on a higher time frame, the overall profit potential may be lower Downtrend forex setups Find a currency that is in a very strong medium to long term downtrend, but has a few days to rise A pair when a currency pair is in a major downtrend is set up for a trade in the direction of a return to the trend We call this a trade setup, or swing trade setup look at the following example: For example, if a currency pair is in a downtrend on the daily chart and then moves up on the 30-minute time frame, then you can return to the 30-minute time frame The second example, if a currency pair is in a downtrend on the weekly time frame and moves up on the 4-hour time frame, then you can enter the trade when the 4-hour time frame reverses back to a downtrend When the pair moves up and later returns to a downtrend, the reversal point support level is called the relative high on which your initial stop loss should be   Summary on Forex Setups Waiting for a currency pair to run in the opposite direction of the trend and trading at the relative low or high is a very safe trading system for all markets, including the Forex market In the 28 currency pairs we track, this approach is very effective In a trending market, if you miss the entry point into a strong trend, wait for a move opposite to the trend and you can still use Forex setups to trade safely following the trend on the same currency pairs, and at better quotes The risk-reward ratio of such trades is very high and very beneficial for traders