F cashback forexding and trading long-term price movements Eastforexcashback a constant goal for Forex trend traders However, even after confirming a long-term trend, traders often find it difficult to establish their entry points As the chart below shows, EUR/GBP has gained 413 basis points in the last 3 months So how should traders determine their entry points? In this article, we will analyze the entry point for long term trading in EUR/GBP by using the East forex cashback of cashbackforexbtc indicator In the forex market, the rate of change indicator is very effective in establishing entry points As an oscillator, the rate of change indicator will show the price change of a pair of currencies over a certain period of time compared to the zero line If it is above the zero line, then the current rate is higher than the rate at the beginning of the period; if it is below the zero line, then the current rate is lower than the rate at the beginning of the period It is important to note that the rate of change indicator, like the homeopathic indicator, has no upper or lower limit, which means that a rate of change indicator that is higher than the zero line means that the current rate is higher than the rate at the beginning of the period When using the rate of change indicator, it is important to take the current trend into account The chart below shows the uptrend in the daily chart of EUR/GBP, as the As the exchange rate makes a series of higher highs and lows, traders may be inclined to go long on EUR/GBP and this is where the rate of change indicator comes into play. When the rate of change indicator returns above the zero line, it means that EUR/GBP will return to an uptrend. Traders can use the rate of change indicator to signal their entry by setting their stops below the trend line or at other reasonable levels, while using a favorable risk-reward ratio for risk management For the rate of change indicator, I usually tend to buy when the indicator intersects the zero line meaning that in this case I will enter the long position when EUR/GBP reaches around 0.8030 and set the stop below 0.8000 with an initial upside target of 0.8090 (at least 60 pips from the entry price) with a risk-reward ratio of 1:2