Thats long term trading. Second, they set the stop loss at the highs. Long term Forex signals derive from such patterns. Therefore, when traders hold a position overnight, they pay or receive a swap.
A long (or long position ) is the buying of a security such as a stock, commodity or currency with the expectation that the asset will rise in value.
In the context of options, long is the buying of an options contract.
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Or, less than an hour. Recently, it formed a contracting triangle. While theres no recipe for what makes a position trading trader, here are some core position trading skills: Contrarian thinking. And, scalping the market differs from position trading. A rising wedge formed.