It's not a secret that one of the main rules of trading on financial markets is a rule of trend trading. And this has a profound meaning: with trend trading, the probability of making a profit increases significantly.
Thus, before the morning working session on April 2, a forecast for the mid-term upward trend for the pound sterling had been given:
"The medium-term trend remains bullish and two reference points can be defined on the graph- a wave В at the wave level Daily and a wave В at the wave level H4"
However, by the beginning of the trading session, the market had changed its direction from ascending to descending. What should we do in such a situation? Miss work? Experienced traders of the departament of online learning Trading System Masterforex-V, having the tools which alow to see incipient market change at the early stages, such as pivots MF, sloping channel MF, decided to continue the trading against the intermediate-term trend and put 100 points per a trading day into a moneybox :
