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Forex Glossary

The Industry's Most Important Terms Explained

The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!


Non-Failure Swing

A reversal pattern. During the course of an uptrend as defined by successively higher tops and higher bottoms, the last bottom is violated thus prices fall below the last bottom signaling a reversal to the downside. This is a non-failure swing to go short. On the other hand, in the course of a downtrend, as defined by successively lower tops and lower bottoms, the last top is breached thus prices rally above the last top signaling a reversal to the upside.  This is a non-failure swing to go long.

Category: Technical Analysis

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