Educational articles about the basics of technical analysis. Charts, chart types, candlestick basics, main candlestick reversal signals. Volume, moving averages, basic technical studies such as Stochastics, MACD, RSI, and Momentum will be explained with simplicity, and its parameters discussed.
The EUR-USD cross is an intriguing one. With a total of 9.6 million traders in the world, approximately 37% of all volume at the...
If you choose to trade while naked, that's entirely your business. Don't let us stop you! What we'll be talking about today, however, is...
When you study Forex trading you may have discovered the term, pivot points. This is a collection of supports and resistors that are previously...
Individuals eager to enter the world of trading usually feel perplexed when they start analyzing the charts, not fully understanding the movement of prices...
Price gaps are not something that many traders want to see, they do not happen every single day but they are a pretty easy...
Having the ability to look at multiple different timeframes at the same time is a blessing, but it can unfortunately also be a curse....
In today’s example, we are going to demonstrate an example of a fundamental character of support/resistance. We know the importance of support/resistance in trading. Thus, if we get a clue about spotting support/resistance well ahead, it comes out handy. Let us find out whether it is possible or not.
Support/Resistance levels are one of the most important factors in trading. In today’s lesson, we are going to demonstrate an example of adjustment in determining the support/resistance level.
In today’s lesson, we are going to demonstrate an example of the Daily-H4 chart combination, which may end up producing a trading signal. We find out soon whether it produces a trading signal or not in the end. Let us get started.
The Morning Star and the Evening Star
So far, the reversal formations we saw - the Piercing Pattern, the Dark Cloud Cover, and the Engulfing patterns, were strong reversal signals, showing that the bulls or bears had the control. The Harami is usually a less powerful signal.
After our last articles on candlestick reversal patterns, test your kowledge.
Candlestick Reversal patterns: An Overview
In today’s lesson, we are going to demonstrate an event to find out what the price may do around the big round number. A big round number plays a significant role as far as traders’ psychology is concerned. The price usually gets volatile around a big round number. It may get tough for the traders to find out entries around the big round number. Let us now dig into USDCHF recent activities around the big round number 1.00000.
The Double Bottom is a pattern, where the buyers eagerly wait to get a bullish reversal candle at. Typically, a Bullish Engulfing Candle, a Bullish Pin Bar, a Bullish Truck
In our previous article, we have seen the mainstream chart types, out of which the candlestick charts are the most prevalent in the current markets. But traders devised other ways
Why Technical Analysis? The expression "technical analysis" originated from the belief that price action is all that is required to make sound trading decisions. Fundamental analysts believe that fundamental or
Most traders use a horizontal line on their trading chart to mark support/resistance levels. Support and Resistance lines are the most basic trading tools, which traders use to make a
In this article, we are going to demonstrate how a Morning Star offered us an entry. We know Morning Star is a strong bullish reversal candle, which is a combination
In Part 2, we learned how important a breakout is for taking an entry. Even the strongest reversal candle itself is not enough to create a new trend. In this
Candlestick Patterns are widely used by traders to take entries and making money out of trading. We have come to know from Part 1 that relying on a candlestick formation
Candlesticks are considered one of the strongest components to take an entry. However, this is not the only thing that a trader shall consider before taking an entry. An Engulfing
The Morning Star is a bullish reversal pattern that occurs at the bottom of a downtrend. A Morning Star is a combination of three candlesticks: The first candle shows the
People coming to the Forex markets usually learned new vocabulary. The first special words they learn maybe are, margin, profit, risk-reward, and candlestick. Perhaps, afterward, they learn new concepts such
In this article, we are going to get acquainted with some of the Bullish Candlesticks that the financial markets produce. Let’s get started. Bullish Trackrail Bullish Trackrail candlestick indicates
Candlesticks are great because it makes trends visual at first glance. But most candlestick users stay just with that trait and don't go more in-depth. Of course, everybody knows some
With the advancement of technology, retail trading in the financial markets has become popular among investors. Since unnumbered traders from all over the world invest in the financial markets, they
A candlestick is a type of price that financial markets’ charts use to display the high, low, opening, and closing prices for a particular period. It is the most commonly