This section covers all educational articles on technical analysis. it is the root category for the different categories related to TA. We will cover everything needed to master technical analysis. Articles on Price action, Elliott Wave, harmonic, Technical Indicators will be covered and placed in its own category.
This analysis discusses AUDUSD's overall Elliott Structure, the likelihood of a short bounce in the AUDUSD, and its potential continuation.
The short-term overview for the GBPJPY pair reveals the sideways movement in a trading range bounded by its 90-day high and low range between levels of 133.040 and 142.714. The cross recently developed a rally that found resistance in the bullish sentiment zone resistance located on 140.296, where the GBPJPY presents a set of scenarios.
The CADJPY cross moved up in the Tuesday trading session, boosted by the stock market's risk-on sentiment. Although the cross advances 2.25% during the current month, the price is under -4% (YTD).
Several software categories could fit into this question, depending on if you are looking for a platform that connects to a broker market feedback,...
The US Dollar Index (DXY) advances in the extreme bearish sentiment zone finding an intraday support on Monday's trading session at 92.016. During this intraday bounce, the price jumped to the extreme bearish zone's resistance, where the price action started to consolidate. Even considering this intraday recovery, the Greenback accumulates losses of nearly 4.40% (YTD).
The NZDUSD pair ends the last trading week reaching its seventh fresh 90-day range high soaring to 0.69507. This advance brought the Oceanic currency to a close in the extreme bullish sentiment zone.
Most of the content about the technical analysis will try to give you a narrow view of how we approach this analysis. And there...
The GBPJPY cross continues moving by its seventh session in a row in a sideways channel turning in the neutral zone. However, since the last Thursday trading session, the price is consolidating in the bearish sentiment zone.
The Elliott Wave perspective of the NZDJPY pair reveals it is moving in an incomplete impulsive sequence that began on March 18th when the price found fresh buyers at 59.49.
These days, there are a lot of different ways that you can trade, two of the main ways that people trade include manual trading...
The NZDUSD pair continues consolidating in the extreme bullish sentiment zone, as is revealed on its 8-hour chart. The chart comprises its 90-day high and low range. Currently, the cross remains testing the psychological barrier at 0.6900.
Is GBPJPY Brewing a New Decline?
The EURCAD cross reveals a mid-term consolidation formation that looks like an incomplete triangle pattern. This pattern continues in development since March 18th, when the price topped at 1.59914. In this context, this chartist pattern suggests the continuation of the previous movement, in the
The EURJPY cross advances in a long-term consolidation structure, which began in early December 2016. The short-term Elliott wave view predicts a limited decline in the following trading sessions.
The USDCAD pair reveals a strong bearish movement that seems have found a short-term bottom. In this regard, the price could start a rally that could boost the price toward October's highs zone.
In forex trading, some indicators are a case study in making sure you're using the right tool for the right job and what can...
Do you trade using indicators? Still do not know this indicator created by Larry Williams? The Williams %R indicator, although less popular than others, is worth studying.
Forex and all other markets surge with volatility during the US elections. Many promote this event as an opportunity to earn quick money although, in the end, it is the promoter who wins in some way. Traders who have an understanding of how we approach uncontrollable risk coming out from election events know we choose to avoid rather than to bet. The plan we put in place for such occasions is adequate for those who follow our trading ways and systems, however, the tips we are about to present are for everyone. Traders should take these recommendations as they fit, they are just a part of one technical prop trader group researching an experience. One is certain, only when we have a plan or rulebook we also reduce the risk of completely busting our accounts during elections. In our case completely protected since such uncontrollable risk is avoided by simply not trading. We will tackle different markets where buy and hold strategies are applied and a plan for all major 8 currencies regarding elections or other significant events such as Brexit.
The EURUSD pair advances in an unfinished impulsive formation that raised the common currency from 1.06359 till 1.20114. The price action started to develop a corrective sequence, still progressing, corresponding to its fourth wave of Minor degree. Explore with us what should be the target of the fifth impulsive wave.
You may feel that you have explored every possible source on indicators, learned about the best ways to combine them, and actually even started...
In today’s lesson, we are going to demonstrate an example of an H4 breakout at the weekly low. The price consolidates after the breakout and produces a bearish reversal candle right at the breakout level. It is a matter of time for the sellers to go short and drives the price towards the South. Let us find out what actually happens.
Pullbacks we will talk about are described as a correction candle (or bar) after a bigger, sudden price movement candle (period) on any asset...
Have you ever considered how to use volatility in your trading? How to apply some filters according to their behavior? The ATR indicator can...
In today’s lesson, we are going to demonstrate an example of an H4 chart that seems promising to make a breakout at the last...
In today’s lesson, we will demonstrate an example of a chart that makes a breakout, consolidates, and produces a reversal candle. However, it does not make a breakout at consolidation support. Thus, it does not offer an entry. Nevertheless, it makes a move towards the breakout direction later. We try to find out whether breakout traders find an entry from that move or not.
In today’s lesson, we will demonstrate an example of an H4 chart that makes a breakout heading towards the North. However, the chart does not offer entry. We try to find out the reason behind it.
Forex charts often have price gaps. It usually occurs in minor time frames. However, it sometimes occurs in time frames such as the H1, H4, daily chart as well. Since price movement is the key factor determining its next move for the price action traders, thus price gap creates confusion in price action trading. Thus, it is best to skip taking entries on charts with a price gap. Let us demonstrate an example and find out the reason behind it.
Understanding statistics is one of the fundamental skills required for quantitative analysis. Today’s article discusses two basic concepts: Distribution and probability. The two concepts are closely related. The concept of probability provides support for mathematical calculations and distributions help us visualize what is happening with the data.
In this article, we summarize negotiation strategies for fundamental and technical analysis, telling you about the specific characteristics of cryptocurrency pairs in relation to...
Can sentiment indicators help us make good investment decisions? When is the best time to use them? In this article, we will see three...
In today’s lesson, we will demonstrate an example of a chart that makes a breakout at the weekly low, consolidates, and produces an excellent bearish engulfing candle. It looks like a good short entry for the sellers. However, things do not go as the sellers would love to see. We try to find out what may be the reason behind it.
In today’s lesson, we are going to demonstrate an example of a daily-H4 chart combination trading. We also find out how the price reacts to Fibonacci retracement levels and how Fibonacci levels may help us determine risk-reward. Let us start with the daily chart.
In today’s lesson, we are going to demonstrate an example of a chart that makes a good bullish move but ends up having a rejection at a double top resistance. The price then shows the potential to make a bullish breakout. However, it has another rejection around the last week’s high and makes a bearish breakout. It looks good for the sellers at the time. We find out what happens afterward.
When you’ve made up your mind to participate in trading, you should focus on conducting a comprehensive and in-depth study of how your trading...
In today’s lesson, we will demonstrate an example of a chart that makes a breakout at the last weekly low. The price then goes back within the last weekly range and makes an interesting move. We will find out what that interesting move is all about in a minute. Let us get started.
In today’s lesson, we will demonstrate an example of a chart where the price is having a retracement within the last weekly range. The price produces a double bottom and makes a breakout at the neckline. It then consolidates but does not head towards the North as it normally does when it makes a breakout at weekly high/low. Let us proceed and find out the possible reason behind it.
In today’s lesson, we are going to demonstrate an example of a breakout at a weekly high. The price consolidates afterward but fails to make a breakout at consolidation resistance. Thus, the price does not head towards the North. Let us find out how that happens and what lesson it holds for us.
Today in the Asian trading session, the AUD/JPY currency pair failed to keep its early-day bullish momentum and dropped well below the 76.00 level despite the upbeat market sentiment. However, the reason for the prevalent bearish sentiment around the currency pair could be associated with the RBA's announcement of no rate change, as well as, the RBA has a dovish view on the Australian economy, which could be considered as one of the key factors that undermine the Australian dollar and contributed to the currency pair losses. Across the pond, the currency pair declines were further bolstered after the US Secretary of State Mike Pompeo said Japan's Prime Minister (PM) Yoshihide Suga would strengthen the relationship with the US. Thus, the Japanese yen got impressed by the above comments, which adds further downside pressure around the AUD/JPY currency pair.
I always describe markets as a battlefield... And the evening star candle pattern (also called evening star or evening star) is absolutely related to...