The Candlestick pattern in Forex trading is a method of reading a price chart. To read a candlestick pattern, we have 4 data points: open, high, low, and close. This patterns can be formed across different time frames. It means if you are on the one-hour time frame every candlestick pattern will be formed every
From this article, you will discover how to tell when support and resistance will break. So you don’t get caught on the wrong side of the move here is the thing: imagine, if you know that the support is about to give way about the breakdown what you will do is that you will stop
Today we will explore breakout trading as a trading methodology that seeks to buy when the price breaks out of a specific price structure. It could be a breakout of a swing high, a breakout of resistance, a break out of a range so as the price moves a certain amount in your favor and
What is pullback trading, and why does it work? Pullback trading in essence is what you’re trying to do is to buy the dips, buy the retracement by the correction in an existing trade. For example, if the Forex market is trending higher you are looking to buy the dip, the retracement. That is why
There are reasons why your winning rate in Forex market is so low and what you can do about it. 1. You don’t understand the natural behavior of the market. You should know that not all markets are created equal for example stock market, if you look through any long-term chart, for example, the U.S.
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