Triangles Trading Pattern Interpretation The easiest way to define triangles trading pattern is to think of them as horizontal trading patterns. The triangle trading pattern is at its widest point at the commencement of its development. The range of trading narrows as the market continues to trade sideways, and the point of the triangle is […]
Head and Shoulders Trading Pattern Interpretation Head and shoulders forex trading pattern is a chart formation with a baseline and three peaks. The outside two of which are comparable in height and the center peak being the highest. A head and shoulders pattern is a chart structure that suggests a bullish-to-bearish trend reversal in technical […]
Engulfing Pattern in Trading: A technical chart pattern called a bearish engulfing pattern alerts traders to impending price declines. Pattern consists of smaller up candle which is eclipsed or “engulfed” by a larger down candlestick (black or red). Line, OHLC, and area charts do not give as much information as candlestick charts. As a result, […]
Firstly, trading forex may be challenging at times, and picking forex trading brokers out of countless companies is harder. Also that cater to forex traders to choose from can make the job much tougher. We’ve compiled a list of some of the world’s most reputable brokers so you can streamline your strategy and accelerate your […]
What is Exotic Currency pairs? Firstly, Exotic currencies not commonly utilized in worldwide financial transactions or widely traded in foreign exchange markets. A lightly traded currency referred to as an exotic currency in foreign exchange. Exotic currencies are illiquid, have little market depth, are very volatile, and trade in small amounts. Trading an exotic currency […]
The ABCD Trading Pattern belongs to the well-known harmonic pattern family. Because some traders refer to the ABCD pattern as AB=CD, we’ll use the names interchangeably in this explanation. The ABCD Trading Pattern is the most basic harmonic pattern. One reason for this is because it has far less needs than the majority of other […]
