With fundamental releases being the order of the day, the Forex market is ever moving and occasionally taking dives and dips and mostly important forming trends. A trend can be defined as the tendency of an object to extend, incline,…Continue Reading →
Key Support and Resistance levels are simply regions where the prices on the chart have found it difficult to fall below or above, and often rejected any attacks to break those levels. Because of these reactions, they refer to key…Continue Reading →
The engulfing bar reversal pattern is one of the important candlestick patterns that traders can use to benefit from when trading the forex market. It is a candlestick reversal pattern that can be used to trade bullish and bearish reversal setups….Continue Reading →
Trading breakouts can prove to be extremely fruitful. As we all know a breakout occurs when the underlying price of a commodity or forex pair breaks its support or resistance levels. Such a scenario can occur during any market condition…Continue Reading →
Evolving or dynamic support and resistance is one topic that has been attracting many questions, especially from newer students. This article discusses what dynamic support or resistance represents and how you can use it in trading.
Every trader knows that Pin Bars are an excellent reversal pattern, strongly recommended when a correction within a primary trend is considered has formed and you are trading with trend. A Pin Bar certainly provides an important technical signal, but…Continue Reading →
Price action provides different reversal setups for traders across all markets. There are several price action reversal setups one can choose from. These include; Head and Shoulders Patterns; Pin Bar Reversals ; Engulfing Bar Reversals Outside Bar Reversals Piercing Patterns…Continue Reading →
The idea of Impulsive vs Corrective moves stem from one very useful concept of the Elliot wave principle. It was noticed that all market price moves are not equal in size and length and that they could be divided into…Continue Reading →