Whenever there is a reduction in the value of your stock, you might wonder whether it is long-term or a blip in the market. Several people even sell the stock in such cases. But, only a few days later, it reaches new highs. It is a popular and annoying type of situation. I believe it […]
Are retracements different than reversals? Read More »
Indicators assist in forecasting how the market is doing and potential price adjustments in the future. There have been several forex market indicators over the years. However, the Supertrend indicator is one of the most well-known indicators in today’s forex market. Supertrend Indicator Traders use indicators to determine whether to enter or exit a trade
How to use the Super Trend indicator for Forex? Read More »
There are so many chart patterns. One of these is the cup with a handle pattern. Although relatively lesser well known, this is highly effective. Its reliability is 65% and 68% on forex and stock, respectively. It is not only effective for short-term traders but also position traders, swing traders, or active investors. The cup
Is the Cup and Handle Pattern Worth a Try? Read More »
The yen fell to a seven-year low on Monday as the Bank of Japan defied global monetary policy tightening, raising doubts that the central bank could interfere to support the currency for the first time since 1998. USD/JPY gains The yen fell more than 2% versus the dollar to 125, encouraging traders to predict additional
Yen hit a seven-year-old low; what lies ahead? Read More »
The hammer candlestick pattern is common in the forex market and can reveal vital information about trend reversals. Traders must realize that the hammer candle is about more than just seeing it on a chart. When considered inside the existing trend, price movement and the position of the hammer candle are both critical confirming criteria
How to trade the hammer pattern for forex day trading? Read More »
A flag pattern is. In fact, in the shape of a candlestick. It is a popular trading pattern that depicts the continuation of an underlying trend. This pattern gives us insight despite a big move already occurring. A flag pattern is formed after a sharp move and has a rectangular “consolidation” that gives it the
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The inside bar pattern is another formation, a type of candlestick pattern. This is essentially a two-bar candlestick pattern. When a particular bar has a high and a low that is completely contained by the preceding bar, we can conclude that it is an inside bar. We will begin by describing a little more about
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What are NFTs? Are NFTs worth investing in? What is the future of NFTs? Millions of NFTs are for sale, and hundreds of new projects appear daily. So how can you cut through the clutter when finding prospective NFT businesses to watch and maybe invest in? You may not want to use NFTs if your
Top 5 NFT Ideas to Follow and Invest Read More »
A pullback is mainly found when there is an up-trend. It is because forex pairs need to rest during a rise. The same pattern also holds for downward trends, i.e., a short pullback occurs when there is a sharp decline. The pullbacks provide an excellent pathway to enter the market, expecting the ongoing trend to
How to Set a Target in a Pullback Strategy? Read More »
To be successful in trading, you must know how to interpret patterns. This is a very interesting subject, and GM Hartley is a familiar name in this regard. He wrote a book named “Profits in the Stock Market” in 1935 on these patterns. Even today, they are of much use in the forex market. There
Are butterfly patterns reliable? Read More »
