The moving average ribbon plots different moving averages and creates a ribbon-like structure. The spacing between the moving averages gauges the trend’s strength, and the price in relation to the ribbon can be used to identify key levels of support or resistance. Understanding moving average ribbon Moving average ribbons are typically made up of six […]
Moving Average Ribbon trading strategy Read More »
The abandoned baby candlestick pattern is a reversal pattern with three bars. It resembles the morning and evening star formations and denotes a reversal following a steep climb or fall. How can you identify the pattern? Abandoned baby consists of a bullish and bearish pattern. The bullish abandoned baby is a form of candlestick pattern
Abandoned Baby trading strategy Read More »
The Island pattern suggests a reversal of a current trend. The pattern has gaps on both sides, giving it the appearance of a divided region. That’s why it’s known as the Island. What is the Island Reversal pattern? The Island pattern can be seen on the chart because of its structure. Both sides of the
Island Reversal Pattern trading strategy Read More »
The three black crows candlestick pattern is a bearish reversal pattern that is considered quite effective. The three black crows’ signify a change of control from the bulls to the bears by three successive bearish candles after a bullish trend. How to find the three black crows pattern? Each candle in a three-black crows pattern
Three Black Crows trading strategy Read More »
An outside bar is a reversal and continuation trading method in which the current candle, high and low, completely engulfs the preceding candle high and low. You can use this method to help you identify bullish and bearish reversal/continuation patterns. How can you identify the outside bar pattern? The bullish and bearish engulfing candlesticks are
Outside Bar trading strategy Read More »
Many aspiring Forex traders have one really important question: how to scale up a small trading account in Forex more successfully? This is an important question since any business must develop over time. The truth is that you may expand your forex business, but you must exercise caution. There are several risks connected with the
How to Scale up a Small Trading Account in Forex? Read More »
An old advertising adage says, “Sell the smell of meat, not steak.” Unfortunately, when it comes to cryptocurrencies, the flavor to steak ratio is incredible. The digital token announcements that flood the London Underground promise “big” benefits. One of them, for example, promises to “change the lives” of those who missed the Dogecoin train. Another ad for a
Why cryptocurrency ads are just the tip of the iceberg? Read More »
Euro markedly rose in price in forex on Thursday following the results of the meeting of the European Central Bank, the leadership of which for the first time admitted that the period of high inflation exceeded forecasts. The Euro jumped against the dollar by 0.8% in just over an hour after the head of the
Oil prices fell to their lowest level two weeks after official data showed an unexpected surge in US crude oil inventories. In addition, rising COVID-19 cases in Europe, Russia, and some outbreaks of infections in China shattered hopes for an economic recovery. Brent crude fell $ 1.58, or 1.9%, to $ 83.00 a barrel by
Crude oil slips to 2-week lows, bulls still hold Read More »
The Turkish lira collapsed to a record low in trading on Thursday after the national central bank eased monetary policy for the second time in a row, despite a sharp acceleration in inflation. The lira rate fell by almost 3% to 9.49 lira per dollar against the background of the regulator’s decision to reduce the
Turkish lira collapses to historic lows after rate cut by Erdogan’s order Read More »
