Engulfing is a well-known reversal pattern on a chart that consists of two candlestick patterns, but one pattern will engulf the other. In this case, it is important to correctly distinguish the type of pattern – it will depend on which candlestick pattern is dominant. There are two types of engulfing in total – bearish […]
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For trading major currency pairs, 50 pips a day Forex strategy is getting extremely popular among traders. With the help of this technique, traders can easily identify the early market move of their trading instrument. But this trading strategy can be applied to the currency pairs of EUR/USD or GBP/USD. But if you still want
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A few hints about bond purchases may come from Powell. The most likely answer is that he does not mention what time the bond buyback will be terminated. Analysts said that Federal Reserve Chairman Jerome Powell’s speech at an economic conference in Jackson Hole on Friday would likely offer several hints about when the central
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Would you like to know how you can use volume in Forex trading? As a beginner, how difficult is it for you to acquire volume trading skills? Trading volume has a huge impact on the forex market, but very few traders know this. By learning this useful skill, you can become a master of forex
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As tensions between the US and China escalated after President Joe Biden received intelligence on the origin of the virus, the dollar strengthened in general. The yen has suffered due to rising bond yields around the world. In addition, a Senate-proposed Tax Plan would permit the transfer of profits abroad, supporting the dollar. Data on
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This guide gives you a detailed review of what triple top pattern strategy is all about and how it can be used in forex trading. Different trading strategies are introduced in the forex market, with the triple top pattern being one of the most noteworthy. The strategy uses a powerful and simple chart pattern to
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It’s common for you to be stressed and frustrated as you engage in forex trading. Eventually, this frustration and fear will have a big impact on your trading, and you might even stop trading due to it. This is not the right solution at all! The frustration and feeling of being burdened are among the
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Ichimoku Kinko Hyo, also known as equilibrium chart, has 5 indicators similar to the moving average. This chart was developed by the Japanese journalist Goichi Hosoda in the 1930s and finally released to the public in the 1960s. To develop this trading system, Hosoda hired a team of 7 people to make the calculations. He
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Value investing is an investing strategy commonly used in the stock and futures markets. The strategy is based on the estimation of the “real price” of the share. To estimate this, investors calculated the Fair Value of the Share by considering buildings, machinery, production, financial instruments owned by the company, equity, cash flow, debt, and
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Regarding technical analysis, trend lines play a major role in both trend identification and confirmation. By employing trend lines, all traders can identify markets with an opportunity to buy or sell. This is one such straight line that connects two or more pricing points. Later on, it extends it as a support line or resistance
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