Are you aware of what a false breakout is and how you can escape it? In general, the false breakout occurs when the price moves temporarily below or above the key support or resistance level. But after a little while, it returns to the beginning. Possibly, this is the worst-case scenario for a breakout trader […]
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For new traders, the term forex trading means buying in uptrends and selling in downtrends. To become an expert in forex trading, you need to familiarize yourself with other terms, such as overbought and oversold. Trading this way gives you a sense of how much profit you can expect and when you can make it.
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End of Day trading is simply the practice of trading when the markets close. Stocks and futures markets open and close according to regular business hours. With Forex, It’s a little different because this market works 24 hours, so it doesn’t really close. What happens is that local markets like London, Asia, and America do
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Discussing the double top pattern, it’s a bearish sort of reversal trading pattern which generally emerges towards the endpoint of a bullish trend. Double-tap reversal is generally based on two consecutive major peaks with similar highs. The very first peak is generally formed when the bullish trend will find resistance. After that, the price will
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Hull Moving Average is a popular and well-known technical indicator that was developed by Alan Hull. This indicator helps improve weighted move averages for successful trading. Among the different technical indicators available in the forex market, Hull MA is the one that can improve your trading skills and bring a significant change in forex trading.
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Using double bottom patterns is the first thing you need to check to spot a potential reversal in the Forex market. It is the most popular technical pattern among forex traders. As a result of a long decline, double bottoms are formed. Then, on your way up, you can use it to buy certain opportunities.
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For trading the New York-US Forex session, you can use a trading system called the New York Breakout Forex Trading Strategy. The New York Forex Session is the second largest forex trading session in the currency market and operates 24 hours daily. In this guide, we will discuss in detail what New York Breakout Forex
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The Heiken Ashi Trading Strategy is essentially a Japanese candlestick-based trading strategy. Candlestick charts are used to visualize and represent accurate market price data in this trading strategy. Furthermore, it is useful for identifying basic market trend signals and forecasting price movements. In short, the Heiken Ashi Trading method uses average data to filter out
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After spending some time in the market, you have probably realized that the markets quickly consolidate after a trend. However, few people can answer the question of when to re-enter the trend. The ABCD pattern is shaped like a lightning bolt. It consists of 3 separate moves with specific Fibonacci ratios that help identify potential
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Don’t be upset if you don’t understand why US Treasury yields are falling. Because Jerome Powell is also sitting in bewilderment with you on the same bench. Bonds have been climbing steadily for several months, despite accelerating inflation to a 13-year high. The textbooks and Wall Street experience say that in such an environment, yields
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