Forex Trading and Miscellaneous

Forex trading aims to achieve more winning trades while eliminating losing ones. Forex trading strategies play a significant role in achieving this. By utilizing these strategies, a trader can develop a unique set of rules to help him profit from forex trading. Sometimes, traders put their faith in trading strategies that haven’t been thoroughly tested, […]

The Marubuzo is a one-candle pattern. It indicates the direction of a trend. The word “Marubozu” means “baldhead in Japanese.” The candlestick pattern gets its name from the fact that it has no wicks.  What is the Marubozu candlestick pattern? When a Marubozu is present, the price opens at the high and closes at the

The Golden Cross is a candlestick chart pattern that gives a bullish signal. When a short-term moving average crosses above a long-term moving average, it is called a crossover. What is the Golden Cross? The Golden Cross is a bullish pattern. It is formed from a crossover of short-term moving averages like 9-day and a

The death cross is a technical pattern that signals the end of a bull market and the beginning of a bear market. When a short-term moving average (50-day) passes below a long-term moving average, it is known as the Death Cross (200-day). The X-shape generated when the short-term moving average falls below the long-term moving

The piercing pattern consists of two candlesticks. It indicates a reversal from the bearish to a bullish pattern and appears in a downtrend. What is the Piercing Candlestick Pattern? The bullish second candle follows the bearish first candle of the Piercing Pattern. The bearish candle starts high and ends around the bullish candle’s bottom. The

The harami is a simple candlestick chart pattern suggesting a trend reversal. Harami is a Japanese term that means “pregnant,” which is how the pattern appears. What is a harami pattern? The Harami pattern is made up of two candlesticks. The first candlestick stands at a considerable height. The second candlestick is much smaller than

The ABCD is a Harmonic pattern that indicates the possibility of a reversal. H.M. Gartley found the pattern and published it in his book “Profits in the Stock Market.” Scott Carney worked on the ABCD pattern afterward. What is the ABCD pattern? Like every other Gartley pattern, the ABCD pattern’s structure is dependent on formation.

Instead of using a single trading indicator, the Triple Screen trading method applies several trading indicators. The goal is to filter out too many false signals as possible by using as many indicators as feasible. Dr. Alexander Elder developed the method in 1985, and it was initially published in Futures Magazine in 1986. What is

A Gartley pattern is a form of a Harmonic pattern that relies on Fibonacci numbers and ratios. H.M. Gartley presented the pattern in 1932. The Gartley is also known as the 222 patterns, as stated on page 222 of the book by H.M. Gartley. The Fibonacci numbers were not initially used in the Gartley pattern,