Category: Forex Trading

Bear flag pattern books to learn from are Technical Analysis Of The Financial Markets by John Murphy and Encyclopedia of Chart Patterns by Thomas Bulkowski. Bear flag candlestick pattern examples are illustrated on market charts below. To buy or sell pennants, you’ll need to plan when to open your position, take a profit and cut… Continue reading Flag and pennant patterns Wikipedia

This can signal the start of a new trend or the continuation of an existing one. The anticipation and reaction to these breakouts are deeply rooted in the collective psychology of market participants. A bear flag pattern price target is set by measuring the flagpole height and subtracting this measurement from the short breakout price.… Continue reading Bearish Pennant Patterns A Complete Guide

According ADX’s price divergence strategy, when a currency pair’s price increases in the market, ADX value should also increase and vice versa. The ADX works exceptionally well when combined with other indicators like moving averages or Bollinger Bands. For example, a moving average crossover accompanied by a rising ADX can be a robust confirmation of… Continue reading How to Measure the Trend Strength with the Average Directional Index? Market Pulse

Traders may take this insight and deep dive into lower time frame analysis to further initiate a trade plan and place proper trades. What is also important to know is that the ADX is non-directional which means that it does not give any information about the direction of the trend. When the ADX goes up,… Continue reading Average Directional Index ADX: Definition, How it Works, Importance, Calculation, and Trading

The best technical indicators for day trading are the RSI, Williams Percent Range, and MACD. These measurements show overbought and oversold levels on a chart and can help predict where a price is likely to go next, based on past performance. However, they’re not always accurate so it’s important to use them in conjunction with… Continue reading Top 10 TradingView Indicators For Forex Trading

Remember, as a day trader you’ll likely be opening and closing multiple trades in a day, so it’s important to keep up to date with relevant market events or breaking news. Once you’ve drawn up a trading plan and you’re ready to get started, you can open your first position. You can place both long… Continue reading 7 Technical Indicators to Build a Trading Toolkit

According ADX’s price divergence strategy, when a currency pair’s price increases in the market, ADX value should also increase and vice versa. The ADX works exceptionally well when combined with other indicators like moving averages or Bollinger Bands. For example, a moving average crossover accompanied by a rising ADX can be a robust confirmation of… Continue reading How to Measure the Trend Strength with the Average Directional Index? Market Pulse

The ADX is also used to confirm signals from other indicators, like price action, momentum oscillators and moving averages. Multiple analysis techniques agree on a signal opportunity, which increases traders’ confidence level significantly. The ADX day trading strategy is simple to follow and hence can be used by both beginner and expert traders. The ADX… Continue reading Mastering the Top ADX Trading Strategies

In addition to the high cost of transactions, the leading altcoin also suffers from scalability issues. Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. Between February and May 2021, eth’s price… Continue reading ETHUSD Ethereum Price Chart

But two US officials said initial indications suggested Russia had intercepted just two missiles out of around eight fired by Ukraine. And Putin went on to say that Russia has the right to use its weapons against countries that allow their weapons trade with atfx to be used against Russia. So he was making a… Continue reading Dandadan Pays Tribute to Shin Godzilla With Hilarious Easter Egg