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Single Candlestick Patterns
let's move on to individual candlestick patterns. If these candles are displayed on the chart, they may indicate a potential market reversal. The four basic single Japanese candlestick patterns are:
Elementary School 2022-01-28
Japanese Candlestick Anatomy
Like humans, candlesticks have different body sizes. And when it comes to forex trading, there's nothing worse than looking at the candlestick itself!
Elementary School 2022-01-27
What is the meaning of a Japanese candlestick?
While we discussed Japanese candlestick charting analysis briefly in the previous forex class, we'll now go over it in greater depth.
Elementary School 2022-01-27
Summary: Trading Support and Resistance
The peak reached before the price falls back is now resistance when it moves up and then retracts. As the price climbs back up, the lowest position hit before the climb is now considered support.
Elementary School 2022-01-27
How to Trade Support and Resistance
As the name implies, one approach for trading support and resistance levels is soon after the rebound. Many Forex retail traders make the mistake of placing an order at a bullish level and then sitting down and waiting for the transaction to be executed.
Elementary School 2022-01-27
Channels of Representation
We may establish a "channel" by extending the trend line hypothesis and drawing a parallel line at the same angle as the uptrend or downturn.
Elementary School 2022-01-27
Trend Lines
In forex trading, trend lines are the most often used type of technical analysis. They're also one of the most obscure. They can be as exact as any other approach if drawn correctly. Most forex traders, unfortunately, draw them improperly or try to make the line represent the market instead of the other way around.
Elementary School 2022-01-27
What is the difference between support and resistance?
One of the most often used trading ideas is "support and resistance." Surprisingly, everyone appears to have their own opinion on how support and resistance should be measured.
Elementary School 2022-01-27