Based on the provided GBP/USD H1 chart, the pair is in a clear and sustained downtrend with a well-defined bearish structure. The price has fallen from a high near 1.3410 (September 18th) to the current level of 1.3243, which is testing the teal...
USD/JPY Pair Current Fundamental, Technical and Sentimental Overview (24th Sep, 26) Navigating the foreign exchange market requires looking at the bigger economic picture while timing entry and exit points on price charts. The USD/JPY currency pair...
Risk to Reward Ratio in Forex Trading The Risk to Reward Ratio, commonly called the R:R ratio, is one of the most important concepts in Forex trading because it connects potential loss with potential profit before a trade is opened. Instead of...
NZD/USD Greetings, colleague! I'll join yours - so be it )) The current NZD/USD quote is 0.5672. What we have now on the daily chart using the wave technique: - MA100 is tilted in favor of a decline at a trend angle of 20 degrees. The mood is...
4H Fakeout in Forex Trading A fakeout occurs when price appears to break an important support, resistance, swing high, swing low, or trading range but fails to continue in the breakout direction. Instead, price returns inside the previous area and...
