The bearish candlestick pattern is characterised by a bearish reversal candlestick pattern, which can form anywhere during an uptrend or downtrend. However, for the trader, the key lies in analysing where it is developing. Traders can easily...
General Points about AUDUSD: U.S. economic numbers played a key role in changing the direction of the forex market. The Unemployment Claims stayed at 222K without any improvement, and the Durable Goods Orders came in soft, raising concerns about a...
Based on the chart above, which depicts the GBPJPY price movement on the 1-hour timeframe (H1), it appears that the market is experiencing a strong upward trend. The price action suggests a bullish momentum, especially when observing the position of...
The crude oil recently completed a significant rebound, increasing by $ 10.08, or approximately 18.3%, from its minimum trend of $ 55.23 to reach a maximum of $ 65.32 on Wednesday. However, that strong impulse found a strong resistance, with sellers...
In Forex trading, knowing when to enter a trade is important, but knowing when to exit is even more critical. That’s where Stop Loss and Take Profit levels come in. These tools help you manage risk, protect profits, and trade with confidence,...
