In my morning forecast, I highlighted the 1.1004 level and planned to make trading decisions based on it. Let's review the 5-minute chart to analyze the developments. A decline followed by a false breakout at this level led to a buying opportunity,...
A stop-loss order is a critical tool for managing risk in trading and investing. It is designed to limit an investor's loss on a security position by automatically closing the trade once it reaches a certain price level. Determining a suitable...
Today the EUR/GBP pair is experiencing some volatility following the result of UK GDP data , which came in 0.2% growth. This has put pressure on the British Pound, allowing the Euro to rally slightly. However, the overall outlook for the pair is...
MEDAL BONUS 333% Medal Bonus 333%: A Comprehensive Guide The Medal Bonus 333% is a trading bonus offered by some brokers to incentivize traders to deposit and trade more. This bonus can be a valuable addition to a trader's arsenal, but it's...
The forex cycle line is a concept used in forex trading and technical analysis to help traders identify and predict potential price movements based on historical data and cyclical patterns. It integrates elements of cycle theory with technical...