In the hourly timeframe, GBP/USD broke below the 1.2505 pivot point last Friday. The price is hovering around the 1.2658 level, showing signs of a bullish correction. The stochastic indicator, trading below the 30 level, has crossed upward,...
When trading in the foreign exchange (forex) market, one of the most important terms you’ll encounter is “pip.” Short for "percentage in point" or "price interest point," a pip is the smallest price move that a currency exchange rate can make. For...
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H-1 Chart Technical Outlook GBP/USD GBPUSD H1 British Pound/US Dollar. After nailing the device's behavior on the way to the day, it seems so logical to enter the market for purchase. Why did I conclude that the extensive trade is the most liked for...
What is ATR: average true range full definition The difference between high and low: 1.2121 - 1.2117 = 0.0004, or four points for 4-digit quotes. That is the greatest value of the three possible remainders. The print screen shows that the value is...