What is pin bar candlestick pattern in forex trading. The pin bar is a price action reversal pattern that shows that a certain level or price point in the market was rejected. The actual pin bar itself is a bar with a long upper or lower “tail”,...
GBP/CAD Market Analysis In this event, I will discuss the most important pair, particularly GBP/CAD. At the time of writing, GBP/CAD is trading at 1.7007. The preceding day’s price has contributed to the formation of a bearish candle, which...
EUR/USD CHEATER TRADING JOURNAL UPDATES AUGUST 31, 2024 Good afternoon everyone, I hope you are always in good spirits. This afternoon I am looking at the price movements in the EURUSD market. So far I see that the price movements in the EURUSD...
The AUD/USD currency pair has begun the week on a weak note, with early trading on Monday in the Asian session positioning the pair near 0.6792. This decline reflects the impact of various influential factors, primarily comments from key central...
The Average Directional Movement Index (ADX) is a technical analysis indicator used to quantify the strength of a trend regardless of its direction. It was developed by J. Welles Wilder, who also created other well-known indicators such as Relative...