Hammer Candlestick Chart Pattern The hammer candlestick pattern is a single candle formation that signals a potential reversal in the market. It typically appears at the bottom of a downtrend, indicating that the selling pressure is decreasing and...
The price of West Texas Intermediate (WTI) crude oil continued its downward trend for a second consecutive day, trading around $69.40 per barrel during the Asian session on Wednesday. This decline was primarily attributed to the potential resolution...
Market Outlook and Trading Strategies Greetings, traders! Welcome to Happy Killer Trading Journal. I hope you're doing well and benefiting from the recent Bitcoin analysis. Yesterday, Bitcoin tested the 59,800 level before pulling back to the 57,500...
The GBP/USD pair also slightly declined on Tuesday, but this drop can be considered formal. The ascending trend line has been breached, but the price has yet to consolidate below the Senkou Span B line. If we move away from technical analysis, which...
Technical Analysis of EUR/USD Last trading week, the euro reached a high of 1.1198, where it met resistance and started a downward correction. The price dropped below the border of the signal zone and reached the level of 1.1033. Thus, the expected...