Hello. Well, if you don’t take into account, for example, Friday, the situation has changed very much, because just on the last day before the weekend the bear showed a good weakening of the euro-American dollar pair. Our price essentially fell by...
What is Spinning Top candlestick pattern In the world of candlestick trading, there are numerous patterns that traders use to identify potential trading opportunities. One such pattern is the Spinning Top candlestick, which is a versatile and...
Retrace Waves in Elliott Wave Theory in Forex Trading Introduction to Elliott Wave Theory Elliott Wave Theory, developed by Ralph Nelson Elliott in the 1930s, is a form of technical analysis that traders use to forecast future price movements by...
Good morning. The Pound fell well on Friday, but failed to break through important levels. In theory, you need to see a breakdown of two adjacent levels at 1.26938 and 1.26800. Their breakdown will give us a break in the upward trend and a signal...
GBP/USD Pair Analysis: H4 Time Frame On the H4 time frame, the GBP/USD pair created a bullish candle after hitting the 1.2685 support level but has since resumed its downward movement. This suggests that the price is currently in a bearish trend....