Take Profit In forex trading, Take Profit (TP) is an order that a trader sets to automatically close a position once it reaches a certain level of profit. It’s a key part of risk and money management and helps traders lock in gains without having...
T E C H N I C A L _ A N A L Y S I S G B P / U S D Good morning everyone. I will discuss the crazy GBP/USD pair. If you look at the current situation, we can see that GBP/USD is still trading below the 20 exponential moving averages and 50...
Trend lines are a fundamental tool in forex trading, providing valuable insights into price movements and potential entry or exit points for traders. These lines are drawn on charts to visually represent the direction and strength of a trend. In the...
T E C H N I C A L _ A N A L Y S I S X A U / U S D Good morning. Taking a look at this chart below, it is noticeable that XAU/USD is trading around the moving average line MA (20) at 3105.62. According to my chart observations, the market is in a...
I observe that the price action is currently forming a "horseshoe" pattern, indicating a sideways trend within the range of 0.8510-0.8390. I note that the MA100 is moving parallel to the floor, which reinforces the flat market sentiment for the...
