GBP-JPY PAIR MOVEMENT Yesterday's fluctuating price movement in a slightly wide range formed a bearish candle with a fairly long lower shadow and the candle body was formed smaller with an upper shadow. High and low formed at 191.60 and 188.21 with...
Gold market analysis. On Monday (August 19), after hitting a record high of $2,509.65 last Friday, gold prices were suppressed on Monday. Profit-taking adjustments once pushed gold prices down to below $2,500, but they returned to the historical...
The USD/JPY pair is currently showing signs of bearish momentum on the daily time frame. The pair has been forming a series of lower peaks and valleys, indicating a downward trend. Yesterday, the market opened at 147.61 and experienced a high of...
Counterattack candlestick pattern – an overview Also known as the counterattack lines candlestick pattern, this indicator involves two candlesticks that move in opposite directions. It is useful for identifying trend reversals, and it can occur...
The Shark harmonic pattern is a relatively new and advanced trading pattern used in forex trading. It typically forms during market reversals and is characterized by specific Fibonacci retracements and extensions. The pattern begins at point O,...