Engulfing Candlestick Pattern in Forex Trading The engulfing candlestick pattern is a two-candle reversal signal commonly used in forex trading to indicate a potential change in market direction. It comes in two forms: bullish and bearish. 1....
On the H4 time frame chart, the NZDUSD trading activity seems to be in the range zone; however, I saw erratic movement in the final candle, which is a significant bearish pin bar. We cannot take the chance of selling it based on this candle because...
I trade intraday and I concentrate mainly on price movements during the trading session instead of looking at longerterm trends. My main attention is on immediate signals that come from daily trading activities, so I can make clear decisions without...
EURCAD Daily Outlook The EUR-CAD exchange rate has risen sharply this month to a stunning 1.5000 to 1.5855. This is the highest level since August 2020. This strong growth is the result of a combination of factors, including market sentiment,...
Forecast of GBPUSD The lower time frame charts reflect the current trade activity on many currency pairings. On the H1 and H4 time frame charts, I noticed that the GBPUSD price is trading within the range zones. Because market volatility was at its...
