What Is The Shooting Star Candlestick Pattern. The Shooting Star is a Japanese . It’s a bearish reversal pattern. Usually, it appears after a price move to the upside and shows rejection from higher prices. The pattern is bearish because we expect...
Hook reversal candlestick pattern in forex trading. The Hook pattern in technical analysis is a candlestick formation characterised by a unique hook-like structure. It reflects a potential shift in market sentiment, signalling the end of a...
Technical analysis of the EURUSD pair On the 1-hour chart, the price starts to trend upwards after successfully breaking the channels upwards. The price started trading today within the descending price channels that represent the movement trend...
GBPUSD Good afternoon. Positive UK inflation data appeared to be improving yesterday, but this rush by shoppers has slowed. And now, to continue the upside, we need to see the pair join yesterday's high at 1.27608. The euro fell and, therefore, a...
Technical analysis of the USDJPY pair On the 1-hour chart, the price is moving affected by the price channels, as the day opened inside a red descending channel that represents the direction of movement yesterday only, and the blue channel has an...