Shooting stars are used to reverse call movements. Shooting stars appear at the top of an uptrend when a move loses momentum. Shooting stars are inverted hammer candles, as in an inverted hammer pattern. The open, low, and close prices of the candle...
_Hedging in Forex: A Comprehensive Guide_ *Introduction* Hedging in Forex is a risk management strategy used to mitigate potential losses or lock in profits by opening multiple positions that offset each other. *Types of Hedging in Forex* 1. *Direct...
The EUR/USD pair, currently trading around the 1.0940 level, has been trending in a bearish direction. The market has shown slow movement recently, reflecting uncertainty as traders evaluate various macroeconomic factors. However, many analysts and...
Currency Pair Behavior: USD/ CAD In our analysis, we discuss the present behavior of the price of the USD/ CAD currency pair. Over the past week, the USD/ CAD currency pair has shown steady growth from opening to closing Friday's trading session....
The Shooting Star Candlestick Pattern: A Simple Guide to Spotting Reversals in Trading Ever feel like the market is playing tricks on you? One minute, prices are soaring, and just when you think the trend will keep going, everything reverses. That's...