What is shooting star candlestick pattern in forex trading. A shooting star in trading is a bearish candlestick pattern that can signify a potential reversal of an uptrend. It consists of a single candlestick with the following characteristics: A...
AUD-JPY PAIR ANALYSIS Prices crept up at the start of the Asian session trying to move away from the Tuesday market opening area of 96.83 which had received a little pressure from sellers at the start of the market opening. This buyer's push has...
GBP/USD H-1 As of writing, the UK rate for the first half of the year is 1.26686. The forum's InstaForex indicator shows that the proportions of the first part and the shortage are equal, with the former within 50.34%. In the second part,...
GOLD H4 MARKET ANALYSIS. I then tried to monitor the price movement on the H4 timeframe chart, in fact, on Monday the market had started a bullish movement for trading which managed to bring the candlestick up, then on Tuesday night the buyers were...
The provided chart displays the GBP/USD currency pair on the H1 (one-hour) timeframe. This analysis combines key technical tools and principles, including moving averages, candlestick patterns, and the Relative Strength Index (RSI), to offer...
