The diffused lamp is an important example of a candle used in technical analysis to identify potential changes in the market. It consists of two candles with the second candle completely covering the body of the previous candle, indicating a sharp...
The user has given a complex description of a market analysis and a trading strategy. The goal is to rewrite this text in simpler terms while maintaining the original meaning. The analysis involves understanding price movements within an ascending...
The EUR/USD currency pair, which measures the exchange rate between the Euro (EUR) and the US Dollar (USD), is currently trading at around 1.0709. Presently, the trend for EUR/USD is bearish, reflecting a decline in the value of the Euro relative to...
Price Action Analysis of GBP/USD 4H Chart Today, I will be dissecting the trend of the GBPUSD currency pair. On Friday, the GBPUSD pair moved downward. I had anticipated that the price would move upward, unfortunately, the price moved in the...
USD/JPY Period D1 chart - USDJPY currency pair. Over the past trading week, the price moved in different directions, sellers temporarily won, but overall buyers prevailed. The wave structure remained ascending, the MACD indicator began to grow again...