How can I learn forex treading. do u have any advice?

If you can tell when buying or selling pressure is exhausted, it can give you a clue of when price may continue trending.

We here at like to call them “Fibonacci Candlesticks,” or “Fib Sticks” for short. Pretty catchy, eh? Let’s take a look at an example to make this clearer.

The pair seems to have been in a downtrend the past week, but the move seems to have paused for a bit. Will there be a chance to get in on this downtrend?

You know what this means. It’s time to take the Fibonacci retracement tool and get to work!As you can see from the chart, we’ve set our Swing High at 1.3364 on March 3, with the Swing Low at 1.2523 on March 6.

Since it’s a Friday, you decided to just chill out, take an early day off, and decide when you wanna enter once you see the charts after the weekend.

Whoa! By the time you popped open your charts, you see that EUR/USD has shot up quite a bit from its Friday closing price.

While the 50.0% Fib level held for a bit, buyers eventually took the pair higher. You decide to wait and see whether the 61.8% Fib level holds

. After all, the last candle was pretty bullish! Who knows, price just might keep shooting up! forex trading like free time saving.

Well, will you look at that? A long legged doji has formed right smack on the 61.8% Fibonacci retracement level. If you paid attention

in Grade 2, you’d know that this is an “exhaustive candle.” Has buying pressure died down? Is resistance at the Fibonacci retracement level holding?

It’s possible. Other traders were probably eyeing that Fib level as well.Is it time to short? You can never know for sure (which is why risk management is so important), but the probability of a reversal looks pretty darn good!

It’s possible. Other traders were probably eyeing that Fib level as well.

Is it time to short? You can never know for sure (which is why risk management is so important), but the probability of a reversal looks pretty darn good!

If you had shorted right after that doji had formed, you could have made some serious profits. Right after the doji, price stalled for a bit before heading straight down.

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Take a look at all those red candles!It seems that buyers were indeed pretty tired, which allowed sellers to jump back in and take control.