As you begin to get familiar with technical analysis, you’ll start to see three distinct types of forex chart patterns emerge. While you might be looking for wedges, flags, channels and triangles, the ...
The ABCD pattern is a simple yet powerful tool in the arsenal of any forex trader, offering a clear structure to spot potential price reversals and continuation moves ...
When wedges appear on the exchange rate chart for a currency pair, it can indicate to an astute technical forex trader a coming reversal or continuation of the preceding trend. The rising wedge ...
The EUR/USD exchange rate retreated for two consecutive days after the US released a soft labor report and as traders waited ...
-- Sell the BTC/USD pair and set a take-profit at 95,000. -- Add a stop-loss at 106,000. -- Timeline: 1-2 days. Bullish view -- Set a sell-stop at 100,000 and a take-profit at 95,000. -- Add a ...
Sell the BTC/USD pair and set a take-profit at 105,000. Add a stop-loss at 118,000. Timeline: 1-2 days. Bullish view Buy the BTC/USD pair and set a take-profit at 118,000. Add a stop-loss at 105,000.
The GBP/USD exchange rate pulled back for two consecutive days as traders focused on the upcoming UK inflation and retail sales data, FOMC minutes, and Jerome Powell’s statement at the Jackson Hole ...
The Central Bank of Nigeria (CBN) late last year unveiled a new platform, the ‘e-Form A’, to ease access to forex by end users, viewed as a necessary intervention to overcome difficulties associated ...