Fibonacci retracement is a famous technical analysis tool traders use to identify potential support and resistance levels in a market. It is based on the Fibonacci sequence, a series of numbers where...
Category: Technical analysis
Forex traders often use scalping and 1-minute charts because they aim to make numerous small profits throughout the trading day, capitalizing on minor price movements. This strategy requires quick...
Understanding and Utilizing the 7-Day Moving Average in Trading
Moving averages are essential tools for traders in the forex and stock markets. They provide a smoothed representation of price trends over a specified period. By averaging the prices of securities...
Double-top and double-bottom trading patterns are among my favorite tools in technical analysis because they offer clear, actionable signals that can be used to make trading decisions. Traders widely...
A Forex trader who has been using the MT4 platform for quite some time will be well aware that the MT4 is not equipped with any indicators by default. Traders have to select a set of indicators and...
A 15-minute close price chart provides a balanced view of price movements, making it an excellent tool for identifying entry points in trading. This timeframe reduces the noise and false signals...
