Bamsbung

Breakout in forex basically is a price breakout from important levels, such as the highest price (High) or lowest (Low), Support Resistance, Supply or Demand Area, to psychological levels. The following is an example of a downtrend that is currently strong and is characterized by the formation of Lower High levels (lower High levels) and Lower Low (lower Low … [Read more...] about Break Out with TP and SL fibonacci

Price action is the price movement of a security that is plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and formations and trends are extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action … [Read more...] about Price Action With Fibbonaci and Divergance

In forex trading, the price formed actually complies with the mechanism of buying and selling forces in the market. Therefore, there are certain levels that are indirectly agreed upon by traders as a price reversal point, namely when selling strength weakens (while buying strength strengthens) or when buying power weakens (while selling strength strengthens). These price … [Read more...] about Support Pivot Resistance Hourly

Simply put, the short, medium and long-term trends are the three types of trends that we see every day in technical analysis studies. "Trends are your friends," is just one word that comes out of the study of primary and secular trends. Given the understanding that market psychology really moves the market, we can recognize that psychology is developing and ending the trends … [Read more...] about Market Trend Detection