Are you looking to enhance your trading skills and maximize your profits in the stock or forex market? Understanding and effectively utilizing trading patterns can be a game-changer in your journey to ...
-- Buy the EUR/USD pair and set a take-profit at 1.0500. -- Add a stop-loss at 1.0300. -- Timeline: 1-2 days. Bearish View -- Set a sell-stop at 1.0375 and a take-profit at 1.0300. -- Add a stop-loss ...
Many foreign exchange (forex) traders learning about technical analysis and how to apply it in their currency trading strategy might wonder what is a double-top chart pattern. This bearish chart ...
Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...
You can think of forex patterns, as dance patterns. You gotta find a pattern, memorize it, and use it as a signal for the next (dance) move. As naughty as the currency pairs may be, they often give us ...
A double-bottom base is a chart pattern commonly used in technical analysis to identify a solid reward-to-risk zone in a stock. Double-bottom base structures take on a shape like a letter W and have ...
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 ...