USDCHF Long-Term Range (Jun 26, 2017)
USDCHF has sold off recently but it could find strong support at a long-term range bottom around the .9500-.9550 levels. A bounce off this area could lead to a move back to the resistance at 1.0400 or...
Tag: Trading
NZDJPY Double Bottom Breakout (Jun 09, 2017)
NZDJPY could be in for a long-term climb as it broke past the neckline of its double bottom pattern on the daily time frame. Price was unable to break below the 75.00-75.50 area in its last two...
Here’s How to Validate and Trade a Channel
Trading price channels are a valuable tool for traders to identify and capitalize on price movements within a specific range. Price channels are formed when an asset’s price moves between two parallel trend lines, creating opportunities for...
Chart Patterns and the Trend
When it comes to trading, one common piece of advice from instructors is to trade in the direction of the trend on the daily chart. This means buying when the trend is up and selling when the...
The New Trader and the Professional Trader
Embarking on a journey as a trader is an exciting endeavor, but it requires a shift in mindset and a commitment to continuous improvement. Many aspiring traders often wonder about the key differences between a new trader...
The Use of Moving Averages
Technical indicators play a crucial role in analyzing financial markets, and one of the most popular and widely used indicators is the Moving Average (MA). Its simplicity and effectiveness make it a favorite among traders. In this...
Understanding Stop Losses
Stop losses are an essential risk management tool used by traders and investors in financial markets. They serve as a safety net, enabling individuals to protect their capital and limit potential losses. In this article, we will...
Forex advantages
The foreign exchange market, commonly known as Forex, is the largest financial market in the world, with an average daily turnover of trillions of dollars. It provides a platform for individuals, businesses, and financial institutions to trade...
The Basics of Swing Trading
Swing trading occupies a unique position in the world of trading, blending elements of trend following and day trading. It involves holding stocks for a short period and capitalizing on intra-week or intra-month oscillations. Successful swing traders...