The “Pennant” pattern is a technical analysis tool; when the pattern is complete, trend continuation is expected. The pattern itself represents a temporary pause (retracement) in the actively developing trend.
The “Pennant” pattern consists of two parts:
The “Wedge” pattern is a technical analysis tool in the Forex that predicts the approaching market tendency (trend) change.
The “Wedge” is visually similar to the “Triangle” pattern and only different in the way that both of its forming lines are facing
The “Triangle” pattern is a simple technical analysis tool in Forex which is a series of falling tops and rising bottoms (4 points are required to draw the pattern). Simply put, it represents two lines crossing each other and thereby forming a triangle.
Forex patterns are price models which often repeat in the market and result in certain regularity in the future price behavior. In other words, pattern-based trading should give a percentage advantage in determining the direction of the subsequent price m
Let's start this article by asking this question: “How much money can you afford to lose as a result of your next trade?”
If your answer is one of the following ones – 2% of deposit, 30 points or $16, then you should still read this article, since you can
Most traders use a trend line (hereinafter referred to as “TL”) both to analyze and make trading decisions that makes TL an important working tool for technical analysis. We highlighted the word “working”, because we believe that the simpler the technical
To install and run the indicators from the "FXSSI Pro" pack, use these detailed instructions.
This guide will help you install any Indicator or Expert Advisor, run the Script or apply the Template in the MT4 terminal.
The installation is performed in two
Many of you might have noticed a new level appeared in the Order Book tool.
It is called the Return Point:
This name suggests that this is a target level, where the price should come back to. However, the name of this level doesn’t fully disclose its ess
Sometimes things forgotten a long time ago present interesting surprises.
Back in 2015, the first version of the Order Book web tool was released and with it a number of new indicators, such as Middle of the Volume, levels of Gravity and Resistance, etc.
People tend to treat something new with a grain of salt. Sometimes it comes to the point where new information is so incompatible with their firm beliefs that it results in a stream of ill-considered criticism.
Our version of the “Trading Against the Crow