What is Fundamental Analysis?
Fundamental analysis is a way of looking at the forex market by analysing economic, social, and political forces that may affect currency prices. The idea behind this type of analysis is that if a country's current or future economic outlook is good, its currency should strengthen (Baby Pips - www.babypips.com)
What is Technical...
Study notes based on the Babypips course.
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Bullish pennants are formed in an uptrend and imply that the bulls are about to charge again!
- Uptrend
- Breather, consolidation into a tight range
- Breakout to the upside
Flagpole can be used to measure size of the breakout upside potential