Cause and effect. That's all that you really need to know. Always ask yourself, 'which area started the move that caused a long term key level to break?' What is this important? Because it shows a clear supply and demand imbalance at that price. It shows that there is interest at this specific zone, at which, there is likely to be unfilled pending orders, as...
Possible H&S ? Can we see a fall down to 1.68919 support line ? Please tell me if this even counts as H&S, I will be very grateful. Any objections/suggestions are welcome.
For those who do not know, I've already published a similar trading education type regarding on not closing trades manually as seen on the links to related ideas. As a trader, one should know (and be aware) and practice a trading behavior as this may be one of the factors that may blowout your account. I have been trading over a year and I've been through a...
I hope it helps those like me who have trouble finding the balance in analyzing these ratios. This ratios are mostly suggested from tradeempowered professionals. (at least supposed)