Introduction
In an era where information is as precious as gold itself, understanding the underlying currents that drive market sentiment has become crucial for traders and investors alike. Gold Futures, a standard in hedging against economic uncertainty and inflation, serve as a beacon for those navigating the volatile seas of the financial markets. This...
Illuminating the Path: Decoding Candlestick Patterns in Forex 🕯️📈
✅Candlestick charting is a fundamental tool for analyzing price movements in forex trading. Each candlestick provides valuable insights into market sentiment and can assist traders in making informed trading decisions. In this comprehensive guide, we will delve into the art of reading...
Support and resistance levels are like the heartbeat of the forex and gold markets, constantly pulsating with potential trading opportunities. But what happens when these vital levels flip roles? In this comprehensive guide, we'll explore the intriguing phenomenon of how support can morph into resistance and vice versa. Through real-world examples, you'll...
In the intricate world of forex trading, understanding the nuances of candlestick patterns is akin to deciphering a secret code. Candlesticks are more than just price representations; they embody the ebb and flow of market sentiment. In this comprehensive article, we will delve into the characteristics of crucial bullish and bearish candles, unveiling the...
Introduction
Candlestick charts are a cornerstone of forex trading, offering valuable insights into market dynamics. One key element of a candlestick is the size of its body, which provides crucial information about the strength of buyers and sellers. In this comprehensive article, we'll explore how the size of a candle's body reflects market sentiment,...
Get ready to unravel a powerful secret in forex trading – how the size of a candlestick's body reveals the strength of the buyers in the market! 📊💪🕯 In this comprehensive guide, we'll dive into the fascinating world of candlestick analysis and show you how to harness the body size indicator for smarter trading decisions. 📈💡
Understanding Candlestick Body Size...
Against herd short signals:
EURUSD
EURAUD
GBPUSD
XAUUSD
NZDUSD
AUDUSD
Againts herd long signals:
AUDJPY
USDJPY
USDX
USDCHF
EURJPY
Highest herd extreme:
GBPUSD - 73% short signal
XAUUSD - 73% short signal
That's what have we identified while trading and analyzing the market.
Three main movement types!
1. Exit from accumulations - breakouts of levels
2. Working with participants (bounces and corroding densities), trading market inefficiencies, collecting volatility, entries to continue the movement
3. Trading bounces (corrections): reversal patterns, density in...
Why one cannot be completely bullish or completely bearish?
The stock market consists of two major players. Some people are long traders they bet the stock price will go higher. They buy low and sell at a high price to make a profit. Some long traders buy the stock at a high price and sell at an even higher price. Some long traders look for bargain...
