Forex Trading

Trading a Falling Wedge for a 74% Success Rate and 38% Profit!

Conversely, within an uptrend, it acts as a harbinger of continued upward movement, similar to a bull flag. In today’s article, we will cover ascending tops, which is one of the most reliable chart patterns you can leverage when trading bullish price movements. In different cases, wedge patterns play the role of a trend reversal … Continued

Falling Wedge Pattern Meaning, Chart, Breakout, How To Trade?

Traders predict when the price will break above the pattern’s upper trendline. This breakout is considered a bullish signal and could be an opportunity to enter long positions (buy) with a higher price expectation. Traders aim to use the pattern and other technical analysis tools to plan their entry and exit points for potential trades. … Continued

Mastering Ichimoku Support and Resistance for Forex Success

Recognizing resistance levels enables traders to enter short positions, expecting the price to reverse and potentially initiate a downward trend. Traders often use various technical indicators and chart patterns to confirm the strength of a support level. Common indicators include moving averages, trendlines, and Fibonacci retracement levels. By combining these tools with the analysis of … Continued

Support and Resistance Levels Explained IG International

Between 65-89% of retail investor accounts lose money when trading CFDs. There are various ways of how to invest in gold in 2021 using support and resistance levels to build a trading strategy. My personal favorites are the 21 and 50 period EMA or exponential moving averages. I like to use them on the daily … Continued

Three Black Crows Candlestick Pattern A Guide by Real Traders

If measured targets are not your thing, you might experiment with using moving averages or any other indicator to judge an area of support. Once you’ve entered the stock on the pullback and set your stop, it’s time to figure out a target. This is usually done by measuring the move up, measuring the drop … Continued

Three Black Crows Pattern: Examples and How to Use It for FXOPEN:EURUSD by FXOpen

The color is often black or red, symbolizing bearishness and downward momentum in the market. With its visually striking formation, this pattern can offer a glimpse into the psychology of market participants and their changing sentiments. That being said, there is no better way to test your three black crows strategy than in a simulator. … Continued