Forex

Combining MACD and Inside Bar – Trading Ideas

For forex traders, especially those who follow the price action school of thought, Japanese candlestick patterns are surely no stranger. The Inside Bars pattern – one of the most common tools. And as mentioned in previous articles, traders should not view candlestick patterns as the sole tool but rather combine them with other tools and […]

Spinning Top Candlestick Pattern: Strategy & Applications

The Spinning Top Candle is one of the Japanese candlestick patterns widely used due to its distinct characteristics. This pattern often signals market indecision; the spinning top candle can also provide valuable supporting information for trading strategies. Let’s dive into the details of the characteristics and how to trade the spinning top candle in today’s […]

Morning Star and Evening Star Candlestick Patterns: Strategies & Applications

The Morning Star and Evening Star patterns are three-candlestick reversal patterns that signal a potential trend change in the market. They can be used when trading forex or in any other financial market. Accurately identifying a reversal allows traders to enter the market from a favorable position right at the beginning of the trend change. […]

Dark Cloud Cover Candlestick Pattern

The Dark Cloud Cover candlestick pattern is widely used by traders to detect market reversals and offers an attractive risk-to-reward ratio. The Dark Cloud Cover pattern is relatively easy to spot. However, traders should consider the formation of the Dark Cloud Cover in conjunction with other important factors and avoid entering trades solely based on […]

3 MAIN FOREX CHARTS IMPORTANT IN TECHNICAL ANALYSIS

Technical analysis on forex charts aims to identify market patterns and trends by using different types and functions of forex charts. Reading forex charts can be intimidating for new traders. Therefore, understanding the basics of technical analysis is essential. This article will introduce the most popular types of forex charts used in technical analysis. It […]

Continuation Candlestick Patterns – Trading Ideas

Forex traders often tend to look for reversal signals from candlestick patterns. However, one skill that has yet to be fully utilized is the use of continuation candlestick patterns, which indicate that the market is pushing to continue the trend. Today’s article will help traders better understand continuation candlestick patterns and important considerations when using […]