Divergence trading is a popular technical analysis strategy used by forex traders to identify potential trend reversals or trend continuation opportunities. Divergence occurs when the price of a currency pair moves in the opposite direction of a technical indicator, such as the Relative Strength Index (RSI) or Moving Average Convergence […]
The foreign exchange market, or forex for short, is a dynamic and ever-evolving landscape. For traders navigating this complex world, understanding support and resistance levels is fundamental. These invisible forces, acting like price magnets, play a crucial role in shaping market trends and identifying potential trading opportunities. Unveiling Support and […]
Price action trading is a trading strategy that focuses on analyzing historical price movements and patterns to make trading decisions, rather than relying on indicators or other technical tools. It involves studying the behavior of price movements, identifying key support and resistance levels, and recognizing patterns and candlestick formations to […]
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