Community Forex Questions
What is Predictive and reactive technical analysis?
Predictive Technical Analysis: Traders utilize predictive technical analysis to predict future price movement based on the current chart pattern. They employ volume, trend lines, and levels of support and resistance to estimate the potential direction of future price movements.
Reactive Technical Analysis: Traders initiate and exit positions based on current price indicators that have positive risk/reward ratios over the long term. Their quantitative price indicators show when to initiate a trade with a high probability of success, when to quit with a small loss, and when to lock in a profit.

Add Comment

Add your comment