The euro is supported by the ECB’s decision to raise interest rates and revise its inflation forecasts higher. For EUR/USD, the key factor is not only the rate move itself, but also the signal that the central bank is ready to contain the...

Forex is generally well suited to day trading because the market offers high liquidity, frequent price movements, and extended trading hours. Traders can open and close positions within the same day without needing to hold trades overnight. Major...

The 88.6% Fibonacci retracement level plays a crucial role in the Bat pattern, a popular harmonic pattern in technical analysis. The Bat pattern is designed to identify potential reversals in the market, offering traders a high-probability setup. It...

Very few people are available to trade forex full time. For example, those who trade at night might be limited to the types of currencies they trade based on volumes during the 24-hours cycle. These night traders should employ a strategy of trading...

A volume indicator is a crucial tool in the realm of financial analysis and trading. It is used to depict the amount of a particular asset, such as stocks, commodities, or currencies, that has been bought or sold during a specified period....

The 3 Drives price action pattern is an advanced reversal formation used by traders to identify potential exhaustion in an existing trend. It consists of three consecutive price movements, or “drives,” in the same direction, with each drive...

A retest trading strategy is a technical analysis approach that involves waiting for the price to return to a previously broken support or resistance level before entering a trade. Instead of entering immediately when a breakout occurs, traders wait...

Market Depth Proactive refers to a trading strategy or tool that actively monitors and reacts to changes in the order book (market depth) to optimise trade execution. Market depth displays real-time buy and sell orders at different price levels,...

The Double Doji Candlestick Pattern is a significant technical analysis formation in financial markets, particularly within the realm of candlestick charting. This pattern is characterized by the occurrence of two consecutive doji candles in a price...

A bullish order block is generally viewed as a price area where significant buying activity occurred before a strong upward move. Traders often expect price to return to this area and find renewed demand. However, a bullish order block can become...