Harmonic patterns are a specialized and advanced technical analysis tool used by traders and investors in financial markets to identify potential reversal points in price trends. The Harmonic Patterns indicator is a visual and mathematical system...
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...
You can calculate the pip value by multiplying one pip (0.0001) by the lot/contract size. There will be 100,000 units of the basic currency for normal lots and 10,000 units for micro-lots. In the EUR/USD currency pair, a one-pip fluctuation in a...
A CRT expansion refers to a price movement in Candle Range Theory (CRT) where the market moves beyond the established range of a reference candle and continues in a particular direction. The reference candle creates a high and low that traders...
Trading formulas are important for consistent profitability because they help traders make decisions based on measurable information rather than emotions, assumptions, or guesswork. Markets are unpredictable, so no formula can guarantee profits....
Market depth, often visualised as an order book, displays the real-time supply and demand for an asset by listing all pending buy (bids) and sell (asks) orders at different price levels. Unlike basic price charts, it reveals hidden liquidity, showing...
The Perfect Pullback Strategy is a trend-following trading approach that aims to enter a market after price temporarily moves against the prevailing trend. Instead of chasing price after a strong upward or downward move, traders wait for a controlled...
Market swings in trading refer to the natural upward and downward movements that occur as prices change over time. These movements create identifiable turning points on a chart, commonly called swing highs and swing lows. A swing high forms when...
Profit-taking scaling in forex refers to a strategy where traders incrementally close portions of their profitable positions at different price levels. This approach helps to lock in gains while still allowing the potential for further profit if the...