The Morning Star is considered a bullish reversal pattern because it signals a potential shift in market sentiment from bearish to bullish. This pattern typically forms after a downward trend and consists of three candles:

MetaTrader's Support and Resistance Lines indicator can calculate and draw support and resistance levels for any currency pair or trading instrument.

This economic calendar has the ability to list the time and date of important economic data that might affect the releasing of currency pairs. The data includes employment and inflation numbers, gross domestic product(GDP), and even the meeting dates...

"Three white soldiers" is a technical term used in financial markets, specifically in candlestick chart analysis, which is a method of examining price movements over a period of time. This pattern is considered a bullish reversal pattern and is...

The dark cloud cover pattern is a key candlestick formation in forex trading that holds significant importance for traders. It is a bearish reversal pattern consisting of two candlesticks: a large bullish candle followed by a bearish candle that...

Indicators are a commonly used tool in the world of trading. They are mathematical calculations based on the price and volume of a security, used to forecast future price movements. Indicators can help traders identify potential trading opportunities...

The Bullish Belt Hold pattern is a bullish reversal candlestick that differs from other bullish patterns in several ways. It is a single candlestick pattern that forms during a downtrend and signals a potential shift to an upward movement. The...

When price is bounded by parallel support and resistance levels, a rectangle forms on the chart.

In forex trading, a long position refers to buying a currency with the expectation that its value will increase over time. This means that the trader will profit if the currency pair appreciates, and they will lose money if it depreciates. For...

Effective plans for forex trading are essential for achieving success in the highly volatile and complex foreign exchange market. These plans encompass a range of strategies and principles that traders employ to navigate the intricacies of currency...