currencytrading

Above you see the 240 minute chart of the most traded Forex pair – EUR/USD. As you see, the EUR/USD price on the image above records higher tops and higher bottoms, which suggests that there is a bullish trend on the chart. The red bullish line on the chart is the respective bullish trend line. The green arrows indicate the price impulses and the red arrows indicate the corrections of the trend. If you are looking for a trusted forex broker,our broker is regulated by the financial conduct authority (reference number :705428).to open an account with $25 bonus, No deposit required.click on the link in our bio. or send us a private message.

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We capitalize on this repeatable and exploitable behavior. Because the market is driven by a crowd mentality – the same patterns keep occurring and producing the same result thanks to this crowd psychology. Once you learn to the read the charts directly (without indicators) – you will develop the crucial skill of translating the ‘price footprint’, empowering you with the knowledge you need to transform yourself into a very confident trader. Make the step towards increasing your understanding of price action and I promise – you will look at the market from a whole new perspective. I want you to think of reading plain charts as interpreting the ‘language’ of the market. The charts are trying to communicate to you through the price movements, you just need to be receptive to what’s being communicated. When you think back to your dark trading days, you will wonder how you were ever able to survive trading without the knowledge of understanding price action! To learn more check out my own ebook the candlestick trading bible,or send me a private message

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So obviously the bearish situation is just a role reversal . Counter trend rallies terminate at clear line as it they as a linear resistance level. We can use it as an anticipate reversal point. Therefore this common type of technical analysis involves inperpreting these lines as linear support and resistance. If you want to learn more,i highly recommend you purchase my ebook,the candlestick trading bible.click on the link in bio or send me a private message.

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