I’ve been learning forex for about 2 months, at the moment I’m practising trading pullbacks with Fibonacci and candle stick patterns, this set up shows a pullback to the 50% retracement level with lines up with previous resistance now acting as support.
#NZDUSD #TechnicalAnalysis ~~ This counter currently trying to form a #wedgeformation. ~~ Now, it has formed an #ascendingtriangle with in that & broken to move up further. ~~ Hence, we expect that it will be bullish upto the resistance line. https://traderpulse.com/forex-analysis-app/#pricing
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Unfortunately, most forex traders don’t draw them correctly or try to make the line fit the market instead of the other way around. In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys).. This is known as an ascending trend line.. In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks). The Bottom Line . For traders—especially those with limited funds—day trading or swing trading in small amounts is easier in the forex market than other markets. For those with longer-term ... Forex news from ForexLive. The fastest Foreign Exchange market reporting and analysis. Live Forex and economic news. Technical analysis, headlines, Live quotes. View live forex rates and prices for commodities, indices and cryptos. Live streaming allows you to quickly spot any changes to a range of market assets. Forex Lines 7 Trading System EA Forex Lines – is unique trading robot (Expert Advisor) that monitors the market situation 24 hours/day and makes profitable trades for you. Just keep your Metatrader4 on all the time even if you are away or a sleep. This EA is designed to open one position only. Long or […]
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