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April 2022 - Forex Trading

How Reversal Patterns Work

Reversal candlestick psychology is one of the reasons why reversal patterns are such effective predictors of price reversals. Here’s why: In the above diagram, the bullish engulfing pattern has formed and the market is now moving up. The previous sellers (from the bearish candlestick) are now sitting on paper losses, and will be looking to…

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Economic Indicator Releases

In the world of finance, economic indicator releases are highly-anticipated events that are closely watched by the professionals. You should avoid trading during these periods (especially if you’re new), as they involve macroeconomic topics that most beginner traders are unfamiliar with. Important: All types of technical analysis (including candlestick analysis) is likely to be ineffective…

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Momentum

This is one of the most important concepts candlestick analysis, so pay close attention…   Now, what is price momentum? Price momentum is an approximation of the strength of a price move. As a start, we can gauge the momentum of a candlestick by the length of the real body: • The longer the real…

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Candlestick Analysis

Candlestick analysis is how you’ll gather evidence to support your trading decisions. This article is to teach you to understand and appreciate the ongoing “story” of the market, and to identify the evidence you need to make effective trading decisions. Once you understand how to properly interpret candlesticks, you’ll be able to enter and exit…

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