What is Price Action? Price action is the study or analysis of price movement in the market. Traders use price action to form opinions and base decisions on trends, key price levels and suitable risk management. Trend identification is frequently utilized as the initial step in price action trading. All other facets to price action indicators require a trend basis to begin price action analysis. Price Action as Your First ...
‘The trend is your friend’ We’ve all heard it, and it makes perfectly logical sense; but in practice, this advice is so opaque that it’s practically worthless. Because even if you’re on the ‘right’ side of whatever trend is showing at the moment, the timing and entry into that setup is likely what’s going to determine one’s success or failure on that individual trade. So, it’s not enough to just find the direction of the trend and then ‘hope’ that we’re right; we also have to find ...
US Dollar Forecast – Dollar Looks to Yellen to Turn Volatility into Trend, Will She Acquiesce? Indecision is a universal market theme. And, the Dollar has not escaped the sedation. A confluence of conviction and participation is proving exceptionally difficult to muster due to the growing sense of skepticism in fundamental value as well as the seasonal lull that we expect through the ‘Summer doldrums’. European Euro Forecast – Euro Traders Look to US Dollar for Next Major Moves ...
M5 price is located near and above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the ranging within the following key reversdal support/resistance levels: 1.0958 resistance level located above 100-SMA/200-SMA in the primary bullish area of the chart, and1.0923 support level located below 100-SMA/200-SMA in the primary bearish area. RSI indicator is estimating the ranging continion to be continuing. If the price will break 1.0958 ...
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