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Talking Points: Reversal setups can be dangerous due to the fact that the trader is expecting a change in momentum.Risk management is a necessity in reversals, as one ‘bad’ trade can wipe away the gain(s) from numerous others.We look at the Morning Star and Evening Star formation for trading reversals in this article. The evening star and morning star formations can be some of the most powerful reversal setups available to traders. In our last article, we looked at ...
Dollar’s Longest Run in Half a Century Hinges on Fed Decision Dollar momentum looks self-sustaining, and few things seem as if they could curb this move much less reverse it decisively. But, it just so happens that one of the most capable fundamentals cues is dead ahead. Euro Faces Volatility as External Factors Compound Onset of TLTRO The operative question for the Euro going forward is whether this precedes a period of consolidation before a reinvigorated push ...
First, before you can trade a price channel, you need to identify on your graph. This process can be done relatively easily using basic technical analysis. Traders should first identify and connect a series of highs and lows on your graph. Below we can see an example of this process on a EURAUD 4Hour chart. Notice how resistance has been formed by connecting the two previous highs to form a ascending line of resistance. Since resistance is rising, this means support should be rising as well as with ...
Talking Points: Volatility is the measurement of price variations over a specified period of time.Traders can approach low-volatility markets with two different approaches.We discuss the Average True Range indicator as a measurement of volatility. Technical Analysis can bring a significant amount of value to a trader. While no indicator or set of indicators will perfectly predict the future, traders can use historical price movements to get an idea ...
Talking Points NZDUSD is Current Range BoundR3 Support Sits at .8295Market Breakouts Signaled Under .8274 NZDUSD 30min Chart The NZDUSD starts the week supported going into the US session open. Currently price resides at range support, near the S3 camarilla pivot found at .8295. In the event price remains supported for the session, ...
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