Forex Trading

The Bullish Counterattack Line candlestick pattern is formed by two candles. The Three White Soldiers candlestick pattern is formed by three candles. The Bullish Engulfing candlestick pattern…

A very long red body indicates aggressive selling (fear), and a long green body indicates strong adoption (optimism) in a market. The best way to learn to…

However, any consolidation is ending, and the lack of bullish sentiment favors the breakout pushing the prices down. Any sellers who have been holding back will jump…

The bearish pennant pattern is considered complete when the lower boundary is broken, indicating a continued bearish trend. This is generally accompanied by a surge in trading…

One of the patterns traders look for when considering short selling is the bear pennant pattern. It is formed when there is a large movement in the…

News of a groundbreaking product release could trigger a breakout above the upper resistance level. Technical traders might have been waiting for this signal to buy, while…

This can signal the start of a new trend or the continuation of an existing one. The anticipation and reaction to these breakouts are deeply rooted in…

Bear flag pattern books to learn from are Technical Analysis Of The Financial Markets by John Murphy and Encyclopedia of Chart Patterns by Thomas Bulkowski. Bear flag…

This retest acts as a resistance and confirms that the breakout is valid. Set a stop-loss order above the flag’s upper trendline to limit potential losses if…