Nice move from our favorite forex pair EUR/USD, after hit the daily high at 1.1349 the sellers stepped in and drove the euro back down to 1.1242, which now acts as a strong support, entering […]
How to trade GBP/USD Enough is enough and the fundamentals can’t change! Every single time since April, a break above the blue trend-line is followed by a break back below it. GBP/USD opened higher in […]
Strong short term support for EUR/USD at 1.11 The most favorite currency pair remains unable to gather traction on Monday, relegating EUR/USD to the 1.1100 neighbourhood the Wall Street open. Despite the prevailing selling interest […]
How to Draw Trend Lines If you want to draw an upward trend, choose two ascending low points and join them with a straight line to make an upward trend line. In a downward trend, […]
Trend Trading Forex traders who search for a method that is low maintenance while allowing for access to nice market moves usually turn to trend trading. Trend trading is a strategy that allows you to […]
What is Support and Resistance? What Does Support Mean? A support level is the price at which buyers are expected to enter the market in sufficient numbers to take control from sellers. The market has […]
It’s proved and highly recommended not to trade on Mondays or after holidays, when the market has recently awaken Respect your stop order and don’t move it “cherishing hopes” Running two or more open trades […]