Category: Technical Analysis
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How to Trade The Hammer Candlestick Pattern
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The hammer candlestick is a single candle pattern in which the shape of the candle resembles a “T”. Its name can vary depending on a few factors. If it takes place after an extended selloff, some may call it a dragonfly. If the body of the candle is so small…
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How to Trade The Bearish Engulfing Candlestick Pattern
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The bearish engulfing is a candlestick pattern that technical traders use to identify an area of weakness. It involves a pair of candles, in which the second candle serves as a signal for technical traders to open a short, or close a long, right before the market begins selling off.…
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How to Trade The Bullish Engulfing Candlestick Pattern
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The bullish engulfing is a candlestick pattern that technical traders use as a buy signal. It involves a pair of candles that show a sudden rise in buying pressure. Technical traders use this as a clue to open a long, or close a short, anticipating a bullish run. What does…
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How to Find Support and Resistance in Forex Markets with Examples
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When it comes to technical trading in forex, support and resistance are among the most common terms you will hear. I would place support and resistance at the top, along with candlestick analysis, as some of the most powerful tools a technical trader has in their arsenal when tackling the…
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The Best Technical Indicators for Day Trading In Any Market
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One of the most common obstacles new traders face is choosing a technical indicator. They see a trader making money and immediately try to figure out what their charts and monitors are doing for them. “If I have the best indicators, day trading will be easy. But which indicator is…