I’ve been learning forex for about 2 months, at the moment I’m practising trading pullbacks with Fibonacci and candle stick patterns, this set up shows a pullback to the 50% retracement level with lines up with previous resistance now acting as support.
#NZDUSD #TechnicalAnalysis ~~ This counter currently trying to form a #wedgeformation. ~~ Now, it has formed an #ascendingtriangle with in that & broken to move up further. ~~ Hence, we expect that it will be bullish upto the resistance line. https://traderpulse.com/forex-analysis-app/#pricing
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http://twitter.com/forex_in_world/status/1285037499350384640AUD/USD extends instantaneous toughen line damage below 0.7000 after PBOC’s space quo https://t.co/lhbpKkHtZP— FOREX IN WORLD (@forex_in_world) July 20, 2020
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The concept of Forex Trend Line Strategy is the same as support and resistance strategy but trend line is more unique in my opinion. You just need to connect two swing points, then you just made your own trend line. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Unfortunately, most forex traders don’t draw them correctly or try to make the line fit the market instead of the other way around. In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys).. This is known as an ascending trend line.. In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks). The Bottom Line . For traders—especially those with limited funds—day trading or swing trading in small amounts is easier in the forex market than other markets. For those with longer-term ... Forex news from ForexLive. The fastest Foreign Exchange market reporting and analysis. Live Forex and economic news. Technical analysis, headlines, Live quotes.
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