Forex Technical Analysis Basics

With technical analysis, traders will find it easier to recognize the character of price movements in the forex market. The more traders master technical analysis, the more traders will be able to recognize the extraordinary profit opportunities that are stored in price movements, whether when prices go up or down, traders can still make profits. Technical analysis studies the price patterns of an asset. Of the many ways to identify patterns, below are some of them that attract the most attention of traders.

Candlestick Pattern

Candlestick charts are a pillar of technical analysis. Candlestick patterns show opening and closing levels, highs (highs) and lows (lows) for a certain period of time. Thus, candlesticks are the most effective way to describe price movements.

Graphic Pattern

When observing the chart, the trader can understand whether the direction of movement of a certain trend will continue as it is currently happening or reverse. This is what is known as a combination chart pattern of support and resistance lines, which can help traders predict the direction of the next movement. These patterns are divided into two groups:

Continuation pattern:

- triangle

- wedge

- Flags, etc.

Reversal Pattern (Reversal):

- Head and shoulders

- Double Top

- Double Bottom, etc.

Price Moves in a Trend

Price movements tend to move in a certain direction (trend) until one day the trend will end. The direction can be up and down, or just flat. By knowing market trends, traders will be able to make the right decisions.


Note:

For further information, you can call 03315106055.
FREE Trading soft copy material! Text 081258066174 on WhatsApp.
More information about paid premium class (guided forever until get consistent profit and independent), kindly visit our website at www.wijayatrading.com 

Comments

Post a Comment

Popular posts from this blog

Tingkatan Seorang Trader

Image
Sebelum menjadi trader sukses, perlu dipahami bahwa ada berbagai macam tingkatan trader forex yang harus dilalui. Tingkatan-tingkatan tersebut biasanya dibedakan dari beberapa kriteria. Jika dilihat dari pengalaman, pengetahuan, cara berfikir, dan sikap mentalnya, seorang trader dapat dikategorikan dalam 5 tingkatan. Trader Pemula Seorang trader pemula pada umumnya masih merasa asing terhadap pasar forex. Trading forex dianggap sesuatu yang baru dan mungkin agak unik atau mengasyikkan. Mereka cenderung ingin mengetahui segala hal yang berhubungan dengan trading dan pasar forex dengan cepat dan instan. Baik analisa fundamental maupun analisa teknikal dipelajarinya dengan cepat. Trader pemula selalu mencari dan mempelajari cara-cara yang gampang, sederhana, dan segera dapat digunakan untuk trading. Pada umumnya, mereka mengharap profit besar dari trading forex. Trader Profesional Dari sebutan "profesional" yang disandangnya, memang profesi utama trader di tingkatan ini adalah t
Read more

SNR, BEST TRADE STRATEGY!

Image
SNR (Support and Resistance) is fairly popular in the world of forex trading. This is one of the most frequently used techniques in technical analysis. Without it, traders will experience difficulties and even lose in carrying out trading activities. The support point is the point which is believed to be the lowest point of an asset in a certain period. While the resistance point is the point that is believed to be the highest point of an asset in a certain period. In simple terms, support and resistance are likened to the two most discussed attributes in analysis where support is a level that has the potential to withstand price declines. Meanwhile, resistance is a level area that has the potential to hold back price increases. These levels are used to determine whether the price will continue or reverse. Basically, SNR aims to find out the right area when taking a buy or sell position and determine the target price movement. The support area is generally an area used as a reference f
Read more