Technical Analysis Stages Until Entry

Technical analysis is considered to have more tools than fundamental analysis. However, because it is quite difficult to use, it requires a deep understanding to be able to use it properly. Generally, technical analysis users are traders who want to take advantage of price fluctuations to make a profit. Technical analysis can be used on all financial products that have price data. Starting from stocks, forex, commodities, futures, and so on. These are the stages of technical analysis to entry:

Trendline

Trendline is one of the basic tools that is important to know to help traders recognize the potential profit in forex trading just by drawing a trendline.

SNR level

Understanding of support and resistance is very important to be able to mark the location of prices that may experience significant movements.

Range

Range is the difference between the minimum and maximum prices of an instrument. During a certain period. The range trading strategy is the simplest alternative strategy to do. With the prediction of prices that tend to return to the long-term average that will occur. When the market is moving fast or strong, to determine a turning point or reversal, the first thing needed is support if it moves downwards.

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