Fibonacci tool in forex is a technical analysis tool that is used to detect strong price levels and it is made by use of Fibonacci sequence. Fibonacci sequence is a natural pattern. As golden ratio in Fibonacci numbers is also…
Category: Learn Price Action
Fail to return forex and FTB forex
FTR in forex refers to fail to return. An important price action term used to do technical analysis of currency pairs in forex. Simply its mean, price broke an important level but failed to return from that level. It is…
True Meaning of Price Action Trading
Price action refers to the behavior of price (repeated patterns) over time. This simply called price action. Trading repeated price patterns in currencies are called price action trading in forex. For example, a pin bar indicates a reversal in price.…
What is moving average in forex
Moving average is an indicator that is used to determine trend direction. Add all the data points of a specific currency pair over a specified time interval and then divide a total number of data points. This is a simple…
What is Quasimodo Pattern in forex
Quasimodo is the most important price action as well as a trend reversal pattern. This is the ultimate indication of a trend reversal in price. Many successful traders trade the Quasimodo forex pattern because this pattern is an indication of…
Engulfing Pattern – A Price Action Pattern
This article is going to be very interesting for traders looking for price action strategies. Don’t confuse engulfing pattern with engulfing candle. The only difference between them is a difference in the timeframe. To master price action trading, learn the…
What is Compression in forex
Compression is the term every trader should understand. Reading the price is most important in the technical analysis of forex trading. Like if the price is changing at a fast rate then you must know the reason behind it. If…
How to read candlesticks?
This article is about reading a candlestick chart or how to read candlesticks in forex? Or how to master multi-timeframe analysis using candlestick patterns? Everything will be covered from beginning to advanced level. At the end of this article, you…