the following chart. Pillar 2 - Bullish Trend, this is a simple item to identify on the chart, and as a retail investor, you are likely most familiar with this formation. We can see two obvious bullish pin bars that formed near a key support at 1307 area. Spinning tops, spinning tops consist of candlesticks with a small body that can be either hollow or filled. When it appears at the top of an uptrend (filled body it is known as a hanging man. Support AND resistance lines A support trend line connects the lowest price points for a currency pair and shows the recent levels to which the rate dropped before bottoming out and rebounding. The morning is where you are likely to have the most success. Measure the Swings Notice how FTR over a 10-month period experienced many swings. . Currently, we are in a structured market that is respecting key levels, trending well and signals are forming with price moving in the direction of the signal more often than not. Over the long haul, slow and steady always wins the race. A world where traders pick simplicity over the complex world of technical indicators and automated trading strategies.
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