Fibonacci retracement is a famous technical analysis tool traders use to identify potential support and resistance levels in a market. It is based on the Fibonacci sequence, a series of numbers where...
Category: Indicators
Forex traders often use scalping and 1-minute charts because they aim to make numerous small profits throughout the trading day, capitalizing on minor price movements. This strategy requires quick...
A Forex trader who has been using the MT4 platform for quite some time will be well aware that the MT4 is not equipped with any indicators by default. Traders have to select a set of indicators and...
Traders always look for the perfect time to enter or exit the market during a price movement. For this purpose, they have many indicators they can download and start using with their trading...
A 15-minute close price chart provides a balanced view of price movements, making it an excellent tool for identifying entry points in trading. This timeframe reduces the noise and false signals...
Traders often use 5-minute chart candles for short-term trading strategies like day trading and scalping, as they offer a closer look at price movements and trends within a trading day. This time...
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