Fueled by an ultra-easy Bank of Japan monetary policy and a combination of stronger U.S. economic data and rising interest rates, USDJPY has trended up strongly. The surge in USDJPY in November from ...
[I]This is another module in our series about how to use fibonacci analysis to identify support and resistance.[/I] [B]- Fibonacci fans work well in a trend - Fan lines can be used to identify entry ...
As I mentioned in a recent Charts in Play, flag formations are one of my favorite chart patterns to trade. These triangles generally represent continuation patterns or pauses in a major trend.
We've now discussed finding entry points, setting stops, and projecting initial profit targets in the previous lesson. I’ve found that it’s usually harder to decide what to do with the trade once you ...
At first glance, trading appears random. When you pull up a chart for the first time, it’s hard to imagine that there’s any order to the price action. However, over time, you begin to learn that some ...
In this trading strategy video presented by Nathan Bray from ACY Securities, introduces Strategy Number Two: the Simple FIB. This strategy is tailored for intraday traders seeking to align their ...
There are two primary ways to use Fibonacci analysis in trading cryptocurrency. One is to identify or confirm support or resistance levels, and the other is to help identify price targets. Often times ...
What is a Fibonacci retracement and why is it a popular choice when using technical analysis? Find out how to use Fibonacci retracements to trade with us. Fibonacci retracement denotes a type of ...
Ideally, when the market is in a downtrend, we should look for rallies up off of the lows to a resistance level as a selling opportunity. Conversely, when the markets are in an uptrend we should look ...