Forex Beginner Guide

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Forexbeginnerguide.blogspot.com news digest

  • 10 years

    USDCAD Short Position @ 1.0825-1.0845

    The USDCAD has rallied as visible in this 4-hour chart (H4). This currency pair has formed a bump-and-run formation which is a bearish chart pattern as marked by the light red triangle in the above chart.
    Click to enlarge picture.
    We expect the USDCAD to correct back down to its support zone which is marked in light blue in the above chart....

  • 10 years

    Bearish Falling Three Methods Candlestick Pattern

    The Falling Three Methods pattern occurs in a bear market, where during a downtrend the market rests before resuming the trend. The bearish trends break is reflected by small candles that all stick to a strict market range formed by the aggressive move...

  • 10 years

    Bearish Downside Tasuki Gap Candlestick Pattern

    Like so many moderate strength formations, candlestick analysts like to see additional confirmation. This confirmation of continued bearish trend could come in the form of another red candle upon day four.
    Direction: Bearish
    Type: Continuation

  • 10 years

    Bearish Three Line Strike Candlestick Pattern

    So long as the previous downtrend is an established one, candlestick analysts view this formation as a sign that the downtrend may still continue.
    Direction: Bearish
    Type: Continuation

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