The four important prices for any forex trading chart are: high, low, open, and close. Western charts generally portray these prices through the use of solid bars, with the upper and lower edges representing the high and low, respectively, and the open and close indicated by horizontal “arms” to the left and right. For an […]

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The ability to determine a breakout’s direction after consolidation is completed can give forex traders an edge over the market.
In forex trading, the candlestick pattern known as consolidation occurs when a trend loses momentum. Sometimes momentum is lost due to profit taking, when traders exit the market to lock in their winnings. In this case […]

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