Silver Channels Lower During 40% Downtrend
Silver has moved over 40% lower from its 2011 high. Prices falling off of channel resistance gives traders the opportunity to join the move.
Silver has moved over 40% lower from its 2011 high. Prices falling off of channel resistance gives traders the opportunity to join the move.
Oftentimes traders will greatly expand the scope of their charts to the point that they are viewing only a limited number of candles. While they have a very detailed view of a very few candles, they have lost the larger perspective on how the pair has been moving over time. This article will provide guidelines as to how much time to view relative to some of the more popular charting time frames.
The EUR/JPY has advanced nearly 100 pips since Wednesday. As price reaches resistance under 110.00 , traders can look for a break of an ascending triangle.
Before a trader decides to trade an ascending or descending trading channel, they must first determine that the channel is, in fact, valid. This article will illustrate how to validate the channel as well as provide a strategy by which the price action within the channel can be traded.
The EUR/JPY is quickly reaching resistance in a 2629 pip downtrend. The formation of a rising wedge has helped signal the potential for a fresh breakout to lower lows.
The currency market often sees many swings on the worlds' most often used currencies. This article will walk through the implications these movements can have on their economies.
Oftentimes after a currency pair has made a strong move in the direction of the trend, a retracement is likely to take place. Even though this a counter trend trade, many traders are willing to try this kind of entry. Here is one strategy that can be used.
Ichimoku is a popular trading system and indicator emanating from Japan. In this piece, we're looking at some of the more compelling Ichimoku trade setups for the week ahead.
The GBP/USD has moved over 300 pips in the last three trading sessions. Traders can look to update entry orders with the new short term trend direction.
While there are numerous strategies available to a trader to manage their trade, the trailing stop can be an effective tool. Here is a very simple, straightforward way to utilize a trailing stop in your trading.