Stop orders should be placed above the current resistance line in case price breaks up to higher highs against our entry. In the example below, our stop resides above the July 2012 high at 1.3075.

As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...

Looking closer at the AUDUSD Weekly graph we can see the creation of a symmetrical triangle pattern. To identify this pricing pattern, we first need to identify the graphs current support and ...

Triangle pattern trading is a strategy many day traders use to enter and exit their positions with confidence as prices stabilize. Triangles are a continuation pattern, meaning they’re not marked by a ...

Hans Daniel Jasperson has over a decade of experience in public policy research, with an emphasis on workforce development, education, and economic justice. His research has been shared with members ...

In this webinar recording, we assessed a popular corrective pattern in Elliott Wave Theory called the triangle. We looked at idealized shapes of the patterns, rules and guidelines in how the patterns ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has a demonstrated ...

Forex trading can be complicated and risky, but it can also be lucrative without requiring a large initial investment. Many, or all, of the products featured on this page are from our advertising ...

Choppiness: Gold priced in USD has been in a choppy market particularly since the May low near 1338. The market has found resistance around 1422, but in the 4H chart, we see price holding under the ...

Individual investors are increasingly trying their hand at foreign exchange trading, also known as forex or FX. No longer reserved for global corporations and institutional traders, forex trading can ...