On the H4 time frame, the GBP/USD pair created a bullish candle after hitting the 1.2685 support level but has since resumed its downward movement. This suggests that the price is currently in a bearish trend. Over the past week, the price has been...
Analysis of the Uploaded Chart Chart Description: The uploaded chart displays a candlestick pattern with Fibonacci retracement levels, which are used to identify potential support and resistance levels. The key features observed in the chart...
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What is Spinning Top candlestick pattern In the world of candlestick trading, there are numerous patterns that traders use to identify potential trading opportunities. One such pattern is the Spinning Top candlestick, which is a versatile and...
H4 Hour Time Frame Outlook: The USDCAD pair appears to have entered a bullish trend condition because the EMA 50 successfully crossed SMA 200 perfectly. Apart from that, the crossing of the two Moving Average lines also gave rise to a death cross...