What Is a Pullback in Forex and How Traders Use It
A pullback in forex is a short-lived price move that goes against the dominant trend before the trend resumes. In plain terms, when a currency…
What Is a False Breakout in Forex and How to Spot One
A false breakout (also called a fakeout) happens when price appears to break through a clear support, resistance, trendline or pattern, only…
What Is a Breakout in Forex?
A breakout in forex happens when price moves beyond a clearly defined area of support or resistance and then continues in that direction.…
What Resistance Means in Forex and How Traders Use It
What resistance is — the simple idea Resistance in forex is a price area where upward movement tends to slow or reverse because selling…
What is Support in Forex?
Support is one of the simplest but most useful ideas in technical trading. At its core, support describes a price area where falling prices…
What Is a Channel in Forex?
A channel in forex is a simple visual way to describe where price has been moving and where it may find support or resistance in the near…
What a Trend Line Is in Forex — and How to Use One
A trend line is one of the simplest and most widely used tools in forex technical analysis. At its core it is a straight line drawn on a price…
Line charts in Forex: what they are and how traders use them
A line chart is the simplest way to visualise a currency pair’s price history. Instead of showing every high, low or open during a period, a…
Bar Charts in Forex: What They Are and How to Read Them
A bar chart is one of the basic tools traders use to see how a currency pair has behaved over a chosen period. It condenses four important…
What is a Candlestick in Forex?
A candlestick is a way of drawing price on a chart that packs four key prices into a single visual object: the open, high, low and close for a…