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If a reversal chart pattern forms during an uptrend, it hints that the trend will reverse and that the price will head down soon.. Conversely, if a reversal chart pattern is seen during a downtrend, it suggests that the price will move up later on.. In this lesson, we covered six chart patterns that give reversal signals. more


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16-07-2016 · Typically, forex pairs are quoted to four decimal places (0.0001). The ‘1’, four spaces after the 0, is what is referred to as a pip. The number '7' in red shows the decimal unit of a pip. If a trader buys GBP/USD for 1.6000 and then later on sells it for 1.6020, that's a difference of 0.0020 or 20 pips. more


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16-03-2021 · The Graph embraces support at $1.6, hinting at recovery toward $2. A falling wedge pattern points GRT to a potential 20% upswing. The MVRV is in the buy zone as recovery comes into the picture. The MACD comprehensive outlook shows that the consolidation will take precedence. The Graph extended the breakdown from the first week of March. more


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Forex charts can look drastically different depending on what options you want to use. Charts usually have settings for the display style of the price and the time frame that you want to view. Time frames can be anywhere from 1 second to 10 years, depending on the charting system. more


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Forex charts (example: Japanese candles, bar chart) serve as ground of technical analysis, and besides allow monitoring behavior of trading contracts by eye.We will now discover the following notions, which are often used for reviewing price charts: • open price – the price of the first transaction within the reviewed time interval; • close price – the last price for the present time more


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