With reference to guidance and resistance for rate motion. I see all your posts point out the day-to-day is the best timeframe to use with regard to clearer candlesticks and so forth.
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As being the name implies, a narrowing wedge occurs when rate motion receives “squeezed” by assistance and resistance. Since the pair has no preference but to at some point split out, we phone this a terminal pattern.
Ur article content hve been concise, incisive and a watch opener. I will love to knw if a confluence is also a resistance and aid?
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The important thing Here's to find a pair that is definitely trending. It's also wise to spend shut interest to The placement of guidance and resistance prior to determining to execute a trade.
Thanks for this practical info. Be sure to I'd love to understand how to trade gaps to my own advantage. Specially on weekends
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