In general, it can be said that high trading volume for purchases of a foreign currency relates to the market price moving in the same direction. Equally, a high volume of sellers relates to the price going down. It isn’t an exact science, but it’s accurate in many cases.

As a result, our target 2 was never reached on this trade. Remember target 2 is set at a level that is equivalent to twice the length of the double Doji pattern. Instead, as the price reversed and move higher, our stop loss was eventually triggered, taking us out of the position. In this trade,… ادامه خواندن What The Doji Candlestick Pattern Reveals

The Aroon oscillator was developed by Tushar Chande. The Aroon oscillator is a trend based indicator that can provide clues on the strength of the current trend, and the likelihood of a continuation or reversal. The Aroon oscillator is comprised of two lines. The first is the Aroon up line, which is often shown as… ادامه خواندن Comparing Different Technical Oscillators – Forex Training Group

Now, after a handful of candles following the shooting star pattern which pushed the prices lower, the market once again begins to gain upward momentum. As a price moves into the resistance level, the market forms another bearish reversal candlestick pattern. This time it’s an Evening star. As we can see from the far left… ادامه خواندن Evening star Candlestick Patten Defined