Stop orders should be placed above the current resistance line in case price breaks up to higher highs against our entry. In the example below, our stop resides above the July 2012 high at 1.3075.

As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...

Looking closer at the AUDUSD Weekly graph we can see the creation of a symmetrical triangle pattern. To identify this pricing pattern, we first need to identify the graphs current support and ...

In this webinar recording, we assessed a popular corrective pattern in Elliott Wave Theory called the triangle. We looked at idealized shapes of the patterns, rules and guidelines in how the patterns ...

Choppiness: Gold priced in USD has been in a choppy market particularly since the May low near 1338. The market has found resistance around 1422, but in the 4H chart, we see price holding under the ...

John Kicklighter has deep experience in forex analysis and writing. He co-created the FXCM Power Course options trading course. Thomas J. Brock is a CFA and CPA with more than 20 years of experience ...

Andrew Michael is a former Deputy Editor at Forbes Advisor. He is a multiple award-winning financial journalist and editor with a special interest in investment and the stock market. His work has ...

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