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Candlestick patterns are like clues left behind by the market. Each candle is a clue about who’s winning: buyers or sellers. Here’s the basic cheat sheet you should always remember: Big solid bodies ...
GBP/USD regains traction above 1.3300 in the European trading hours on Tuesday. Markets remain on the edge amid Trump's ...
Candlestick patterns offer visual cues for ... Other key patterns that swing traders use include the hammer and inverted hammer, the shooting star, doji, and the morning and evening stars.
Last week, we noted EURUSD price action had presented an inverted hammer candlestick, signaling a possible bearish reversal. That view has now been confirmed - the pair tumbled the following day.
GBP/USD seems to have ended Monday’s session with an inverted hammer candlestick - a potential sign of a positive reversal - just ahead of this week’s key FOMC and Bank of England (BoE ...
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