Technical analysis

1. Introduction

Basic elements that involve making a trade decision using technical analysis.

2. Support & resistance

Among the most widely used methods by forex traders, support and resistance is a simple yet powerful tool.

3. Chart patterns

Common patterns that repeat themselves indicating potential future price movements.

4. Fibonacci

Based on the Fibonacci series, certain values in the series represent key price levels that are quite effective in forex trading.

5. Moving averages

One of the most popular indicators; it can be used in forex strategies to estimate price direction with some lag.

6. Pivot points

A great leading indicator to make short term trades; it can be used in trading ranges and break-outs.

7. Trading with Elliot Wave theory

Using wave patterns Elliot's theory helps identify future movements in the financial markets.

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