The trend reversal, or to be precise the exact point when the trend reverses, is the ideal moment to enter the trade. So many traders ask how to recognize it's coming? There is a candle pattern that forms at the top of the upward trend and it does indicate a potential reversal of the trend. It is called the bearish engulfing candlestick pattern. The good news is the bearish … [Read more...] about How to Use Bearish Engulfing Candlestick Pattern
How to find reliable support and resistance levels at Olymp Trade
The levels of support and resistance are of great help for traders. Once they are drawn on the chart, of course. And drawing them is not always such an easy task as one can think. The support and resistance to be reliable, have to be marked correctly. In this article, you will learn about a few good methods to identify the support and resistance levels on the Olymp Trade … [Read more...] about How to find reliable support and resistance levels at Olymp Trade
How to draw and trade support and resistance levels on Olymp Trade
The significance of support and resistance levels is huge for traders who depend a lot on technical analysis. Lines of support/resistance levels help to determine when the price fluctuates over a certain period of time. Thanks to knowing these two levels, a trader can easily recognize the potential points of trade entry. Also, he can predict the trend … [Read more...] about How to draw and trade support and resistance levels on Olymp Trade
Guide to choosing an asset with a high rate of return at Olymp Trade
Every trader dreams about spectacular success. But before it happens, there are few things one needs to do. The very first thing is to choose the asset. In this article, I want to cover choosing the asset with a high rate of return at Olymp Trade. The return should be high enough to cover operational losses and ideally, allow you to make a profit. Target currency pairs with … [Read more...] about Guide to choosing an asset with a high rate of return at Olymp Trade
How to trade using Price Action
Many various ways of trading exist. Traders can choose, among others, from following the trend, observing the colors of the candles on the chart, or using Price Action Trading. We will take a closer look at the latter in this ultimate guide. Although Price Action trading is usually associated with currency trading, it can be successfully applied in any other market. Price … [Read more...] about How to trade using Price Action
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