
Doji. Doji candlesticks have the same open and close price or at least their bodies are extremely short. A Doji should have a very small body that appears as a thin […]

Marubozu. Sounds like some kind of voodoo magic, huh? “I will cast the evil spell of the Marubozu on you!” Fortunately, that’s not what it means. Marubozu […]

Basic Japanese Candlestick Patterns. Let’s take a look at basic Japanese candlestick patterns. What do spinning tops, marubozus, and dojis have in common? They’re all basic […]

What is a Japanese Candlestick? Let’s take a look at what is a Japanese candlestick. While we briefly covered Japanese candlestick charting analysis in the previous forex lesson, […]

Japanese Candlestick Anatomy. Let’s break down the different parts of a Japanese candlestick anatomy. Sexy Bodies Just like humans, candlesticks have different body sizes. And when […]

Reviewing Support and Resistance. Let’s continue reviewing support and resistance. Support and Resistance Can Reverse Roles Another thing to remember is that when the price passes […]

Summary: Trading Support and Resistance. Let’s summarize trading support and resistance. In the previous lessons, you learned about trading support and resistance. Let’s review what you’ve learned. […]

Trading Support and Resistance. Let’s examine more on trading support and resistance. The Break In a perfect world, support and resistance levels would hold forever, politicians […]

How to Trade Support and Resistance. Now that you know the basics of how to trade support and resistance, it’s time to apply these basic but […]

Types of Trend Channels. There are three types of channels: Ascending channel (higher highs and higher lows) Descending channel (lower highs and lower lows) Horizontal channel (ranging) Some traders […]

Trend Channels. If we take this trend line theory one step further and draw a parallel line at the same angle as the uptrend or downtrend, […]

Types of Trends. There are three types of trends: Uptrend (higher lows) Downtrend (lower highs) Sideways trend (ranging) Here are some important things to remember using trend lines in forex […]

Trend Lines. Trend lines are probably the most common form of technical analysis in forex trading. They are probably one of the most underutilized ones as well. If drawn correctly, […]

More Support and Resistance. Let’s close on more support and resistance. When the price passes through resistance, that resistance might become support. The more often price tests […]

Breaking Support and Resistance. So how do we truly know if support and resistance were broken? There is no definite answer to this question. Some argue […]

Plotting Support and Resistance Levels. Let’s take a look at plotting support and resistance levels. One thing to remember is that support and resistance levels are not […]

What is Support and Resistance? “Support and resistance” is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea […]

The 3 Types of Charts. Let’s review the 3 types of charts. Putting It Together There are several different price charts that traders can use to […]

Bar Chart. A bar chart is a little more complex. It shows the opening and closing prices, as well as the highs and lows. Bar charts help a trader see the price range of […]

Types of Price Charts. Let’s take a look at the three most popular types of price charts: Line chart Bar chart Candlestick chart Now, we’ll explain […]

What does a price chart represent? What does a price chart represent? A price chart depicts changes in supply and demand. A chart aggregates every buy and […]