Often you will see technical indicators classified into two categories: trending and non-trending (or oscillating). Practitioners divide technical indicators into these two categories because the trading signals produced by trending indicators are generally supposed to be more profitable during trending markets, and the trading signals generated by non-trending, or oscillating, indicators are supposed to be more profitable during non-trending, or flat, markets.
technical analysis for forexgen is a two-step process. First, we identify the current trend. Next, we sit back and wait until the market tells us it is a good time to jump in and take advantage of the current trend.Once you have identified the trend of the currency pair you are analyzing, you then need to identify those levels at which the trend has a high probability of stopping or reversing. To do that, you need to identify potential levels of support and resistance.
No comments:
Post a Comment