A 50% retracement is a common level used in technical analysis to identify potential reversal or continuation points in a price trend. The idea is that after a significant price move, the asset may pull back or retrace about half of that move before resuming its original trend. Traders often use the 50% retracement level …
Determining where to place a take-profit order is a crucial aspect of trading, as it involves setting a predefined level at which you will close a winning trade to secure profits. The placement of take-profit levels depends on your trading strategy, risk tolerance, and market conditions. Here are some common approaches to placing take-profit orders: …
The forex market is open 24 hours a day, five days a week, starting from Sunday at 10:00 PM GMT (5:00 PM ET) with the opening of the Asian session, until Friday at 10:00 PM GMT (5:00 PM ET) with the closing of the New York session. However, it’s important to note that certain sessions …
