Forex terminology you must know

[MaxFx]

Bar Charts: The conventional graphic depiction of price activity.
The trading range is illustrated with a vertical line representing the high to low prices during a time period.
Open price is shown by a sholt horizontal line attached to the left side of a vertical line, the close is a horizontal line to the right side.
Price is represented on the vertical scale ofthe chart.
Time is represented on the horizontal scale
Blow-offs: A topping or bottoming acrion. Occurring at the end of an extended move.
Prices move sharply and rapidly in the direction of the current trend on high volume.
If the price reverses direction after this movement, a blow off has occurred.

Breakaway gap: When prices gap away from a technically defined area, such
as a congestion area or a trendline.

Breakout: The movement that pushes through a resistance level or a support
level.

Confirmation: When a move or an indicator substantiates the anticipated action resulting from another indicator.

Congestion area: Trading activity where the price movement stays within an
observable trading range for an extended period of time.

Consolidation: Trading in a range of the congestion area with the implication
that the rrend is resting and will resume the direction of the current trend.

Continuation patterns: A pattern that has been observed to indicate that the current trend will continue

 

[Asdlkj]

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[calvinzky]

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[mongtekken22]

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[ehussain]

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