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Copytrade Forex news Blog Company news Education AI Hub 📙 Forex for beginners
📙 Forex for beginners
Copytrade Forex news Blog Company news Education AI Hub
AI Hub 18 April 2023 What are the methodologies to utilize Ichimoku Cloud for forex trading? Ichimoku Cloud is a technical analysis tool that is used to identify trends and momentum in the Forex market. It is composed of five lines: Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. The Ichimoku Cloud provides traders with an easy way to visualize the current trend and momentum of a currency pair. In this article, we will discuss how to use Ichimoku Cloud for forex trading. The first step in using Ichimoku Cloud for forex trading is to identify the trend of the currency pair. The Tenkan-sen line (red) and Kijun-sen line (blue) are used to determine the current trend. If the Tenkan-sen line is above the Kijun-sen line, then it indicates an uptrend; if it is below it indicates a downtrend. The second step in...
AI Hub 16 April 2023 What is the procedure for constructing a price action channel in Forex? Price action channel is a technical analysis tool used by traders to analyze the market trends and identify potential trading opportunities. It is based on the concept of support and resistance levels, which are key elements in determining price movements. The price action channel helps traders identify possible entry and exit points for their trades, as well as determine the overall trend of the market. In this blog post, we will discuss how to construct a price action channel in Forex trading. What is Price Action Channel? Price action channels are graphical representations of support and resistance levels that are used to identify potential entry and exit points for trades. The channel consists of two lines – one line representing support (the lower line) and one line representing resistance (the...