Categories: Forex robot reviews

Finding the Right Support & Resistance Indicator

A Support and Resistance Indicator Forex is a popular trading approach used by traders when trading in the ever-volatile forex markets. An indicator of this type seeks to identify areas where the price of a currency is expected to move within a certain range, and areas in which it may break out of this range. These levels of support and resistance are determined by analyzing past prices and looking for levels where the market has had difficulty continuing lower or higher. Properly used, this indicator can help traders identify when to enter and exit trades, as well as where to place stops.

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Categories: Forex Trading

How to Change Drawing Tool Settings in TradingView

TradingView has recently added a new feature that allows forex traders to customize their drawing tools when creating charts. This gives traders the ability to access advanced features that can help them better analyze and interpret their charts. Users can now decide which drawing tools are available per chart, change a tool’s visibility or opacity, adjust their color or line thickness and even add new tools. Having this degree of control over your charts can help traders customize their technical analysis and make informed trading decisions.

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