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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 26 November 2023 What Does the Term ‘5-Bar Validation’ Mean in Reference to Forex? The term ‘5-bar validation’ is a technical analysis tool used by traders to analyze the price action of a currency pair. It is based on the concept of validating price movements with five consecutive bars or candles. This tool helps traders identify possible trends and make informed decisions about their trades. In forex trading, 5-bar validation is used to determine whether a trend has been established or not. The idea behind this technique is that if five consecutive bars or candles show a price increase, then it can be assumed that there is an uptrend in place. Similarly, if five consecutive bars or candles show a price decrease, then it can be assumed that there is a downtrend in place. The 5-bar validation technique requires traders to look at the...
AI Hub 1 August 2023 What Is the Definition of a Pivot Point in the Forex Market? Pivot points are technical analysis indicators used by traders to identify potential support and resistance levels in the forex market. They are calculated using the high, low, and closing prices of a currency pair over a given period of time. The pivot point itself is simply the average of these prices. By plotting these points on a chart, traders can easily identify areas where price may reverse or pause its current trend. In the forex market, pivot points are used to identify key levels that need to be broken for a trade to be profitable. These levels act as support and resistance areas that can help traders determine when to enter or exit trades. For example, if the price breaks above the pivot point, it could indicate an uptrend is...