EXAMPLE ON HOW PRICE CHANGING BEHABIOUR / EURCAD /1W (CASE ONLY)
Market moves in Trends
1)Uptrend
2)Downtrend
3)Sideway Trend
These trends could be generated by the policymakers (Central Bankers)of respected currencies, Politician's decisions , Geopolitical Situations, Elections, Referendums, Reports, Surveys,Natural Disasters, Etc.
Price could move in million ways. But certain cases of pattern repeat. "History Repeats".
This is simple a idea how price is changing in different conditions. These trends could happen in even in 1minutes charts or even in large time frames. Our duty as successful trades is to identify these patterns before they happen. Specially rates and inflation and political situation majorly affect a countries' currency.
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1)Uptrend
2)Downtrend
3)Sideway Trend
These trends could be generated by the policymakers (Central Bankers)of respected currencies, Politician's decisions , Geopolitical Situations, Elections, Referendums, Reports, Surveys,Natural Disasters, Etc.
Price could move in million ways. But certain cases of pattern repeat. "History Repeats".
This is simple a idea how price is changing in different conditions. These trends could happen in even in 1minutes charts or even in large time frames. Our duty as successful trades is to identify these patterns before they happen. Specially rates and inflation and political situation majorly affect a countries' currency.
If you think this post is useful press a like
Thanks Shyamal