Forex Trading

One of the most significant drawbacks of the Evening Star pattern is the possibility of false signals. A false signal refers to a situation where the pattern appears to predict a bearish trend reversal, but the bullish trend continues instead. However, the small or doji candle that follows signals uncertainty,…

As such, you are now somewhat limited in what you can do should a favorable setup arise on a more liquid pair such as the EURUSD or the USDCAD. As you know from the currency tables above, that’s the South African rand versus the Japanese yen. However, if you trade the exotics…