Trading Forex Tips for Beginners: Practical Steps to Start
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In this bullish setup, price first collects liquidity around the lows, then respects ascending trendline support. A bullish BOS follows, suggesting that buyers may still be in control. Instead of chasing the move, Fibonacci Extension helps project the next potential higher-high target. We then use Fibonacci Retracement to identify a possible pullback zone where the correction could end. When price reaches that area and shows a bullish reaction, a long entry can be considered. The next higher hig
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In this bullish setup, price first collects liquidity around the lows, then respects ascending trendline support. A bullish BOS follows, suggesting that buyers may still be in control. Instead of chasing the move, Fibonacci Extension helps project the next potential higher-high target. We then use Fibonacci Retracement to identify a possible pullback zone where the correction could end. When price reaches that area and shows a bullish reaction, a long entry can be considered. The next higher hig
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