forextra: What are Forex Indicators?
A forex trader is always looking at the best point to enter a trade and to exit one.
As a trader studies the charts, he or she looks for ways to identify points at which support floors or strong levels of resistance will appear.
Sometimes prices range, and move from a clear point of support to resistance and back again.
In other markets, called “trending markets,” there is steady movement higher or lower.
It is critical to understand exactly what constitutes a trend.
What is an uptrend? It is a market in which each successive high is higher than the…