The Indian market finally broke its six-week losing streak and closed in the green, with the Nifty50 rising more than 1% for the week ended August 14. Last week, we had highlighted August 12 as a date to watch for a potential trend shift — and the market played out exactly in line. On that…
Reading an order book might seem tricky at first, but once you understand the basics, it becomes a powerful tool for analyzing the market. Think of the order book as a scoreboard showing all the buying and selling interest in the market in real time. Here’s how it works: Understanding Bids and Asks:The order book…
Smart_Money_Scanner is a comprehensive scanner that scanners the forex markets in real time to find low risk, high reward trading entries based on Smart Money Concepts. Below are the more detailed information about its main features. 1. Open the Smart_Money_Forex_Scanner_Monitor Indicator by dragging it onto the chart. 2. Right click on the chart, click the “Indicators List”,…
Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. If price…