When the trade in financial markets, very often you hear the “bull market” phrase, or sometimes the “declining markets”. Although the exact origin of these two expressions is discussed, the importance is quite simple. “Bull Market” is when a financial instrument is oriented in the way upwards. In other words, people will buy it. On the other hand, “declining markets” is when a financial instrument is oriented downwards in a sense, because the people selling it.
Of course, these are the basic definitions of these two markets. There are other ways to discern which type of market you have, instead of these generic terms. Investors should use several different indicators or criteria of paper or less formally called the market “bull market” or a “bearing of market”.
The simple way of using moving averages for the representation of general trend. Generally, when the merchants are doing this to transform the way they want to use a slower moving or greater period moving average to determine the direction. For example, if you are using a moving average 200 days to determine whether the overall trend is up or down. The idea behind this is that slower than the moving average 200 direction will be changed greater much slower comparing to a faster another one. Trend is identified by the general slope of the moving average. Other words, if it goes from lower left to upper right, we are in an uptrend. Of course, he works in the opposite direction.
Another common way of determining whether we are in a container on the market or your market is used of weekly trend lines is to Support and resistance zones move along the diagonal of the table shows that the direction of the market once it goes hand in hand. A longer period of the table, the most reliable of these trend lines to be. A trend line of the most reliable for use is the one that shows a 7 days chart. It occurs because of taking a lot more information to the extent that the operations in order to boost prices on everything will be up or down.
Even if it does not really matter if you call the market “bull market” or looking up, you must know that they all are phrases which are used for most traders. It is simply a function of language. Just like any other life working in the Forex world has their own language, which all the actors speak in order to transmit information between them. Now that you know what the market is bull and bear markets, you have the basic understanding of some of the jargon that you speak. *
The price down well and reach the target profit of a few hours later. The stop-loss was just over 20 pips and profit target was 80 pips.
1. Fibonacci levels are applied in both directions in the long term and short term.
2. Fibonacci can be exchanged with other indicators and other chart patterns.
3. The Fibonacci retracement level of 88.6%, trade is very strong in isolation.