Intro to Technical Analysis – Chart Walkthrough

Generally, the time scale defines the length of each candle. Here, it means that every candle we’re looking at describes […] minutes of movement in the market:

Suppose the dollar is climbing a bit higher, dropping a bit lower, climbing a bit higher, dropping lower, and at some point, it begins dropping significantly in a formation that we can’t describe yet, with the tools we have. That’s a major part of the:

Another essential thing worth highlighting regarding technical analysis is that […] of the time, the market fluctuates:

One of the basic instruments of technical analysis is:

When we are placing specific boundaries in terms of the price, it means that the market was moving between particular price rates that represent the value between the chosen currencies:

The strategy where the market breaks a specific structure and channel is called:

The position of supporting indicators in the decision-making task is to support or rule out trading ideas we established based on the chart itself and not the other way around, where traders trade blindly on a trade signal based only on the indicators:

RSI stands for the following:

We’re using the RSI to:

Using the RSI instantly defines the direction of getting into an inner psychological debate, who’s dominant in the market for the time frame we are analysing, whether the buyers or the sellers, the bulls or the bears, the long positions or the short positions: