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This is a question that crops up all the time. And the answer is simple: use both! Adopting both the candle extremes and the bodies allows market participants to pencil in a buffer, so to speak. Like support and resistance levels, considering a trend line as a definitive price point is a challenge. It should always be drawn in as an area. While an elaborate trading strategy may impress your family and friends, it is unnecessary to succeed.
That can be said for any market. For those involved in the markets for a while will already know keeping things simple is a MUST in trading. Both are relatively easy to apply and offer high-probability turning points. The only other point traders are urged to include is trend direction.
As you can see on the chart above, both trading opportunities were alongside the predominant trend. Folks who feel they need additional confirmation on top of this, however, may want to consider Fibonacci calculations, specifically the IC Markets, however, removes this element, offering a straightforward process from start to finish. IC Markets offers some of the tightest spreads in the industry, leverage up to , superior execution and to-the-pip pricing from tier-1 banks.
This means traders can obtain exposure to cryptocurrencies without the worry of security risks associated with storing it, and counterparty risk from the exchange. Below is a list of the associated ticker symbols along with minimum and average spreads:. IC Markets is revolutionizing on-line forex trading; on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals. View all posts by IC Markets. Information Hub for Serious Traders.
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Funding option. AUD - Australian Dollar. Payment process For faster processing we recommend that all account holders deposit funds into their trading account from inside their Secure Client Area.
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