Forex Blog

Redrawing indicators in the foreign exchange market

The basic concept of the strategy is a gradual, relatively smooth build-up of positions: we increase deals as the price moves in favour of the player.

Redrawing indicators in the foreign exchange market

Andrews pitch and trade using these market instruments

Andrews' pitchfork is used to build the main price channel on the trend market, and also to divide it into two parts. The lines that are created based on pitchforks demonstrate nothing less than support and resistance, showing the degree of probability that the price will depart from the line and go beyond the price corridor.

Andrews pitch and trade using these market instruments

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