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1# Ascending Trendlines Ascending trendlines are a line that shows price moving in a bullish trend. These trendlines are formed by connecting consecutive higher lows in the market and are also seen as a form of support. Specifically, dynamic support as they are not horizontal. It is then a good place to look for potential buy/long trades from our ascending trendlines. Trendlines, like support need to be confirmed and so we are looking for multiple
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Support is a term we use in forex to define an area that price has failed to push below and usually results in a movement up. With this in mind support is a good are to look for potential buy/long trades. In order to find high probability areas of support we want to look for a region that has been tested multiple times by price to confirm the validity of this support area. Let’s take
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Fibonacci is everywhere. It is in nature, it is all throughout our world. The Fibonacci sequence is a series of number in which the previous 2 are added to make the next number in the sequence. For example, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 are the first 10 numbers of this sequence. Fibonacci also provides ratios and these ratios are used in forex in the form of a Fibonacci retracement. When
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October 24, 2019

What is NFP? And WHY?

NFP – The Most Well-known Forex News Event But, Do You Know What It Means? In this issue of the Celestial Trading Tools Educational Blog we will be taking a look into the widely known fundamental release known as Non-Farm Payrolls or NFP for short. This fundamental release is typically released on the first Friday of every month at 13:30 GMT. What is NFP? Before we take a look at any data releases, we need
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October 24, 2019

The Brexit Effect

Brexit – How to Trade Around the Storm? In this issue of the Celestial Trading Tools Educational Blog we will be taking a look into Brexit, probably the most talked about political event over the past few years, what it is, what it means for us traders and how we can trade around the storm within the market caused by this huge uncertainty. What is Brexit? I’m sure you all have heard of Brexit by
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