A throwback occurs after the price breaks through the resistance line on a chart. A throwback is the opposite of a retraction.
Trading Strategy
‘Three white soldiers’ is a bullish candlestick pattern used to predict the reversal of the current downtrend. It consists of three consecutive long candlesticks that open within the scopes of the previous candle's body and a close that exceeds the previous high.
A trade war occurs when one country reciprocates another country by raising import tariffs or placing other restrictions on the opponent’s imports.
A troy ounce is a measurement unit used for weighing precious metals. It dates back to the Middle Ages and is equal to 31.1034768 grams.
Time in force is an instruction used upon putting down a trade to state how long an order will be active before it is executed or expires.
Tactical trading is an investment style short term trades based on anticipated market trends. It usually involves taking long or short positions in a broad range of markets.
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