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XVG

Symbol for Verge cryptocurrency.

Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on XVG

Bullish Rectangle

The rectangle graphical pattern serves to confirm the direction of an existing trend. The bullish rectangle is formed in an uptrend and indicates high probability of continuation of the asset price growth.

Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Bullish Rectangle

Bullish Engulfing Pattern

A reversal trading pattern that typically occurs after a signifcant downtrend. It occurs when a small bearish candle is engulfed by a large bullish candle. This signals a possible reversal. Ignore the wicks. An even stronger signal occurs when the bullish candle engulfs the bodies of two or three previous candles.

Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Bullish Engulfing Pattern

Bull

A trader or an investor who acts with the belief that the market and prices on a certain financial instrument (currency pair, stock, etc.) will rise. Bull opens buy trades (long position).

Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Bull

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