People often hesitate when to enter the market, whether at sunset for foreigners or at night for Arabs. This is one of the difficulties I have faced a lot, as many do not know whether the market is in a downward or upward trend.
The truth is that technical analysis is not as difficult as some think, but apart from technical analysis, we must focus on understanding the movement of the currency and where it will reach, and whether it will fall or rebound.
In the attached image, we notice that the currency fell from a certain resistance area and then rose strongly, but now it has returned to the same resistance area. Here we must make sure that there is a new rise coming.
How to determine this rise? Through the candles on the chart, where the ribs appear at the bottoms, along with the circular shape shown in the first image. After the fall, the candles began to rise clearly, indicating the possibility of a new rise.
This is one of the methods of technical analysis, where we are able to identify resistance areas and contribute to making accurate buying decisions.
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