Remember we have two forms of trading which are fundamental and technical. We‘ve been discussing the former ever since, now is the time to move to the latter. If you’ve greedily emptied your kunu/zobo that’s meant to last you this class, now is a rare opportunity to refill your cups.
2. TECHNICAL ANALYSIS
This form of trading is when you analyse the market using candlesticks, chart patterns, order block, fair value gap, break of structure, change of character, Fibonacci, liquidity pool and other trading strategies.
When you use any of the above to analyze the market, It’s called Technical Analysis.
Majority of what is listed on the course outline are Technical Analysis, it’s the most popular form of trading. This is because high volatile news is not released everyday so you can’t just depend on fundamental analysis alone.
As a Forex Trader, you must learn how to trade the market using Technical Analysis when the NFP is not available as this makes you a complete Forex trader.
Fundamental and technical analysis both go hand-in-hand and when used together, we achieve high probability setups.