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Appreciation is when a value of a currency pair increases, it said to be appreciating. This is likely to be because of the underlying economic dynamics of that specific country: either political stability, positive economic outlook, social related issues. The overall economic well being will be the determinant of either an appreciating currency value or a depreciating one.


Ascending triangles

Ascending triangles is a Bullish continuation pattern that accurs midway a Bullish Market. It is formulated when the market reaches some sort of resistance, though the market at some point seems as if it cannot break above that resistance, however one will notice though that market keeps making higher lows consecutively. This indicates that the momentum is increasing although the price gets resisted at the top but the sellers cannot push it much lower than the previous low as a result of buying power, thus the market making higher lows consecutively. This formation gives the impression that the Triangle is ascending due to the higher lows the market keeps on making.



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Bar chart

Bar charts show more information than line chart, basically each bar represents the opening price and the closing price of that trading session as well as the high and and the low of that trading price (the highest and the lowest price the market had reached during that trading session).


Base currency

A base currency is the first currency on the left-hand side on the currency conversion table. Normally the currencies are traded in pairs, so the first currency on the left-hand side is always the base currency. For instance, EUR/USD, the EUR is the base currency and the USD is a quote currency. So when one is buying the EUR/USD they are buying the EUR to be exact and selling the USD simultaneously. By so doing one is betting that the EUR will be stronger than the USD. However when one sells the EUR/USD, they are betting that the EUR will weaker than the USD.


Bear trap

Bear trap occurs when the market breaks below a significant support giving the illusion that the prices will drop further, Generating a sell signal for break out traders, who will then learn that the market was only testing the support and has not really broke it. It is called a "bear trap" because it gives of the impression that the market has broke the support but only to find that it was only testing it, because it then reverses.

Forex slang


Bearish refers to any downward move, or market where there is excess selling, typically indicating that prices are dropping/decreasing. For example, a Bearish Market would refer to a downtrend

Forex slang

Bollinger bands

Bollinger bands is an indicator that measures price volatility, it uses two bands which move on either side of the price one above price and the other below the price. These two bands are separated by a moving average that is in between these two bands. The difference between these two bands is measure using two standard deviation. the upper band being +20 standard deviation and the lower band is calculated by -20 standard deviation from the middle band.


Break even

Break even is a phenomenon when one is stopped out of a trade without losing money or making it. This is a risk management strategy employed by traders to protect their equity. For instance one had either bought or sold and the market had moved in their favour. What one can do is to move their stop loss into their entry price (the price level where the trade was taken). This protects one's balance in a sense that should the market reverse against that position the trade will be stopped out but no losses will be incurred.

Forex slang


Broker acts as a facilitator between buyers and sellers. In order for one to sell, there has to be a buyer on the other side of that trade. The broker, facilitates orders by linking buyers and sellers together. For this, the broker will charge a certain amount also depending on the type of broker it is. For instance, there is a Direct Market Access, and Market maker, and so forth.


Bull trap

A bull trap occurs when the market breaks through a significant resistance and gives the impression that it is yet to go higher, but only to find that the market was only testing that resistance because soon after that the market will reverse and head down, trapping all the "breakout" traders who had bought upon seeing that false signal.

Forex slang


Bullish refers to any upward move that represents that prices are increasing. For example a Bullish market is nothing other than an uptrend, this signifies that prices are going up or that the momentum is to the buying side.

Forex slang Trends


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A trading tool that enables one to profit from an increasing and the decrease of the asset price

Markets Broker


Cable is a nickname for British Pound.

Currency Forex slang

Candlestick chart

A Candlestick chart was developed by a Japanese rice trader, each candle consist of the following information: high, low, open, close. It is a widely used chart as it shows the most information and in a more graphical format. In fact, it shows the same information as the bar chart. However the reason why it is mostly used is that it is easier to differentiate candlesticks themselves, their body, wick etc. A bar chart is not as exciting as a candlestick chart. It is not easy to tell whether a candle is either a hammer or a spinning top or a Doji in a bar chart.


Closed positions

Closed positions refers to all trades closed, whether in a profit or in a loss.

Forex slang

Closed profit

Any secured profits are as good as closed profits. This is the term used to refer to positions that were profitable and remained so until the entire position was closed.

Forex slang


In the most specific use of the word, "currency" refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. View samples...



[ 8 terms ]

Day trading

A Day trading is a short term style of trading in which traders look to make profits on short price movements. These types of traders tend to focus on smaller time frames as the trades run for a short period of time in fact less than a day. Day traders normally trade H1, 30M, 15M. H1 being the highest timeframe they trade, but they normally stick to the lower timeframes 15M being the most traded timeframe by day traders.

Trading style


Depreciation when a value of a currency pair decreases, it said to be depreciating. It does not always to be a currency pair. It can be a commodity e.g silver, gold. When the value decreases due to either fundamental forces that move the markets such as economic news. Sometimes it is not that the trading instrument is decreasing value, it is that in relation to the currency it is being traded against it is weaker for the reason that the other one gained value or it had gotten stronger. However, should a value of any trading instrument decrease, this process is called "depreciation" .


Descending triangle

Descending triangle is a bearish continuation pattern characterised as the market constantly making lower highs, (descending highs) to a lateral support. Price is supported, it rallies upwards upon reaching a support then proceed to make a lower high, indicating that the buyers are running out of steam because the buyers only push prices up to only make a high that is lower than the previous high, showing that there is not enough buying power to make a new high (a higher high).



A divergence is a phenomenon whereby an indicator deviates from price movement. So if indicators get their information from price movement, the logic is, it should do what the price is doing. So any irregularities, or instances where an oscillator strays from actual price movement, this is called divergence because it is showing different information from the price. For more information on how to trade a MACD divergence click here.



Doji is a market indecision candle, basically means that there was no winner between the bulls and the bears. The candlestick is characterised as having a wick and a little to no body at all. This means that the opening price is the same as the closing price. The prices fluctuated up and down during the trading session but they ended up closed at the same price they opened at.


Double bottoms

Double bottoms is a market reversal set up, that occurs when the market reaches a low, only to be pushed back high by traders (buyers). Why? because buyers do not think the prices should go any lower, why? because they deem prices to have been too low. Now prices are being demanded by buyers. Hence, immense buying will happen as traders are looking to buy when prices are at their lowest and sell when they are high. When the market makes a double bottom, it signals that it has reached a significant support where there is greater buying power than selling power.


Double tops

Double tops is the opposite of a double bottoms, it is characterised by the market rallying to a resistance and only to get rejected by sellers. Meaning price is either regarded as too high or overvalued. Hence sellers selling prices, but what happens is that the market returns to that same price area in the near future. Only to get rejected by the sellers. The market is said to have created a double top. Why? because the market made a top and got rejected and the market made another attempt to break the same price area only to get rejected again by sellers. This gives off the indication that there is excess selling at that price area. There are more sellers than there are buyers. Hence prices keep dropping from that price level.


Dragonfly doji

A Dragonfly doji is a type of Doji that indicates that price were pushed down by traders however, with a lot of buyers who entered shortly after that, price rallied up such that they ended up closing on the same price at which they opened at. So this type of a Doji will have a wick at the bottom indicating buying pressure



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Economic calendar

Economic calendar is a forex schedule of economic events, news release that affect the markets on the daily basis. One can access an economic calendar here or optionally at investing.com or forexfactory.com.


Elliot wave theory

Is a study of market cycles using waves, to calculate at which point in terms of the market cycles the current price is. Using that information to gauge where price is going. Elliot wave theory maintains that a market will move in five waves. Wave one being the beginning of a new trend, where the most informed traders enter the market. Wave three being where everyone else enters. Wave three is usually the strongest wave of all. This theory alludes all little waves make up bigger waves that make up a complete market cycle. Meaning a complete 5 wave move will only make up one wave on a higher time frame.



Envelopes are a type of a trend Indicator that is composed of three bands. A Middle band which is a moving average an upper moving average and a lower moving average. Much like the Bollinger Bands Indicator where there are three bands an upper band and middle and lastly a lower band



Equity is the amount of money one has after deduction due to running trades either profitable or losing trades. It is one's possible balance as it takes into account one's open trades being that if they are all in profit then one's equity will be up by that certain amount of profit.

Forex slang


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Fibonacci sequence

Fibonacci refers to a sequence of numbers developed by a prominent Italian mathematician Fibonacci and widely used in many areas of life. The sequence is as follows:

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ...

Whereby the following digit is always a sum of two previous digits. For instance, the first digit is "0" followed by 1, then another 1. The sum is as follows:

0 + 1 = 1
1 + 1 = 2
1 + 2 = 3
2 + 3 = 5

and so forth. However, this is not the most notable thing about this sequence of numbers. The most notable thing worth mentioning is that if one took any number and divided it by the previous number. One is to find either 1.618 or something close to that number. It is also said that the higher one goes in terms of this sequence the accurate it becomes. 1.618 is referred to as the golden ratio, why is that? Because it applies to almost everything in life, click here to see the pictures of the things it applies to. Now how does this apply to trading? To find out more about this tool and how it is used in trading click here.

Theory Indicators

Four price doji

A Four price doji is a type of Doji that shows no price fluctuations, meaning there was little to no trading activity that took place during that candle as the candle did not go up nor down. it simply opened at a certain price then closed on that very same price.


Free margin

Margin refers to the amount required to sustain open trades. Depending on the amount one risked on that trade. A free margin is the amount left to open new trades. taking the open trades into consideration as well.

Forex slang

Fundamental news

Fundamental news refer to any economic news that may have an impact on a currency pair's value or performance. These news can be anything from political related, social and economic news. Things such as political instability, social issues, economic growth outlook of a country will affect the currency pair of a country. Hence, traders need to be on the lookout.



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A hammer is a bullish reversal candle. To learn more about different candlestick formations, click here.



Harami is Japanese for "pregnant lady". This is basically a two candlestick reversal formation in which the first candle has a long body followed by a small candle that has formed and closed inside the body of that candle.


Head and shoulders formation

Head and shoulders formation is a reversal formation whereby the market appears to be in an upward trend then makes a lower high. The two previous highs are higher than each other then the market makes a lower high. This formation gives an illusion that the market made a shoulder and a head and another shoulder (Hence the term head and shoulders). So its two shoulders equal to each other and a head that stands out from both shoulders by its size in proportion to the shoulders. This becomes a reversal pattern because the market was in a clear uptrend making higher highs, but upon the market making a lower high. This is an indication that the market is exhausted or the momentum is dying out. So a break of the neckline, a lateral support drawn on the low of the bigger rally (the head) will trigger a head and shoulders pattern trade click here for more information.


Heiken Ashi

Heiken Ashi is another form of a candlestick chart indicator that can help traders to spot the trend easily, at glance. It is very much like the Japanese candlestick chart as it uses candlesticks to display momentum. Green Heiken Ashi candles would signify a bullish trend or that the bulls are getting stronger or the beginning of an uptrend. The opposite is true as well, should the market print a series of Red Heiken Ashi candles, this would then mean that the trend may be changing or the sellers are running stronger.


High impact news

Are news that move the markets the most, due to the importance of those news as they usually give off the overall outlook of a country's economy. News such as "interest rates" will have an impact on a currency pair's value and the general sentiment around that country's currency. Other news such as GDP as well will tend to affect the currency in the long run. Employment change as well, is one of the news that have a high impact on a currency pair, being the economic activity of a country. How many people are employed, the more the better, more employed people equates to more spending, more spending means there will be more money circulating around, that facilitates economic growth. For more on high impact news click here.



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Ichimoko Kinko Hyo is Japanese for "a glance at the market in equilibrium". This a trend indicator that identifies trend, momentum, support and resistance. The indicator generates signals and gives the trader a full view of whether the probabilities are high or low. This indicator is a trading system in itself.



Indicators are mechanical tools using algorithmic or a particular mathematical equation to generate buy or sell signals. They feed off the information from the price movements, the data is then passed through the equation and comes out in a particular illustration. Indicators come in different categories, for instance, there are: oscillators, trend indicators, volumes, and custom indicators.

Indicators Tools


In simple layman terms, inflation refers to an instance whereby there is too much money chasing only a limited number of goods. This thus relates to the purchasing power of the currency being weakened

Events Indicators Markets

Inverse head and shoulders

An inverse head and shoulders, is a reversal pattern. Marked by the market making a strong impulse move and two relatively weaker moves of the same length on either sides of the strong impulse move. This pattern usually forms at the bottom of a downtrend and giving off the signal that the trend is yet to change. However, this pattern is only triggered if the neckline breaks.


Investor's psychology

Investor's psychology Is a mental state that one experiences brought up by emotions that arise when one is trading due to the complexity and an uncertain nature of the markets and one's financial expectations / motives (Making money). This leads to one taking a trade where they would not normally do, as a result of the compelling urge to make money one feels. It is when one allows a gambler's mentality to befuddle with their logic. It is highly advisable that one keep their emotions in check, to acknowledge their emotions rather than acting on them. Traders lose trades for the most part because they cannot control their emotions. Visit trader's psychology for more information.



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Journal is a detailed record of trades taken by a trader for a specific time in order to gauge their performance and fine tune their strategy and speed up one's learning curve. It gives one the opportunity to go back and reassess each trade taken to deduce what was it that made it a profitable or a losing trade.



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Lagging indicator

A lagging indicator will show you what has already happened with a delay.


Leading indicator

A leading indicator will try to predict what still has to happen.



Leverage refers to borrowed funds, in an attempt to multiply the profits or increase the profits they would have stood to make when trading without leverage. This can be detrimental when one exposes too much capital as this also increases the potential inherent risks one can incur.

Forex slang Tools


Going long is also known as buying and if the price goes up after going long then you make a profit in Forex. Going long or taking a long position is the opposite of going short.

Forex slang


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MACD is an acronym for "Moving Averages, Convergence, Divergence". The indicator itself was developed by Welles Wilder which uses two moving averages to calculate price movement in which a cross of these moving averages indicates price changes, a reversal, a beginning of a new a trend. The indicator comes with a 0.00 preset parameter that acts as a neutral line between bullish movements and a bearish movements in the charts. Meaning should histogram form above the 0 line, this indicates a bullish market and one prices the histograms drop below the zero parameter, this indicates a bearish movement. To learn more about this indicator click here.

Charts Indicators


Margin is an amount of money needed by one's broker to maintain a particular running trade. It is a small percentage of the overall cost of that trade that broker necessitates that one puts down to trade being that other costs will be covered by that particular broker via leverage.

Roles Tools

Margin call

Margin call happens when one has depleted their trading funds due to either high risk trading or irresponsible trading that is also exasperated by turbulent trading conditions that often arise in the market. One will usually get some sort of warning or alert when they have little funds left in their trading account indicating that they must deposit more funds to continue trading or to open a new position due to insufficient funds.


Market execution

Market execution is an instant entry order, meaning that upon one clicking either "buy" or "sell" their trade is executed instantaneously. This is the opposite of what pending orders are, which are only triggered at a later stage should the market reach that predefined price level.

Forex slang Tools

Market maker

A Market maker is a type of broker uses a dealing desk system. So if a trader uses a market maker broker, every trade they take goes through a dealing desk instead of the actual market. In a market maker broker one is basically trading against their broker. When one buys that broker will take the other side of one's trade which is to sell. Now this being a market maker and can manipulate price to benefit a broker rather than a trader. Often times, traders are traded against by a market maker broker, stopping trader's out of what could have been potentially a profitable trade. This is due to a conflict of interest that often arises as the broker itself makes money from a trader's losses as well as other transactional costs of trading. So a trader making a profit on a particular trade while they are losing a certain amount on a very trade will often result in price manipulation to benefit the broker. For more on Market makers click here.



A marubozu is a strong candle either bullish or bearish, depending on the colour of the of the candle itself. It usually forms at the beginning of a new trend, or as an indication that the trend is continuing, say this particular candle printed on either resistance or support. this would be an indication that the market is yet to continue. The candle itself is characterised as having no wicks, it is just a long filled body, which is indicative of the either excess buying or excess selling happening at that price area.



Momentum is a term used to describe whether a trend has enough driving force in its direction or whether it has become exhausted. Momentum indicators can be used to shed light on idea that a trend is exhausted. MACD and RSI are good momentum indicators amongst the bunch. When a trend looses momentum to the up side, we could see divergence between price action and momentum indicator and convergence in a downtrend between price action and momentum indicator. Elliot wave theorist would mostly see this difference between wave 3 and wave 5.

Forex slang Trends

Money management

These are strict rules traders abide by, applied by traders on a regular basis to risk only but a small amount of their total account in a single trade. 1 percent per trade being the normal rule. This ensures that even after a loosing streak of a certain number of trades one is still in the game and can remake the profits lost.

Theory Tools


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OPEC stands for the Organization of the Petroleum Exporting Countries. A cartel of oil producing countries.

Roles Markets

Open positions

Refers to all the open positions one has currently running, be it losing trades or profitable trades.

Forex slang


When an instrument is said to be overbought, this basically means that market is over extended and one should expect either a reversal of that move or a retracement. When the market rallies up and get exhausts its momentum it has to retrace back/ downwards to regain its strength. Oscillators are the most used indicators to determine this phenomenon. Please visit stochastics strategies for information on how to trade an overbought market.

Markets Indicators


When a trading instrument is regarded as oversold, it basically means that as already explained above "over extended", one should expect a reversal of that move, also on other variables that are present at that time it could also be a reversal signal. That is, provided that the market has reached a significant support and the market is oversold, and there are other confirmations complimenting a reversal. For more information on stochastics strategies click here.

Markets Indicators


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Partial profit

Closing only but a fraction of a trade to secure profits on a running trade, by simply decreasing the volume in order to decrease the exposure one had on that market by so doing, the trade will close the specified amount of volume and the rest will is left to run.

Tools Forex slang

Pending order

A pending order is any order that is not set at the current market price and can only be honoured should the market trade to a specific price level. This is done when one is looking to enter the market however, it has not yet reached a specific price level where they want to take that particular trade. So what can place a pending order. There are 4 types of pending orders. Limit orders (Buy or sell) are reversal orders, this is selling in an uptrend or the opposite (should the market either hit support or resistance). and a stop order (buy or sell) are continuation orders.

Forex slang Tools


A pip is the smallest price move that a given exchange rate makes based on market convention. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point; for most pairs, this is the equivalent of 1/100 of 1%, or one basis point. For example, the smallest move the USD/CAD currency pair usually makes is $0.0001, or one basis point.

Forex slang


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Quote currency

Quote currency is a second currency on the right hand-side of the forward slash in a currency conversion table. In case of a USD/JPY this basically means how many Japanese Yens one needs to buy one US dollar and how many Japanese yens will one get when selling a US dollar.



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Stands for relative strength index, it is an oscillator indicator that measures market extremities and market lows using the 70 and 30 parameters that come preset to the indicator. This indicator also gives out divergence signals as MACD normally does.



Resistance is any price level where prices get rejected by sellers as either regarded as overpriced or overvalued. This acts as a glass ceiling for price as prices will obviously rally up but upon reaching a specific resistance level prices will stall then move backwards. It becomes the case of selling interest and acts as future reference level. Meaning should price upon rallying then reaching resistance and falling, chances are it is going to be the case in the future as well as the markets have memory. For information on support and resistance, please visit this page.

Indicators Patterns Psychology Theory


Risk is basically what one exposes on a single trade given the fact that should the market move against them they would loose that amount exposed. For more information please visit Money Management.


Risk to reward ratio

The profit one is willing to make in relation to the amount money risked on a single trade. e.g. a 1:1 risk to reward ratio means that one risked one percent to make basically the same amount they risked.



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Sell limit

A sell limit is an order used when one anticipates that the market upon reaching a certain resistance it will reverse, It is used in an uptrend but however one has identified a significant resistance hence one will place a sell limit order anticipating that although price appears to be increasing but upon reaching a resistance it will reverse.

Forex slang

Shooting star

Shooting star is a bearish reversal candlestick that means that prices are about to reverse or the market is about to retrace.


Spinning top

Spinning tops are market indecision candles, they usually show the strength on each side. Unlike a Doji where the body would be so small that it looks like a line, spinning top is characterised by a candle with wicks on both sides of the body. The wicks are usually longer in relation to the body. This candle usually is a rejection candle especially when forms at either support or resistance. It becomes a warning that the price might reverse, but there has to be more strength from one party to sway the prices in a different direction.



The spread is the difference between the ask and the bid price on a currency, the spread can range from as little as 0.01 on major currency pairs and it is usually high on exotic pairs that are not widely traded.


Stochastics oscillator

The Stochastics oscillator is an Indicator used to validate overbought and oversold condition in a market. It is made up of a K period, D period and slowing. Stochastics Oscillator has two area or levels. A market is considered to be Overbought above the 80 level and Oversold below the 20 level.

This indicator is great tool to use when you follow a trend. If you in an uptrend, then oversold conditions could be a sign that the pullback is over. When in a downtrend, the overbought conditions could now signal that the pullback is exhausted and that the trend may continue.

The stochastic indicator may also remain overbought or oversold if the trend is impulsive.


Stop loss order

Stop loss order is an order placed to protect a trader from loosing more than intended. It is used to protect one from big or devastating losses. It should be implemented with strict money management rules.

Forex slang Tools


Support in Forex can be identified as an area or level at which price could possibly turn upwards. Using support is one trading methodology for picking buy entries.

When price turns away from a certain price level more than twice it is deemed as a significant support level. In most scenarios support levels are watched by Buyers in the market.

Resistance however acts as the ceiling for price of which price cannot go higher. If resistance is broken and price moves higher, price often come back to retest that same resistance level as support. When the aforementioned occurs its called a "role reversal' of what was resistance that is now future support.

Indicators Patterns Psychology Theory


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Take profit

An order set at a specific area to close the position should the market move in anticipated direction. This locks in whatever profits a trade has accumulated and closes the position entirely should it be triggered but only in profit which would be the opposite if a stop loss is hit

Forex slang Tools


A trend is the overall movement of the market, either upward (uptrend) or downward (downtrend).


Trend line

Is a line/tool used by traders to identify a trend in their analysis. Trendlines are usually drawn to determine the trend of the market, this is done by either connecting market highs or market lows whether they are depreciating or appreciating is the difference between an uptrend and downtrend.

Tools Psychology Trends

Triple bottoms

Triple bottoms in Forex can be seen as a sign that the market is bottoming out. This is indicated by the market making three consecutive attempts to break the level of support but only to find that it is too strong to break. As a reult then prices have no other way to go but up, or higher. Triple bottoms are bullish chart patterns. They signify that the sellers cannot break the support and if the market does not receive more sellers, than it gives room for buyers to step in and push prices higher.

Trading tip : Once price breaks the recent high it now represents a buying window.

Patterns Theory

Triple tops

Triple tops are signs that the market is topping out at the highs of resistance in the market. This once more is a Selling chart pattern. The resistance is dominated by sellers, whilst the buyer cannot break through to new high by breaking the resistance. This chart pattern bring an opportunity for seller to take market price lower.

Trading Tip: Await a break of the recent low before selling market.

Patterns Theory

Tweezer bottoms

A Tweezer bottoms refers to a two candlestick reversal pattern, characterised by two pin bar candles or two hammer candlesticks. It usually prints on a significant support and it is a strong reversal pattern.



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Used margin

Used margin acts as a down payment or as security for open positions and is normally inaccessible until that particular trade has been closed. when one opens a position, the broker will require margin, the margin required will reflect on one's platform as "used margin". It is the amount that is needed by the broker to maintain running trades. Therefore one should maintain that account such that open trades can be kept running.

Forex slang Broker


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The term "volatility" refers to the rate at which the currency pair fluctuates over a short period of time. It is said that if the market can move up and down drastically in a relatively short period of time, then the market is regarded as being volatile. This then creates trading opportunities for traders. Consider volatility as waves at the beach, this provides opportunity for surfers to ride the wave. If then for whatever reason there isn't one or there are only small waves then surfers may not get to ride for a long time. This is volatility in the markets which then gives trading opportunities.

Forex slang Markets


A volume also known as the lot size. Is the amount of exposure one wants to have in the market. It is risk in relation to their available capital, being that you cannot risk what you do not have as that you it is not guaranteed that one can recuperate the lost funds. Volume is the amount one wants to control in that market. a lot size of 0.01 in a smart account equates to 1 cent per pip move. Then a lot size of 1.00 equates to i dollar per pip.

Currency Forex slang


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Waves are the general movement of the markets. Although it might be an uptrend or a downtrend, the market does not move in a straight line, it tends to move in a zigzag motion thus creating waves. Fibonacci uses wave analysis in predicting future price movements. this is called ABC wave analysis. Whereby wave "A" is a strong move and wave "B" is a corrective of that move and so forth.



Whipsaws are created by volatility and uncertainty that arises in the market. These are usually candlesticks with big wicks or candlestick shadows. Often form when there are either fundamental news or when the market is at a significant support or resistance that is created by the market reacting to the zones.

Forex slang Candlesticks


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