Fake breakouts in financial markets are referred to as breaking the support or resistance levels and returning to the previous trading range. In most cases, traders get fooled by this move and end up with losses.
Getting confirmation using golden patterns is a trade signal's confirming process in the forex market with various tools that increase profitability chances.
Fibonacci tools have become an indispensable part of forex trading, offering traders a methodical approach to identify potential price movements and market trends.
Support and resistance are fundamental concepts in the technical analysis used to identify price levels where the market has historically reacted to that area.