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The action of closing out a profitable short position as the security reaches a certain level of support. This move is conservative in that a trader cuts profit at a point in which he/she can still gain more profit.
Cover On Approach
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Common Trading Terms
Related Terms
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Dark Cloud Cover is a two-candlestick pattern that is created when a down (black or red) candle opens above...
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A breakout is when the price moves above a resistance level or moves below a support level. The price...
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If you’re looking for additional reading to supplement your forex trading education, you’ve come to the...
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Fibonacci retracement (or Fib retracement) is a tool used by technical analysts to identify key support and...
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The RSI or Relative Strength Index is a technical indicator that measures the strength or weakness of a...
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