slightly higher than the closing price. Let us remind the main candlestick trading systems: The candlestick patterns which may be defined as reversal patterns warn not only about reversal trend foto forex platte preisvergleich but also about the lateral movement start or exit from it; and sometimes about reduction of the movements speed without change. The most reliable Japanese candlestick signals appear on Daily timeframe. Following timeframe decrease, the reliability of the signals lowers. The candlestick forex strategy with «Free candle» indicator. Any pattern makes sense only wh ere it reaches the strongest level.
Low of the first Engulfing pattern must not be renewed, moreover - the more remote the price, the stronger a trading signal. Trading asset: EUR/USD, USD/JPY, USD/CHF, GBP/USD, EUR/GBP, EUR/JPY, GBP/JPY. Trading asset: any currency pair. Candlestick patterns enable a trader to determine the market situation as well as supply and demand balance. All trading patterns made up of 1-2 candlesticks would lose their significance if during current movement (trend or correction in price movement) this pattern applied more than once. Candlestick forex trading strategy uses this candlestick pattern as reversal signal or the correction start. For the long positions Stop Loss is fixed 5-10 points below the candlestick patterns minimum, while Take Profit is 10 points lower than the maximum of the previous fractal. For the short position rules for fixing Stop Loss/Take Profit are similar.
Fibo forex Strategie
A long «shade» in specific direction means that in the process of the candlesticks formation in forex the supply and demand balance has shifted. If reversal pattern succeeds then it will be followed by continuous definite movement. From the mathematical expectation prospective, the «free candle» forex candlestick trading is sufficiently effective, if the deals are not made too often and only in reliable configurations. The signal is confirmed: it can be Doji candlestick pattern or one more Engulfing pattern in the same direction. If after receiving of the candlestick signal, the movement in the market does not confirm it, then the trend will probably flow in the opposite direction.
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