for trend detection or identification. But if you dont then thats a large risk you are taking. The chart shown below is a really ideal case, see chart below for clarity: But you know that in reality, the market is not like that, its more like this chart shown below: forex course The chart above shows an initial downtrend and along the way there. This may also be handy if you had an extremely long breakout candlestick on the initial breakout, you best option is to wait for a retest of the breakout trendline then if that happens you enter. And the best way for doing that is by using Price Action (reversal candlesticks) as shown below: Now, these chart below is what actually happens in real life trading environment: Nothing is more noticeable on any chart than support and resistance levels.
What is, price, action in, forex, trading?
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The following chart below makes it much clearer. See chart below: (enlarge if you cannot see clearly). So when price is moving up, its called an tageiger forex uptrend. In the case of bearish candle, price never trade above the open. #3: You can wait for price to go back up to test the broken neckline (which would now act as resistance level) and when you see a bearish reversal candlestick pattern, go short (sell) as this example below shows: This is how it would look. Youre looking for the turning points in the market.
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