lines on your buy forex strategy chart. It is vital because it allows you to answer one of the most important questions in trading Who is in control of price? This occurs when the price of an asset moves from one price to another that is significantly higher or lower. However, an indecision candle does not indicate that price will reverse with any degree of certainty. In particular, it is easy to understand and learn. It is a simple system based on a few indicators that will tell you in a second whether you have a trade setup or not. In this situation you may decide to let it continue knowing it will be profitable in the long term. Downward trend New highs and new lows will generally be lower than previous highs and lows in a downward trend. Again, it is a simple and straightforward rule. If that trade wins, then you are back in profit again rather than being somewhere around break even. You can give it a go and give me your feedback, Im sure it can be improved but so far its working for me so thats all I need.
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Price overshoot and you assume SR is broken. If bulls were strong then price would not be trending down. Below is a candlestick pattern commonly called a spinning top. Truth #3: Support and Resistance can be dynamic What youve learned earlier is horizontal SR (where the areas are fixed). Support and Resistance Areas, these are buy and sell areas you can easily identify and place on your chart. Place areas on the body of a candle, the body is more important than the wick.
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