DislikedLooks like there is gonna be a counter party to your trader man.
I tooks a trade earlier on audusd and it worked out pretty good.
Am still looking to hold it for another day or two, since I believe we have very strong support for it to the upside in short term. Here is the trade attached. Entered a little late, was too patient with the trade. I trade just looking at the charts themselves, and dont use indicators or anything like that. Have had good results so far based on just pure chart looking. Good trading everyone and hope we all have profitable...Ignored
Your chart solved one of my longtime puzzle as to why at the end of the bounce there was so much buying pressure. I guess you are a breakout trader. Your chart will help me identify the exit and reversal point better in the future. Now, I also realize the reason why false breakouts are formed.
I discussed the confirmation of dojis/stars with another member in previous posts. Basically, she was right about her point in most cases. But, I was talking about some special cases. Aussie H1 chart formed an evening star, which won't be able to be confirmed until Sunday night. (note: M5 chart had a big time shooting star and was confirmed.) To me, every candlestick has its own meaning with or without a confirmation.
Candlesticks are the footprints of the market. When you see big bear footprints all over at a high mountain, would you stay and wait for the confirmation there until the big bear gives you a bear hug? Not me, I would run to the hillside as fast as I can.
Again, thanks for your post and chart. They help me understand why the evening stars were formed at certain points.
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