DislikedHere's a chart of the Euro (5 min).
Just wanted to compare and contrast two candles.
A: Narrow range up bar on volume less than the previous two candles. The close is off of the high, which shows weakness. But notice the low. It is lower than the previous candle and the close is up from there. Support enters the market here causing the candle to move off its lows.
The next bar is an Up Thrust, which goes to confirm the overall weakness in the market.
B: In my opinion, this is the best place to take a short. We see a narrow (NR7) candle closing...Ignored
Awesome. Learning every time.
"If it bleeds ... we can kill it"