GBPUSD Jul 04 - WHEN and WHERE not to trade.
Example below:
Not common to see a price bar/candle as Spinning Top and also the HA candle is spinning top. And the Daily is Double Inside Bar.
Smart money uses news event to fill orders and we poor retail traders do not know what type of orders in the market.
We wait till we see buyers and sellers with momentum. We can be late with our entry but then there are other ways to trade.
Usually more often we see the HA candle as spinning top at some key support / resistance level but the real price is an Engulfing Bar pattern which shows momentum. Learn to spot these type of price action pattern.
Example below:
Not common to see a price bar/candle as Spinning Top and also the HA candle is spinning top. And the Daily is Double Inside Bar.
Smart money uses news event to fill orders and we poor retail traders do not know what type of orders in the market.
We wait till we see buyers and sellers with momentum. We can be late with our entry but then there are other ways to trade.
Usually more often we see the HA candle as spinning top at some key support / resistance level but the real price is an Engulfing Bar pattern which shows momentum. Learn to spot these type of price action pattern.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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