DislikedGeneral plan for Monday is to buy at 1.38 and sell at 1.39. Will post some charts tomorrow.Ignored
The candle at the green arrow is an “engulfing candle” or “outside bar”. Notice how it completely engulfs the previous candle.
If we were to combine the two candles, we would get a similar concept, i.e. downward movement, followed by a significant shift upward.
The final bear push just before NFP, perhaps representing some profit taking, after which the downtrend.
But OUCH.... the resultant reversal in the demand zone shows I deserved the kicking. Didn't look at Daily chart before NFP.
Fear of losing is the #1 reason you are losing.