DislikedI saw this hanging man on gbpusd right at the 6600 area and I knew price was going down... but i didnt take it.....
Am i correct?Ignored
These candle's are not good set-ups IMO. They give an indication of possible moves afoot but I wouldn't trade them as a set up. They always form within price boundaries and rarely form rejections of big levels as hammer and shooting stars do.
You could have taken a trade on cable using the body of the candle in another manner but Strat is not teaching that; yet.
Just don't fall into the trap of 'knowing' what will happen next; it's impossible to know - once you have grasped this mate you will be another step further along the path.
Trade less and become more profitable!