Thank you Low and Chris for quick reply. FreeStockCharts.com site is awesome !!.
Hi Chris,
Regarding the pin bar candlestick pattern. You mentioned it does not matter even if it does not look like a pin bar. Can you please help me understand how to spot reversal ( other than Pin bar and engulfing bearish bar) when it happens closer to S+R zones? Should I go to one timeframe higher/lower to see familiar pattern ( something that looks like Pin) ?
I do what you have suggested once for newbies. I draw S+R lines/trend line on weekly chart and use daily to spot these candlestick patterns closer to these zones.
For newbies, can you suggest list of these forex pairs I should start with for paper trading ( the ones those repsect s/r zones better than others - I am guessing different pairs respect these zones to different extent )?
appreciate your advice.
Best regards
Hi Chris,
Regarding the pin bar candlestick pattern. You mentioned it does not matter even if it does not look like a pin bar. Can you please help me understand how to spot reversal ( other than Pin bar and engulfing bearish bar) when it happens closer to S+R zones? Should I go to one timeframe higher/lower to see familiar pattern ( something that looks like Pin) ?
I do what you have suggested once for newbies. I draw S+R lines/trend line on weekly chart and use daily to spot these candlestick patterns closer to these zones.
For newbies, can you suggest list of these forex pairs I should start with for paper trading ( the ones those repsect s/r zones better than others - I am guessing different pairs respect these zones to different extent )?
appreciate your advice.
Best regards