Trading Target Candles, page-835

  1. 552 Posts.
    lightbulb Created with Sketch. 1
    https://hotcopper.com.au/data/attachments/1548/1548410-2512dd3474102d240a6ee096e70f3153.jpg
    Hey Two hands
    I wouldn't take that trade. Here's the action on the M1. Remember the rules:
    1 extreme moves with very large candles ending with nice long wicks (no news around)
    2 This occurs around a nice target, especially if this has been repeated 2-3 times before around the same area.
    2 Moves to or past a band area (validation that price is stretching to an extreme)
    Happy hunting!
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.