Trading Target Candles, page-773

Hi Rick
Thanks for the feed back. Sorry to bug you and sorry if what I'm about to type is stating the bleeding obvious but here's my take on the EURCAD H1. Lots of breakout orders near the green rectangle with stop losses placed under the last swing low (small red rectangle). Some people take profit but others are hanging on as the price retreats. Stops are then moved higher (large red rectangle) to limit losses. Now depending on how many losses are there will depend on whether the price rallies to new highs (blue rectangle) to a) encourage more buyers and b) to calm the nerves of those who tightened their Stops, or price spikes low to clean out the stops.
I promise I'll leave you alone now (only for a short while!)
Cheers