TUTORIAL
Monday's candle formed a Doji. A Doji is a candle pattern where the Open and Close are very close together and the candle has both upper and lower shadows. A Doji is a neutral candle and is neither bullish or bearish.
TRADING
When a Doji is in between Support and Resistance I do not make any trade decisions as a Doji is just an indication the market is taking a break before continuing its trend. However, when price is near a support or resistance level the Doji informs me that a reversal is near. When the Doji is near or at resistance I look for the following candle to close below the low of the Doji; this then forms a Short trade setup. When the Doji is near or at support I look for the following candle to close above the high of the Doji; this then forms a Long trade setup.
Monday's candle formed a Doji. A Doji is a candle pattern where the Open and Close are very close together and the candle has both upper and lower shadows. A Doji is a neutral candle and is neither bullish or bearish.
TRADING
When a Doji is in between Support and Resistance I do not make any trade decisions as a Doji is just an indication the market is taking a break before continuing its trend. However, when price is near a support or resistance level the Doji informs me that a reversal is near. When the Doji is near or at resistance I look for the following candle to close below the low of the Doji; this then forms a Short trade setup. When the Doji is near or at support I look for the following candle to close above the high of the Doji; this then forms a Long trade setup.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.