EUR USD - Weekly Analysis
EUR USD closed this weeks candle as the classic "Hanging Man" Japanese candlestick pattern.
On its own, it doesn't provide any sort of trade trigger. But it does, however, give me something to look for on next weeks candle close.
Confirmation to go short based on this hanging man candle would happen if next weeks candle closes below the real candle body of the hanging man (below 1.06444).
Confirmation is needed to trade hanging man candles due to the bullish implications of the long lower wick. Waiting for confirmation will show that the bears are indeed in control, and I can then look for somewhere to enter short based on the H4 structure.
On its own, it doesn't provide any sort of trade trigger. But it does, however, give me something to look for on next weeks candle close.
Confirmation to go short based on this hanging man candle would happen if next weeks candle closes below the real candle body of the hanging man (below 1.06444).
Confirmation is needed to trade hanging man candles due to the bullish implications of the long lower wick. Waiting for confirmation will show that the bears are indeed in control, and I can then look for somewhere to enter short based on the H4 structure.
Email tradiustrades@gmail.com for access to my free Discord.
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.
Email tradiustrades@gmail.com for access to my free Discord.
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.