forex daily candle breakout strategy

on the daily charts and I recommend all beginning traders stick to the daily charts and until they have. Kiss keep IT simple simple. An indecision candle in a bullish preceding trend indicates that buyers are possibly losing control, and sellers may be gaining control. Above all, Price Action keeps your trading simple.

Test period was 15 years. An inside bar is a bar (or a series of bars) that is completely contained within the range of the preceding bar, also known as the mother bar. You need to look beyond the pattern and read the story of price. If my stop is 75 pips, the minimum size of my target is 112.5 pips (1.5 x 75). Since we have test. If the candle is strong and covers a lot of price distance, I categorise it as a preceding trend for the purposes of reversal trading. A preceding trend can be formed by as little as one candle.

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