Notes

Types And Orders In The Market
When price finds more and more sellers and they think that it's overbought/overvalued so they starting selling it up or taking profit and that causes price to back down away from resistance.

Let's now talk about a trend-reversal candlestick pattern: The Bearish Meeting Line.You will see a bullish candle on the first or setup day. This is a sign that heavy buying took part throughout the day.On the second day or what you call the signal day, you will find a gap opening.This gap attracts sellers to sell, and it continues throughout the day. bitcoin bullish This will result in a long bearish candle on the second or what you call the signal day.This bearish candle should close close to the open of low of the day. It should also close close close to the close on the first, or what you call the setup.This is a Bearish Meeting Line Trend Reversal Pattern.It is a sign that the trend is on the verge of reversing soon.

Each exchange has its own advance-decline lines. The NYSE has a mixed rate of 0.77:1, while the NASDAQ is higher at 1.004 to 1. The NASDAQ daily A/D has been over one for the majority of the last few sessions. However, the five-day moving averages are 1.42:1 and 1.27:1 respectively for the NASDAQ.

Doji Star - A Doji indicates indecision. visit here in a downward trend. The Doji is formed by the 2nd day of the gap. This odd placement of indecision suggests a reversal as support is evident. The Doji Star signifies the beginning of either the Abandoned Baby's or Morning Doji Stars without confirmation.

13. Stick to your routine - Read up on all the successful traders and you will realize that they have a set routine. Routine is important, as it instills discipline and allows for you to get your task done in the most efficient way possible at the end of each day. It helps you keep your eyes on the task at hand and creates balance.

Sixth, consider multiple reasons to enter the trade. For example, if a trader is interested in going long on the EURUSD and has a trend indicator indicating a bullish trend for the EURUSD, the price has bounced off the support (that was previously resistance), and positive news was recently announced for the EUR, then that trader might decide to go long. However, such a trader might be wise to use multiple time frame analysis to time the entry.

Each exchange has its own advance-decline lines. The NYSE has a mixed 0.77:1 rate while NASDAQ is up higher at 1.004:1. The NASDAQ's daily average/difference has been above one for the majority of the sessions. However, the five-day moving averages are 1.42:1 and 1.27:1 respectively for the NASDAQ.
Here's my website: https://stendervogel98.tumblr.com/post/683081300563935232/profitable-forex-trading-strategy-candlestick