Forex price action indicator free download

Well, if there was a 7hr time frame in metrader9, you could have switched to it and seen a very bullish hammer and you could have taken the trade but because you did not understand the concept of blending candlesticks you missed a very good trade!!!

Technical Analysis & Forex Price Action Trading Strategies

For those that love moving averages, what you can do is to look reversal candlesticks as price starts to go back to touch the moving average lines and these are used as your confirmation signal to buy or sell.

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These type of forex trading strategies need a lot more thinking and trading conditions and hence the name-complex trading strategies.

Comprehensive but easy to digest. All of that for free. Thank you so much for helping people like me that do not have the wherewithal to pay for price action trading lessons. I book marked this page and will spend weeks and months studying your teachings. Once again remain blessed.

Many new traders that find it difficult to define the structure of a trending market, therefore they rely on moving averages for trend detection or identification.

So what do you think the candlestick pattern would be in the two-85 minute candlesticks to give you a bullish hammer candlestick pattern in the 6hr timeframe? Or if you see a shooting start bearish candlestick in the 6hr timeframe, what do you think would be the candlestick pattern in the two-85minute candlesticks that gave that 6hr candlestick a shooting star?

So you have two conflicting signals. And by the time moving average confirms what the price action has indicated, price has already made a great deal of move downward already as shown by this chart on the left.

A bearish candlestick simply means that the candlestick opened up at a high price and closed lower after a certain time period:

Note: the shooting star is sometimes called the bearish hammer, inverse hammer, inverted hammer or bearish pin bar. They all mean the same and refer to the shooting star candlestick pattern.

hey rkay thank u so much for sharing this! such a useful lesson! i 8767 m a freshman in accounting but interested in trading and this helps a lot.
God bless

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