Hi, Traders
I have just recently spend so much time on the research how candles help in spotting of a trend, but I honestly did not find so much to work on or even think about depending on alone candlesticks patterns.
But that is truth that candlesticks forms a strong trend and starts with a pattern but If there is no patterns or context in sight, then they are very hard to find out.
Support or resistance rejection pin bars are very hard to spot because they will signal about the trend which has already mature or not too much to travel and that is why there are not reliable but when price is about to reverse they forms a setup at top or at bottom, but if they are too heavy and demand large stops then there is no point in looking it again for smaller risks as they often let you follow the trade more often than not.
I have recently watched Euro/Dollar daily chart with supply and demand point of view and including candles in my setup as a help but did not find any suitable setup and find out how pinbars fake the price action so many times and stop hunting followed afterwards.
Euro dollar setups and Candles Prophecy
If you rely on candles then we see a rejection at the breach of resistance and we saw a follow through but wait is this setup is telling us the bottom is eyed which is the origin, then why we see so many quite sessions after we see a sell-off signal at the top.
In the chart above, I have recently spot a continuation or pullback entry but lot of traders won't agree with me, because they will look to sell at the retest and failure but it already has done the same as the recent price action unfold. And usually we see sudden change in the volatality and price breaks so many barriers.
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