Role of Elongated Candles in Understanding Contet

Role of Elongated Candles in Predicting the overall Picture

I got numerous of charts and request regarding How strong candles can works as strong reversals when we try predict it as a part of Reversal.

I will clear it in few examples that how we can see mature trend followed by bounce of the inner space of that elongated candles and then we see Price test the high after find the low of correctional bottom

Most of time In Currencies case, Price do tend to behave and take much more time in reversing rather in cases of stocks and commodities, When price does tend good time at the top then we always realize that It is holding high prices and will offer a pullback but it never come specially when first attempt to reverse it too strong as in this case

That attempt was so strong that it did not offer and candlestick pattern to offer pullback but if You watch the next attempt to revise from the Inside of elongated candle it does offer couple patterns which fails and price finally rise when it test that candle.

As I always suggest that never sell at the downside breakout or never buy at the upside breakout but try to built such trading strategies or breakout systems that offer lot of logic, As in this case. It's not easy to built a reliable systems but still for trading something has to have enough potential to compete with the best in the industry.

Forex Trading Strategies l Beginners Price Action Based On Supply and De...

Price Action for beginners supply and demand level Institutional activity

Time for monthly updates.

Take a Look at the Update USD/CHF Chart

Extended Accumulation and Reference Points

Hi, Traders I am here updating Usd/chf as the first monthly update on the basis of previous month trading activity. I have seen previous month extended accumulation and risk of reversal is minimal but even if it is reverse than we should look to go long around 0.8853 area but as We have seen the test could be successful of 0.9138 area(As After testing the area on Friday Price is holding that area) and if I am right price will start rising with aggressive volumes coming in the pair again.

Those who wait for ECB meeting on Thursday can delay this setup or look around 0.8853 area which should hold when offer so much protection earlier but it all depends on type of activity if price reverses from here.

If you scan all the previous months activity then to start with we have we neutral months which make the breakout and after those reference points price went in range after rejection from upper boundary of the rectangle as I mentioned in while line.

Price rejection from upper and then from lower boundary confirms the setup but stil more aggressiveness should be here to make this set up successful.

This type of setups are quite rare

Exactly, when someone look for setups then One must look for this type of setups which offers low risk and maximum reward opportunity and that could be the one which could really start a new trend from here on and that would be the strongest of the trend what we have seen, And a rejection from here will let you add more around 0.8850 area , But that's not the way I trade but that's how position traders use to enter.

Update of Eur/cad chart Shift in value test and Rise

Take a Look at the Update Eur/cad Chart

Check My previous post here

As I mentioned in my previous chart that rise is eur/cad is on the cards as it happens when in strong trend value again shift with momentum and price tested the area and more aggression was shown.

Forex trading is all about opportunities and when you are provided with one You should be looking for reward and when price tested the broken high or low then when it shows aggression, It makes sure that there could be more to come and that is what really give you time to calculate your risk (Its almost impossible to calculate your risks in trading)

Opportunities are multiple but less optimistic

That's so true, there is no point in looking at historical chart and keep forcing yourself of an entry when it does not exist at all, It should be a part of our "Forex Strategies" plan that what are our strengths and what type of market we prefer rather than try to trade every opportunity available, selective approach always pays.