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RE: Light the Candles

in LeoFinance5 years ago

I like how you've focused on reversal candles such as dojis and engulfing patterns. These are probably the two most straightforward patterns that a price action trader should pay attention to.

Just remember that candle patterns alone only indicate indecision. But when you add greater context such as the overall trend or support/resistance zones, this is when they can indicate an impeding reversal.

If you're looking for some further reading here on LeoFinance, check out my forex support and resistance trading strategy which includes sections on how to read price action (candle patterns) around key zones.

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Thanks for the link, I will make sure to save it and look into this. Yes candles are not the only information you can or should rely on. And I will have to wrap my brains around the other things too. It takes time, but I'll get there ...

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