Forex chart support and resistance levels for actual candlestick patterns

You’ll learn how to identify that level of support and resistance that you have to execute that trade on something and the only way to execute it is on actual candlestick patterns because the line chart again is for the beginner’s section only, it’s just for you to understand how to read the market but you can’t trade off the chart, so this is where you have to look for your candlestick pattern to execute the trade.

Determine Forex chart support and resistance levels for actual candlestick patterns

So this is where you’re going to then move on to the candlestick pattern and I’m going to teach you the strongest and most effective candlestick pattern that I use every day, this is the perfect candlestick pattern it’s what I use every day if I didn’t have this, I wouldn’t get into a trade that would be a candlestick Bullish engulfing candlestick to buy or bearish engulfing candlestick to sell, I know you may have heard me say in the past but it is repetitive and redundant as far as it simply works and I don’t have to change anything in my trading strategy.

When it comes to technical analysis, there is nothing you need to change to correctly identify the market. The only way you can be sure that something is going in one direction versus the other is if you have momentum. How well can you identify momentum if the price is sweeping? Previous Price If the price is engulfing the previous price then it clearly shows the force movement and clearly shows that it is dominating this market, so this is the entry confirmation you are looking for to enter the trade.

Identifying the winner in Forex trades

For example, if you want to determine who wins a race well, you would identify that guy sweeping the other car and beating it by a large margin as a win, you want to bet on that guy well, same in the market you want to bet on the candlestick that he wins An engulfing candlestick that eats up the last couple of candlesticks and the only way you can bet is when you know it’s happening.

Imagine that you can bet on a race when you see who is going to win, and the odds of you getting a lot of money appear in front of your face because the winner is the winner. Already ahead, so you’re just betting on the winner, it’s the same thing here in the market once the market creates that engulfing bullish candlestick.

It’s the winner that goes ahead and that’s your confirmation that you can then get into the market it shows you who’s winning so you go with the winner now if you bet before you’re taking a little bit of a risk because, you don’t know if there’s a lock into the extent Big on the fact that the trade will go in that direction, it may be a better entry and you could have better odds but the odds are not so much in your favor as if you were already seeing who would win the race.

The candlestick pattern is one of the strongest Forex patterns

This candlestick pattern is not only one of the most powerful patterns but also the simplest because there are hundreds of different types of candles and these are all different types of indicators of when to enter a trade and when to avoid a trade but this is specifically the time to enter a trade so let me explain to you. What does this look like, so this would be a perfect example of a bullish candlestick pattern shown here so you can see how this blue candlestick has engulfed the last two candles.

This confirms that this trend is now going to the upside, and you can also see how this huge red candlestick is trending engulfing the last 1 two 3 4 five almost six candlesticks which is confirming that the market is now heading to the downside, you can see how this candlestick is engulfed here Roughly the last two candles and three candlesticks.

Daily time frame for a forex trading deal

Remember again that we are currently in the daily time frame meaning that this one day has consumed the last 3 days, which should give you an indication that there are a lot of sellers in the market, and you should be interested in the trading picture as if there is a race and there are 3 days in front of you.

Imagine the cars racing for weeks at a time, and one car is now 3 days ahead of everyone else and has a 3-day lead on all the other 3 cars, wouldn’t it make sense to bet on this guy that’s ahead versus the guys who are well behind, that’s the odds the market is giving you By entering into a trade after he has already shown you his hand with this overwhelming confirmation.

How Do Markets Work in a Linear Forex Trading Pattern Chart?

You must follow the rules to get the bonus, you can also see a perfect example of this engulfing candlestick here so you can see how this engulfing candlestick eats up the last two, three, or four candles here is an engulfing candlestick As you can see, this little candlestick did not eat the last red candlestick, So it doesn’t make it an engulfing candlestick.

And your commitment to the SOPs, even if the operation was, will commit to Pasto Loss and take you out, and then the arrow will bounce after you. In the example that we see here, for example, in the first case, the person who went in a little impulsively came out with a loss because he committed to Pasto Loss.

He was taking a risk at the VAP level, and when we entered the time frame, more precisely, we would find that he entered here and got up. He exited with a loss at the VAP level, and when he found another setup in another place, he re-entered at another point, and then he started to gain, and at one point he did not gain very much compared to the loss he suffered in the first place. For me, this is a good scenario. Stick to your plan, whatever its consequences.

Summary

You have to be very patient to wait for it to happen and this is where a lot of traders go wrong because they don’t want to be patient but at the end of the day, patience pays off and if you don’t have patience, you simply aren’t meant for it, sorry, it’s bad but If you don’t follow the rules of trading, you won’t succeed, it’s that simple, because why should you succeed if you’re not patient, I have to be patient to have the same success, it’s simply not fair and it’s not.