Currently as this pair broken out from years of resistance the range here been doing its thing as what goes out come back. Yet we have another breakout. Will this be the official one. I think so
Why?
As wick are typical seen as rejection but once the understand of what made The Wick here it’s easy to understand the psychology of this pair.
Wicks , hammers candlesticks are take profit targets. Several candles with Tweezers together also take profit targets as they all show indecisiveness within the market thus price will take them out to make one rejection or acceptation . Same if you go long in there is indecisiveness below at resistance believe price will go there first.
Again we have big candle with low volumes= Exchange of candles .
One should be caution whenever there is a sharp change in price and should invest to see if volume support its
HOW TO TRADE LIKE THEM-
Why?
As wick are typical seen as rejection but once the understand of what made The Wick here it’s easy to understand the psychology of this pair.
Wicks , hammers candlesticks are take profit targets. Several candles with Tweezers together also take profit targets as they all show indecisiveness within the market thus price will take them out to make one rejection or acceptation . Same if you go long in there is indecisiveness below at resistance believe price will go there first.
Again we have big candle with low volumes= Exchange of candles .
One should be caution whenever there is a sharp change in price and should invest to see if volume support its
HOW TO TRADE LIKE THEM-
