Part Two: Candlesticks & Patterns
*When you look at 1 hour time frames-- can you recognize & react to either candlesticks and/or patterns? If you are doing 1 hour or longer trades this is time frame that you should break down & understand. Just like on all trading frames, not all candlesticks tell you much, some only candlestick depending on where they are on indicators mean a lot more, then other ones.
On GBPUSD (1 hour) time frame chart, I've picked out some ( you might be able to find more) basic candlesticks and either bearish or bullish patterns. What happens after these candlesticks an/or patterns happen? buy or sell?
Understanding price action, money management & candlesticks will keep you profiting in trading. Good luck!!!
*When you look at 1 hour time frames-- can you recognize & react to either candlesticks and/or patterns? If you are doing 1 hour or longer trades this is time frame that you should break down & understand. Just like on all trading frames, not all candlesticks tell you much, some only candlestick depending on where they are on indicators mean a lot more, then other ones.
On GBPUSD (1 hour) time frame chart, I've picked out some ( you might be able to find more) basic candlesticks and either bearish or bullish patterns. What happens after these candlesticks an/or patterns happen? buy or sell?
Understanding price action, money management & candlesticks will keep you profiting in trading. Good luck!!!
