Posts Tagged ‘trade stock’

15
Feb

$$$ Currency Trading $$$

   Posted by: RaymondLee    in Forex, Make Money Through Forex

Currency Trading – Long Candlestick  and Doji

Remember that even after a doji is formed, it doesn’t mean to automatically short.Confirmation is required.Wait for a bearish candlestick to close below the long white candlestick’s open.
Whenever a doji forms after a series of candlesticks with long filled bodies(like black marubozus), the doji signals that sellers are weakening and becoming exhausted. More sellers are needed in order for the price to continue falling but sellers are all tapped out! Buyers are foaming in the mouth for a  chance to get in cheap.

currencies trading

currencies trading

While the decline is sputtering due to lack of new sellers, further buying strength is required to confirm any reversal.Look for a white candlestick to close above the long black candlestick’s open.

Forex Candlestick-long-black-candle-doji

Forex Candlestick-long-black-candle-doji


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