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What need to we do when significant news is coming up though my trade is happening.I'm concerned that it will hit my end reduction.
Take note that the candle shaped at a swing higher and in a resistance amount that had been in spot for numerous months.
Trading price tag action (as explained pretty clearly inthis article), is about applying candle adhere and chart patterns in confluence with assistance and resistance regions, channel breakouts and many others.
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For whoever has adopted me for a while now, it can come as no surprise to listen to that my most loved candlestick sample could be the pin bar. These candles are characterised by extended upper or decrease wicks and depict a rejection of support or resistance.
I've documented all I have learnt in my books after which you can summarised this within a number of articles, videos, slides, infograms for free here: 12 Techniques for Wealthy Traders if you want to extra depth.
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