Can you blend or put together many candlesticks together in your head? If you can do this your profits and win rates will improve.
Blended several four hour candlesticks together to make a Bullish piercing pattern: on AUDJPY
1) Look for a sharp down move (Bearish) - two /4 hour candlesticks
2) Look for a move up (Bullish)- three/4 hour candlesticks= with price action closing above 50% of previous RED or bearish move down.
3) Then do a buy order at that time with stop below lower bullish move and take profit or targets of 1:1 to 1:2, especially if day trading.
---Chart example if a great set up to trade: Look at highlighted boxes- what do you SEE?
---Yes, this blended candlestick idea can work on any time frames, but as usual higher time frames work better then lower time frames.
IF, you can blend candlesticks together (some you tube videos on this idea too) you will be able to take an astronaut view on trades and not get tunnel vision but see the bigger picture or marco picture and see what price action on chart is telling you and direction or momentum is taking pair too. If you understand price action in the highlighted rectangle boxes on chart- then try to do this on other charts- find harami, engulfing, pin bar, etc... setups.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.