Friday's candle (04102020) was a Doji. A Doji is an indecision candle. Notice this Doji formed at a resistance level confirming the price level at 1.09265 as resistance.
So how do we make trade decisions based upon this candle?
Before I can make a trade decision based upon this candle I need to see which direction this market is going to move in the future. Will this market breakout above resistance signaling the market wants to continue higher or will this market reverse off the resistance line indicating this market is ready to move lower.
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So how do we make trade decisions based upon this candle?
Before I can make a trade decision based upon this candle I need to see which direction this market is going to move in the future. Will this market breakout above resistance signaling the market wants to continue higher or will this market reverse off the resistance line indicating this market is ready to move lower.
PLEASE GIVE ME A THUMBS UP if you agree with this trading tutorial to help me become a TOP AUTHOR. Also please leave a comment on how I can improve the tutorial.
Want a second opinion analysis on a pair you are looking to trade? Feel free to send me a private message I enjoy sharing.
