Too small Dojis are NOT recommended either
Cross trading 5 NZD /USD (Picture above was 56.44 mins in the webinar)
You chose Doji B as the profitable cross bar
You said long legged Dojis are NOT recommended
Too small Dojis are NOT recommended either.
1.Why are long legged Dojis not recommended?
2. For Doji B, what is the target here?
3 For Doji B, what is the stop loss?
All about Candlestick Hammer pattern
Candlesticks patterns are being widely used by the traders to make a call for their trading.
The high accuracy rate of the predictions done by7 the candlestick patterns are making it gain more popularity to the traders’ community.
As a result,
different new patterns and predictions are adding in the directories of candlestick patterns.
The ‘Hammer’ is one of the most common patterns used by the traders.
The ‘Hammer’ is a bullish pattern which includes a single candlestick.
It is a reversal pattern.
The body can be either red or green.
The lower shadow is at least two times the size of the body,
which make it look alike a hammer.
A hammer is seen after a downtrend in the market.
The most important thing about a hammer is it looks quite similar to a hanging man.
the traders need to know the difference between these two as the hanging man predicts just the opposite of the hammer.
To figure it out,
the traders need to concentrate on the patterns of the previous days.
A hammer after an uptrend is considered as a hanging man,
as a hammer can only be seen after a downtrend.
A hanging man is a signal to sell for the traders,
just the opposite of the hammer.
another common question asked by traders is which one is more bullish,
a green hammer or a red hammer? A green hammer is more bullish than a red hammer.
A hammer is quite a clear signal to “Buy” for a trader.
knowing all the important candlestick patterns can help them have a safe investment along with a very exciting profit scheme.
That’s why more people are actually researching about the patterns and finding more accurate predictions for the traders.
Traders must know the best way to trust the patterns and act accordingly.