Monday, March 31, 2014

Daily Candle's (Shooting Star or Hammer) to be on a look out for potential Trades

Daily Candle's to be on a look out for 

This is a list of the pairs which had a Candle Pattern to be on a look out for potential trades for reversals


  • GBPAUD Hammer (2)
  • CADCHF Shooting Star (4)
  • EURCAD Hammer (3)
  • EURNZD Hammer (3)
  • AUDCHF Shooting Star (2)
  • AUDUSD Shooting Star (3)
(Note 4 is the strongest)

Outlook Trade opportunity

To be on a lookout for any retrace and trade potential reversal

Risk Level Low


Tips -

Always take note of any economical news event on our provided calender below



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3 comments:

  1. UnknownMarch 31, 2014 at 4:28 PM

    Thanks great analysis indeed i will follow your advice

    ReplyDelete
  2. UnknownMarch 31, 2014 at 10:04 PM

    Howard - thanks for the analysis. Are you using traditional scoring for these candle patterns or your perspective of quality of pattern? thanks, padawanjim

    ReplyDelete
    Replies
    1. UnknownMarch 31, 2014 at 10:16 PM

      Jim, these are the scores which my candle indicator provides.. i don't know whats its based the scoring from, but the higher it is the stronger the rejection / wick

      Delete

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