I have already opened some forex orders which I will let play for a long time.
I have not put a stop loss as with the quarantine I can watch them closely.
I ask for the Australian dollar to fall below the green line that exists.
In both cases we have candles on the top which means that the sellers attacked to drop the price.
The wicks are the lines that exist on the upper or lower part of the body of a candlestick.
In the charts here we had an upward trend but now we have reached a point where we have fuses at the top of the candles.
This means that while the candles were full they now began to empty and display the wicks.
So pressure of sellers (bears) against buyers (bulls) to reduce the price of the product.
If the situation starts and goes away upside down I will close the orders and try to ask for a drop to a higher point.
I have not put a stop loss as with the quarantine I can watch them closely.
I ask for the Australian dollar to fall below the green line that exists.
In both cases we have candles on the top which means that the sellers attacked to drop the price.
The wicks are the lines that exist on the upper or lower part of the body of a candlestick.
In the charts here we had an upward trend but now we have reached a point where we have fuses at the top of the candles.
This means that while the candles were full they now began to empty and display the wicks.
So pressure of sellers (bears) against buyers (bulls) to reduce the price of the product.
If the situation starts and goes away upside down I will close the orders and try to ask for a drop to a higher point.
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