Forex trading charts.

BINOTRADER

Active Member
21 Feb 2021
501
79
28
THEO-007
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.

JPG.jpg


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.
 
Last edited:

BINOTRADER

Active Member
21 Feb 2021
501
79
28
THEO-007
I opened two commands that you saw above on Tuesday.
Yesterday I sold I got 150 euros close and that's it.
You see nowhere have I put pointers, oscillators, tools.
No dear friends.
None of them exist.
There is simply the knowledge of diagrammatic formations.

JPG.jpg


So I saw a "L" type peak in the left diagram and a "L" type peak in the right.
The first formation turned into a double peak and fell while the first fell directly.
For see today they arrived within 4 days.
Easy money and simple.
Just let the mind and positivity work a little.
There are two articles in here for diagrammatic formations but also knowledge of candlesticks.
These are very important articles.
Key articles.
Those who want to read them.
 
Last edited:

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