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December 12, 2017
What strategies for Long White Boy of Candlestick chart on MT4 are appropriate?
Here is an example of Resistance with Long White Body and LWMA(50), when during thof e course of a decline, the appearance of a Long White Body breaking through a resistance above the LWMA(50). One could consider buying when the n...
December 12, 2017
What would be the strategies for Homing Pigeon pattern in Candlestick charts on MT4?
Her is an example of Homing Pigeon with CCI and SMA(20), when during the course of a decline the appearance of the Homing Pigeon pattern filtered by CCI at the oversold area. One could consider buying when the next candle exceeds ...
December 12, 2017
What would be the strategies when Tweezers in Candlestick chart appears on MT4?
Here is an example of strategies of Tweezers with RSI and SMA(20), in case during the course of a decline, the appearance of the Tweezers pattern filtered by RSI at the oversold area. One could consider buying when the next candle...
December 12, 2017
What is the strategy when Harami of Candlestick chart appears on MT4?
Here is an example of Harami with RSI filtering and SMA(20) as Take Profit Target, when during the course of a decline the appearance of a Harami pattern filtered by RSI at the oversold area. One could consider buying when the nex...
December 12, 2017
How would price move when Piercing Line in Candlestick chart appears on MT4?
Here is an example of Contrarian Entry with Piercing Line, RSI and SMA(50) as Take-Profit target, when during the course of a downtrend (or downward correction) the appearance of a Piercing Line pattern filtered by RSI at the oversold ar...
December 11, 2017
What would be the strategy when the Hammer is seen in Candlestick chart on MT4?
Here is an example of contrarian entry with Hammer, RSI and SMA (50). During a downtrend (or downward correction) the appearance of a Hammer filtered by RSI at the oversold area. One could consider buying when the next candle e...
December 11, 2017
What is Morning Star of Japanese Candlestick on MT4?
A long black candlestick forms in the direction of the prevailing trend, signifying that the decline is still in force. Next session gaps below, forming a small candle that acts as an obstacle to further decline. A long white candl...
December 11, 2017
What is Three White Soldiers of Japanese Candlestick chart on MT4?
At the end of the downtrend or decline, the presence of three consecutive long white candlesticks signify the end of the downward move and the beginning of a new move in the opposite direction. Each Marubozu opens below the previous c...
December 11, 2017
What is Homing Pigeon of Japanese Candlestick chart on MT4?
The decline continues to record lower prices as reflected by the long black candle. Next session is characterized by a smaller black body that is completely engulfed by the previous long black body, signalling weakness, setting the st...
December 11, 2017
What is Tweezers of Japanese Candlestick Charts on MT4? What does it indicate?
The market continues to trade in the direction of the established decline, registering lower lows. The next session is bullish, pushing prices higher. The matching lows indicate that a possible bottom may be in place and a reversal ma...
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