
Do you Recognize the 5 Main Features of a Profitable Doji?
Beto Posted 11 Nov. in #Analysis #Strategy #Patterns #Chart #Technical------------
Every time in forex trading we want to enter a position and get the best on profit with confidence and less risk.
Is very hard for most of traders to set up a trade having a lot of information about indicators, fundamentals, trading open sessions and few hours to check the charts.
But we can add few guidelines into our daily checks and to be confident if we see a candle with those features and to say "it could have high probabilities of success with less risk".
The doji or (Kangaroo tail)* is a pattern formation in price action that we can risk on it and get the better without spend hours and hours on the charts.
Candle bullish or bearish
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1.- The time frame is best no less than one hour.
2.- The candlestick have very long tails and very small body.
3.- The range of the candle must cover at least 7 previous candles and those candlestick are not bigger in size.
4.- The candle must to be in a zone that has not been trade at least one or two weeks.
5.- The open and close of the candle are contained by the range of the one previous candlestick.
Bullish
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The closing price must be higher than the open price.
The candle mu…