Binary Options Trading Strategy: 01 sure shot pattern |
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Development/Formations of Pattern:
This Pattern consist on three candlestick. 1st Candle wick/Tail acting as
Support & Resistance 2nd & 3rd
candle real bodies must close under the 1st candle wick/Tail then take
position as per Bullish or Bearish
Setup.
How to take positions in different market conditions.
Trending:
In the trending (strong trend) market only take positions in the direction
of trend.
Ranging:
Take positions of both setups.
Choppy:
Don’t take any position.
Psychology of Pattern:
Bullish:
Candlestick “1” Can be the following type of candlestick shape.
There are millions shapes of candlestick. It may be differ from the given
bellow examples.
It’s just for understanding the concept.
“2” Candle body must Close under the 1 candle wick.
“3” Candle must close under the “1” candle wick.
Psychology of Pattern:
Bearish:
Candlestick “1” Can be the following type of candlestick shape.
There are millions shapes of candlestick. It may be differ from the
given bellow examples.
It’s just for understanding the concept.
“2” Candle body must Close under the “1” candle wick/Tail.
“3” Candle must close under the “1” candle wick/Tail.
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binary trading