Hi, its been a while since the last post. I am a bit busy with another kind of job so I cannot post more about my trading experiences. Here, I want to add my trading arsenal with the price action strategy. As always, I do not believe in most fancy indicators. Price actions is the one and only strategy which gives me more profits each days. Here I want to show you a nice price action setup which you may read already on another blogs or someone else's website.
I do not know the name of this candlestick formation. Name is not too important for me :)
See the tiny candle on the peak of the chart. after a quite long bullish candle then the next candle is very tiny/small with short tail on each side. This candle formation will be a good short setup only when it breaks the previous longer bullish candle. See the entry line above. I open sell only when it break the longer bullish candle not the small candle. Stop Loss always put few pips above the highest point on the candle formation.
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