This is my first post, I hope everyone has benefited.
"Don't wait for the opportunity; create it by understanding the language of Japanese candlesticks. Each candlestick tells the story of price movement over a specific time period.
Basics:
· Body: Shows the opening and closing prices. Green for up, red for down.
· Wicks: Indicate the highest and lowest prices reached by the candlestick.
My tested strategy:
1. To enter a buy trade: Wait for the appearance of a morning star pattern or a bullish engulfing candle near a support area, with confirmation from other indicators like volume.
2. To enter a sell trade: Wait for the appearance of an evening star pattern or a bearish engulfing candle near a resistance area.
