here if you need. But there is one more thing we need to look at The indecision candle is forming on top of a resistance area. If you were to enter reversal trades based solely on indecision, it wouldnt work out too well What about when a bullish preceding trend heads into an area of resistance (sell area) or a bearish trend into support (buy area) and indecision forms? ( 9 votes, average:.11 out of 5) Loading. This question has three possible answers: buyers, sellers, or neither. I trade around 10 pairs regularly.
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Place areas on the body of a candle, the body is more important than the wick. The foundation of my Forex trading strategy is reading and understanding the story of price. For long trades you set your entry a few pips above the high of indecision, and a few pips below the low. The minimum risk to reward ratio I use is 1:1.5. How do you analyse whos in control of price? Rounded numbers such.0000 and.0500 (also called psychological levels) All time highs or lows.
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