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Topic: Become a Currency Trader |
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Syreetachen |
Posted: 27-Feb-21 04:30 |
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And, one of the candlesticks Overnight Millionaire Review patterns th at is widely used is the doji ("doji" refers to both singular and plur al form). Candlestick doji is an indecision candle that has its open p rice equivalent to its close price, or nearly the same.
As illustrated by the figure below, doji normally have very small bod ies that appear in the form of thin lines, or they may not have real b odies all together. Therefore, when they are seen on charts, they sign ify that neither the buyers nor the sellers managed to gain control of the currency pair. As such, a breakout is imminent.
To trade doji breakout, you should start by using an indicator such a s MACD or Bollinger Bands to confirm the breakout. With the MACD indic ator, you can use the trigger line to validate the breakout. If the do ji breakout is convincing, then it is likely that the histogram will t urn over to the direction you are going to trade.
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