| Author |
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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