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  • Results 1 to 10 of 1124

    Thread: mikehenley's trading journal

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    1. #11
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      Quote Originally Posted by forexianz View Post
      As we can see there is hammer formed. So we know that there is big buyer in there. So we can make buy position and set TP at 50 pips and above. I do believe this candlestick pattern will be helpful. Apart from that, we can see that the trend is still uptrend. So we just need to find buy opportunities. Wish you the best buddy.
      The Hammer is a very strong signal in the Forex business, It is rather strange based on its strength because of the fact that Hammer is a single Candlestick chart pattern signal and it is even more powerful and accurate than other Candlesticks that even have as much as 2 - 3 Candlesticks per signal like the bullish and bearish engulfing.


    2. The following 13 users say Thank You to GhostMode for this useful post.

      Ch Zeeshan (03-13-2018), chiko (03-13-2018), Honey Bee (03-13-2018), maxiipus (03-13-2018), mikehenley (03-13-2018), Unregistered (8)

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