Tag: candlesticks
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Hammer
Hammer Bullish Reversal Pattern What is a hammer? The hammer is a bullish reversal candlestick. Most bullish reversal patterns this pattern will -occur within a downtrend or at the bottom of a trend -Often it is followed by a confirmation candle. Be aware with bullish reversal candlesticks this is a warning sign of a possible…
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Hanging Man
Hanging Man Bearish Reversal Pattern The hanging man is a bearish reversal candlestick. Most bearish reversal patterns this pattern will -occur within an uptrend or at the top of a trend -Often it is followed by a confirmation candle. Remember with bullish reversal candlesticks, these are warning sign of a possible change in trend, but…
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FTSE 100 price action scalping
FTSE 100 price action scalping Time frame: 5 Min / 1 min FTSE 100 Indicators used / Settings: none / Price Action ******************************** Entry Rules: This is a very simple strategy that uses no indicators only price action based on candlestick patterns. I use this scalping strategy on the FTSE 100 trading. It requires a…