A price chart shouldn’t be hard to read or interpret. But all the ‘extras’ will give you a sense of mental fog.
The essential data lies in the price movement itself.
Candlesticks for example, give you 4 points of important data – the high, low, open and close price.
With this simple set of data you can tell a lot about what’s going on with a chart and anticipate future price moves.
Using the 4 data points of a candle above, we can identify simple ‘buy’ and ‘sell’ signals. The chart above illustrates a candlestick sell signal called the Rejection Candle Reversal pattern.
A rejection candle is the most common occurring candlestick reversal signal in the markets.
In the example,the candle shows the trader that the market rejected higher prices during that trading session
closing way off it’s highs.
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USDCAD - I want this pair to climb up a bit higher to the 61.80% which also lines up with my 1.31 psychological key level. From this fib retracement, if we can see a proper rejection off the 1.31 we could potentially make a new bearish leg.
I haven't been on Instagram for how many days
But at the same time it felt so good not to check my Instagram as much as I used to
I was mostly focused on refining on my trading, goals and improving my emotions
All I can see on Instagram is negative vibes
”Don't let negative energy affect you”.
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