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know of course. If you remember, in the previous chapter we talked about resistance being a sell area and support being a buy area. Yearly, monthly, weekly highs or lows. The Truth About Candlestick Analysis When Forex traders first start out they usually learn about candlesticks. After the 7am GMT candlestick closes, traders place two positions or two opposite pending orders. Traders follow news announcements and data releases that are typically likely to influence a particular market.

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Over the years I have refined reversal trade entries into a simple step-by-step process. In my course, I expand on this strategy, and I also share different price action strategies. But what they learn is usually useless. All price movement in Forex comes from bulls (buyers) and bears (sellers). What happens when the market approaches recent highs? You may have heard that maintaining your discipline is a key aspect of trading.

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