Forex Tips : Single Candlestick Behavior

This is one of the example of weakness for most of the indicators.
When a 30 minutes pushing up, the indicator changes very little, but that is already 90pips difference.

The real truth is that sometime it won't be a correct indicator but would be correct at the lower timeframe.

 

The solution is if a candlestick has push up within 30minutes, if you win this trade, you better close the trade when the next candlestick starts.

* If you are losing this trade, you may need to hold at least 1 hour to lose smaller.

* But if you do not know about this pattern, then you might close at the maximum lose.


* If you know you are winning this trade, based on indicators, you have to wait 6 hours in order to reach at the same level that forms at the first hour.
 


 

Candlestick is strong at this area. There is other weakness of the indicators, some are redrawing everything. Carefully know your indicators.