In this article, we will discuss the rule of 5 candles and reversal patterns. This rule can be useful for both novice traders and experienced bulls or bears. So if you didn't hear about it earlier, keep reading the post.
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Have you already found your perfect trading strategy? Then you probably know that even your outstanding system can malfunction. It happens because not all trading signals work out as they should. From time to time you have to close losing trades. But this cannot cause significant damage to your capital if you know how to control your losses.
Read Japanese Candlesticks as a Professional
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Back to the basics of technical analysis - reading and understanding Japanese candlesticks. To have a complete idea about the topic, make sure to read our previous article. Today we will take a closer look at the psychology of the market itself. You will learn to understand the general sentiment of traders using candlesticks. This will help make more accurate predictions about future price behavior.
Features of Japanese Candlesticks Analysis
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Earlier in our blog, we talked about the structure of Japanese candlesticks and the main candlestick patterns. Unfortunately, learning a few patterns might not be enough for a high-quality technical analysis. To understand and correctly predict further market behavior, you need to figure out how to analyze the Japanese candlesticks. Let's get down to it.
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