In this example, you will see an evening star signal who’s third candlestick engulfs the first and second candlestick in the pattern. This is a high probability signal, although it usually does not make for a very good risk to reward scenario.Trading the Morning Star Candlestick Pattern, I mentioned that I prefer to wait for a pullback on signals that have an engulfing third candle. That’s exactly how I would have played the signal below.
By waiting for a pullback in price to the 50% mark of the large, third candlestick in this pattern, you either
create a more favorable risk to reward scenario, or you avoid the trade altogether.
In our example,we would have stayed out of the trade using this technique.
By waiting for a pullback in price to the 50% mark of the large, third candlestick in this pattern, you either
create a more favorable risk to reward scenario, or you avoid the trade altogether.
In our example,we would have stayed out of the trade using this technique.
Anmerkung
If you want to trade the market,and you still find it difficult because your strategey doesn't work or you don't know what to do, iam here, and i can help you.i have a trading method that helped thousands of traders
become profitable,it is easy, simple, and very profitable, and it will work certainly for you. if you are interested Just Send me A private Massege
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.