Sentences with phrase «price action pattern above»

If the Candlestick Recognition Master custom indicator forms a bearish candlestick price action pattern above price bars, it thus denotes a trigger to exit or take profit.

If the Candlestick Recognition Master custom indicator forms a bearish candlestick price action pattern above price bars, it is a trigger to sell.

Not exact matches

The price action has built a basing pattern that could support an uptrend above $ 8.00.

If this bullish chart pattern is to continue tightening up and forming higher swing lows, then the price action should continue holding above the 20 - day EMA.

Note: Depending on how you trade price action patterns, if you don't use the qualifying filters that I mentioned above, you might want to experiment with a 3:1 reward to risk ratio when trading the shooting star.

However, price action in recent weeks has shown some strength so one interpretation is that the break above or below the triangle pattern drawn in the chart above will dictate the next big move.

My strategy is the exact same as last year, which is to follow and trade the price action and the technical patterns that develop from it above all else.