Good day guys, go on on daily basis chart once more as you can go, till now and look for these form of candles:
Bullish signal: false breakout/rejection of the low of the day before today, increased if the shadow of the signal candle is prolonged adequate, AND THEN shut ABOVE extreme's earlier day.
Pending orders above current candle extreme. 0.02 measurement? 0.01 pending order with a TP huge similar to the signal candle, 0.01 pending order with out TP, SL below the min of the pattern.
OPPOSITE for bearish indicators
You probably can search moreover on weekly
Second form of signal (bearish, screenshot 1 and 6): if the signal candle has all the situations nevertheless wouldn't shut beneath the day before today's low, BUT shut BELOW the open of the day before today, put a pending order not on the candle signal's low, nevertheless on the low of the day before today. Not a sturdy signal just like the distinctive, nevertheless okay
My backtest's outcomes on GBP/NZD (on daily basis) 1-2 years: 20440 pips (collectively with SL and with TP on every closing extreme).
Go on charts, do your backtests and report proper right here, i challenge you to fail
“If you have an apple, and i have an apple, and we commerce it, then you and that i on a regular basis have an apple for one. However when you have an thought, and i have an thought, and we commerce it, then we every have two ideas”