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Japanese Candlestick Patterns PDF
In this easy to read Japanese Candlestick Patterns PDF, we share the basic of Japanese Candlestick Patterns to the most profitable repeating patterns found in the Japanese Candlestick technique. You will have the opportunity to quickly learn the Bullish Candlestick Patterns as well as the Bearish Candlestick Patterns. We have it illustrated in simple visual format that you can easily memorize. We intentionally do this because this is what it takes to recognize such repeating candlestick patterns that happens everyday in the Forex world. So go ahead and download. It’s FREE!
We got this from 10 Keys to Successful Forex Trading. We love it some much and thought of sharing it here with you. Wherever you are now in your Financial Journey… as long as you remain determined and focus, everything and anything is possible. Believe it!
The Habit Poem I am your constant companion.
I am your greatest helper or heaviest burden.
I will push you onward or drag you down to failure.
I am completely at your command.
Half of the things you do you might as well turn over to me and I will do them – quickly and correctly.
I am easily managed – you must be firm with me.
Show me exactly how you want something done and after a few lessons, I will do it automatically.
I am the servant of great people, and alas, of all failures as well.
Those who are great, I have made great.
Those who are failures, I have made failures.
I am not a machine though I work with the precision of a machine plus the intelligence of a person.
You may run me for profit or run me for ruin – it makes no difference to me.
Take me, train me, be firm with me, and I will place the world at your feet.
Be easy with me and I will destroy you.
I am Habit.
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EURCAD took a strong Bearish move on the H4 chart on the last Friday. The price broke an H4 up trending Trendline and then started having a correction. The price is near a significant level of Resistance at the moment. If the price is held by the current H4 candle and then it produces an H4 Bearish Engulfing candle and a breakout towards the downside, then selling the pair would get us some green pips with an excellent risk and reward ratio. Let us have a look at the H4 EURCAD chart.
EURCAD Price Action Analysis – 23rd July 2018
Have a look at those H4 Bearish candles and the correction. The level of 1.54245 is the level that has to be held and to produce that H4 Bearish Engulfing Candle. This is the level, where price had reacted heavily earlier. Thus, this level has all the potential to be the level of Resistance today. The level of 1.53955 has to be broken by that H4 Bearish Engulfing Candle though to take the short entry. Let us have a look at the summary of the trade…
None of the currency of this pair has any high impact news event today. Thus, the signal could come at any time. However, the best time that the signal might come just after the next H4 candle finishes. I also assume that the pair would not take too long to hit the profit target if initial things go accordingly.
The post EURCAD Price Action Analysis – 23rd July 2018 appeared first on Advanced Forex Strategies.