Yesterdays' candle is what we call the Trend candle right?
This is a strong bullish candle that happened as a result of some positive News or something like that.
Could it have exhausted some bulls? Not sure but the way to trade a Trend Candle within a Trend is to time an entry on a pullback. This can be done either on the same time frame or if you wnat to get cute with your entry then drop to a lower time frame.
e.g. here I show the H1 chart. Those two candles marked, with tails sticking out, were indicating buying interest.
I'm long, Are you?
This is a strong bullish candle that happened as a result of some positive News or something like that.
Could it have exhausted some bulls? Not sure but the way to trade a Trend Candle within a Trend is to time an entry on a pullback. This can be done either on the same time frame or if you wnat to get cute with your entry then drop to a lower time frame.
e.g. here I show the H1 chart. Those two candles marked, with tails sticking out, were indicating buying interest.
I'm long, Are you?