Price is in a zone. A bullish kangaroo tail prints to give buy signals to the eurusd traders. But hold on, wait a minute..the next day a bearish indecision candle prints. What do you do? We could interpret the market in 2 ways;
1. The bearish indecision candle could be creating support to strart a bullish trend.
2. A downward trend is jst starting..
A smart trader would wait for more confirmation. But a daring trader would look at the size of the candles first. Bearish candles are big too hence momentum. The kangaroo tail didn't break out of the range of the previous candle. The daring trader took a sell. Which one are you?
1. The bearish indecision candle could be creating support to strart a bullish trend.
2. A downward trend is jst starting..
A smart trader would wait for more confirmation. But a daring trader would look at the size of the candles first. Bearish candles are big too hence momentum. The kangaroo tail didn't break out of the range of the previous candle. The daring trader took a sell. Which one are you?