There are many people who would like to learn how to trade either Forex or Crypto. It is a very big deal in life to take such a decision, especially, when people have a FOMO habit. Trading is risk management that you can manage as itself said. To help you to have more encouragement to avoid FOMO and start your trading journey. This Clan brings you daily threads related to trading. So, feel free to check it out and pick some point. Practice it by interacting on a Demo account according to your crypto trading exchange or forex exchange of your choice.
Today, this Clan brings you CANDLE PATTERN LESSON.
Candle pattern is a very useful tool that can help you to predict what will be happening on the market movement, and where will it go. UP OR DOWN.
Let's keep an eye on Hammer and an inverted Hammer candle
Like what you see on this image below are HAMMER and INVERTED HAMMER.
Almost of time, this candle appears on a bearish run, after the pullback and correction. Keep in mind, if the HAMMER or INVERTED HAMMER(any color candlestick) candlestick is shown in the DOWNTREND chart, prepare to order your Buy position. It is a good sign of the beginning of the BULL RUN. If you combine price action and the keys indicators you will always make a profit.
Remember: "Your decision is more important than my ideas, however, my ideas may help you to make a decision"
Keep going and be wise. Save money as much as you can. Good luck with your trade.
