Trading hammer candlestick
Hammer candle stick is a reversal pattern usually it formed at the bottom of the price
If the hammer candle is formed at support the possibility of next candle green is anticipated
Physiology:
The sentiment of hammer candle shows that the buyers in control and buying pressure Nd possibility of next candle will be taken by the buyers only
ENTRY: When you spot hammer the entry should be taken on next candle on confirmation of support level . If candle took rejection from support line from down to up we have to open a trade .
Following video shows about how we can trade hammer candle
https://youtu.be/gfbYjPaPgqo
Comments
Post a Comment