Tweezer

Traders we continue to cover basic Candlestick patterns and strategies that you can use in your daily trading. So today we’re going to cover the strategy to other which is a strategy that is very common in Haiti. And it presents one of the most reliable reversal strategies paton’s. There are two types of features US and many other Kansi Bathurst’s that are at the top the fees are bottom. So in this particular chart pound the dollar. For our chart we have a trend and this is the first the first step or a condition that. You must fulfill if you will, If you believe that this feature pattern in place so this is an uptrend obviously you can be pushed higher be pushed to a kind of more than 350 pips to the upside and then at the end but the top is actually of interest. So we have to Candlestick and tweets that these are in Candlestick pattern. In this particular case we can buy the bearish tweezer top of that awkward at the end of an actor and you can see there for a scandal that the Bulls the price higher. Close near the heights of the hype, but the closer to the high. End. However, on the second day the price opens it does not create, and you have a stream reporting conditions so we don’t really higher than the previous scandal, but are more or less Suvi we push lower and the trend or to sentiment reversed completely. So the market more or less as I said opens and strait goes down, meaning that the entire gains of the day or the previews the previous day so we I said Shreveport and important conditions. First, it’s a trend. Second conditions. Hold to be that are talking about two candles. First one bullish second money is a bearish and the second one does not create a new high. We are talking about bearish trees are tops and of course that did it all. Everything that has been gained the previous day must be erased the second candle. Lisa knew that the bears are stronger than the Bulls since we had the lows and the Bee erased all the gains from yesterday. And as you can see in this chart the LBL will be pushed over, especially once you see the information in this huge along or read candle.

This means that you are going to continue down unlike some other bathroom’s that more or less offer us a sign of what is going to happen in the future. Too easy it can be traded almost immediately as soon as you have the close of the second candle. You can actually trade a pool just above the highs and then look below for the first. There’s the sense where you’re going to take your profits off of the table so that pound, dollar chart book again after the correction. Here we have again a minor uptrend. B go from 30 to 40 70 for more than 200 peeps and at the top we have a long Bushkin. But the second candle is longer and it does not create a new high. So a 1 1 bullish from bearish again, but the bearish prevails which means that again reveals a pattern and the push immediately lowered. On the other side bullish tweezer bottom. Is a Coors during a downtrend and bears continue to take the price lower as you can see. So we have a downtrend. Look, we have a big push here. From 120 350 to 120 250 so no one trading session or be put forward hundred pages. But at the bottom of what we have reversed so since the candle the candle the second candle the bullish candle opens at the bottom it does not create a new high. It erases all of the gains from the previous year from the previous scandal and then it starts pushing higher creating higher and higher highs. So again we are talking about the reversal in the price action and the US as it is the bearish tweezer pattern in this case if you’re looking to enter into the trade you can resist reversal which means it is a quadrilateral pattern quarter of a reversal pattern that you enter into the trade. You put your stock closed below the previous low and then you’ll look depending on your risk management. What are you trying to get it depends for example, let’s see, this example. So if you wanted to do trade you can see the price drop here at this low. So if you have entered here after that, after the Kendrew has closed at 22 55 until 30 to 95 you could have 40 pips take profit while your stop loss for the family perhaps or 2 to 1 or a reward. You know this particular trade presence. So again we said is a reversal pattern. It’s a common one. You can find in your everyday chart charts. It’s extremely up also reliable on daily and weekly charts and it shows that the market is reversing its reversal pattern.

The market is reversed and then you can start thinking about entering trades to ride the upcoming trend.

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