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Details about the most popular candlestick to trade the market

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    Details about the most popular candlestick to trade the market

    Everyone knows price action trading is the best way to trade the live assets. But if you do some research you will find the price action traders are not doing well. Majority of the price action traders don’t know the most reliable candlestick pattern. Though price action trading strategy is the best way to trade the live assets yet you should focus on some key factors. For instance, if you don’t spot the key support and resistance level with the high level of accuracy you will never find the best trades. Similarly, you need to know about the reliable price action candlestick pattern to execute quality trades at the support and resistance level. Now we will discuss the most reliable candlestick pattern used by the professional traders.

    The bullish morning start
    The bullish morning star pattern is extremely popular among the professional Singaporean traders. It allows them to trade the market with the high level of accuracy. Being a new trader you might not be trading the key levels but if you use this pattern at the key levels you will be able to make a huge profit from this market. Some of you might be trading the bullish morning star pattern in the lower time frame. But the lower timeframe price action signal is never accurate. Most of the time it hit the potential stop loss. So try to use the daily or weekly time frame to earn more money by using this signal.

    The pin bar
    Pin bar is one of the most favorite tools of the price action traders. It generally represents a reversal in the market. If you spot a pin bar at the key support level it means the market is most likely to go up. Similarly, if you spot a pin bar at the key resistance level it means the market is most likely to go down. When you trade the market you need to wait for the confirmation signal. In the Forex trading industry, nothing is absolute. So if you don’t trade with the confirmation signal you will have higher chance to lose money.

    The bullish engulfing pattern
    The bullish engulfing pattern is the most popular form bullish reversal signal for the long-term traders. We usually find this at the key support level. Those who are new to the Forex market should never trade the bullish engulfing pattern in the lower time frame. In fact, you need to use it only in the daily or weekly time frame. But make sure you are not risking a huge amount of money or else it will be almost impossible for you to make money in the long run.

    The bearish engulfing pattern
    The bearish engulfing pattern is usually spotted at the key resistance level of the market. The expert traders execute short orders and make a decent profit by trading this pair. When you use this pattern you need to be concern about the long-term trading strategy. Though this pattern is extremely profitable yet you should always follow proper money management to save your investment. If you trade with the huge risk it won’t take much time to lose your investment.

    By now you know about the most reliable price action confirmation signal. But this doesn’t mean you will become a successful trader without working hard. The mastering price action trading strategy is an art and you have to focus on the long-term market trend to make a consistent profit. You might not be able to spot all the reliable Japanese candlestick pattern at the initial stage but if you focus on the long-term market trend, things will become easier for you. If necessary you can also purchase books on price action signal to learn more about this system. But never trade with high-risk exposure even though this system is extremely profitable.
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