Deposit binary option tutorial pdf 2016 trading tips and tricks
Then a down (red) bar comes, but it isnt quite an engulfing candle. A few seconds after another down (red) starts taking out the lows of prior up (green) candles.
Even though it was over a number of candles, it still shows the change direction. Once again, traders need to rid themselves of the notion that there is something magical about the close of a bar, especially in forex day trading.
For examples of how to use multiple bars to enter a trend during a pullback, see the ABC Forex Trading Strategy Video.