Monday 27 July 2015

3TJ - first, second and third pending order (explaination)



3TJ - first pending order

In 1 rectangle (USDJPY) we can see PinBar candle - this is clear ressistance.
In 2 rectangle which we use for this trade, we can see first candle that went up, and second candle that engulfing first bar and approve ressistance. First and second bar in rectangle two make 2 bar reversal setup. This is our base for trade (2 rectangle that approve ressistance).






3TJ - Second pending order

In rectangle 1 (GBPUSD) we can see engulfing pattern, in my setup plane this is 2 bar reversal, and that is our base for trade because, It's say to us that is area of ressistance.




3TJ - Third pending order

In rectangle 1 (NZDJPY) we can see in our setup plan 2 bar reversal (ressistance).
In rectangle 2 we see Pinbar and this is base for our pending order (approved ressistance).




This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.

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