Candle hunting sounds like some sort of freaky hobby, when really we’re talking about looking for candle patterns.
The AUD/JPY has had a couple in recent bearish bounces.
First off, to be clear, the trend is down and that’s the mood we want to be in here (… not down, but bearish) Name of the [...]
Archive for the ‘Candles’ Category
Candle hunting on AUD/JPY
Posted in Australian dollar, Candles, Japanese yen, tagged aud, aussie, buy signals, candle patterns, evening star, forex, hammer, harami, jpy, yen on January 30, 2008 | No Comments »
Tweezer bottom
Posted in British pound, Candles, Japanese yen, tagged pound, yen, jpy, gbp, forex, gbp/jpy, candle, candle pattern, tweezer, tweezer bottom, reversal on November 14, 2007 | 2 Comments »
A group of you students and I were talking about this today in the Advanced Currency 6 (advanced news analysis) trading room earlier in the morning. The GBP/JPY closed through the half-way point on its long candle yesterday, and has now risen even more. When we talked about this, the pair was going [...]
