We’ve heard from a lot of our traders that the 6-Candle rule has completely transformed their trading and given them more confidence in their decisions. This rule will take some discipline to implement, but it can be a total game changer in your trade management.
Japanese candlesticks are a simple but useful tool in technical analysis, and the doji is one of its most powerful indicators for both bullish and bearish trades.
The Nov. 6-7 EURUSD reverse was not a ‘piercing line’, but close. The Nov. 10 session was not a bullish ‘inverted hammer’, but close. And Friday’s price action did not form a bullish hammer, but it was close.
Eurodollar futures are lower today with the yield curve steepening throughout the first three years. The technical conditions continue to deteriorate and the risk for a precipitous fall (though not likely today) has increased.
