Hello!
Binary & FX Research, I am Satori.
Today, we will verify what the candlestick looked like just before a four-candle drop on the USD/JPY 15-minute chart.
The figure below is the USD/JPY 15-minute chart of the four consecutive bearish candles from 23:00 to 23:45 on Friday, May 31, 2019.
https://livedoor.blogimg.jp/fxmt4indicator/imgs/a/0/a0885757.gif
As shown in the chart above, during a rebound in a downtrend, if the candle immediately before 22:00–22:45 on 5/31 breaks below after being in a near-stalemate with a cross, it can trigger consecutive bearish candles.
This is because downward energy had been accumulating.
In such times, if you enter a sell at the opening price of the candle with consecutive bearish candles, there is a good chance to gain about 20 pips on a 15-minute chart, and
for Binary Options, if you buy a Low option, there is a chance to win multiple times at the 15-minute verdict.
In the above chart, after breaking below the support zone near the low of the 19:15 candle, it turned into a resistance-support reversal!
Even after confirming the resistance-support reversal, it is not too late to enter, so reading the chart calmly is also important!
Indicators related to today's article are as follows.
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Catch The Zone Indicator
Capture highs and lows within a zone, with signals, email alerts, and alerts!
When generating the latest candle, display the previous candle’s high/low in Japan Standard Time, and set secondary audio alerts depending on whether the previous candle was bullish or bearish!
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Thank you very much for reading up to today as well.
Then please stay well!
Technical Trade Blog Ranking
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Publisher: Art Brain Products
Binary & FX Technical Strategy Researcher
Satori Heart
Email: info atmark abproducts.biz
Blog: Chart Patterns and High Low:
http://fxmt4indicator.blog.jp/
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