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Be Flexible In Chart Trading

Posted in Forex Tips by forex on the November 20th, 2007

Where you stand in relation to the overall technical evidence may be more important than an individual candlestick pattern.

For example, a bullish candlestick in a major bearish  market should not be used as a buy signal. A bullish candlestick formation, especially when confirmed by other technical indicators in a bull market, would be a buying signal point.

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