Iron Grip Financials

Iron Grip Financials

Accounting, Bookkeeping Services and Technical analysis investment tips. Free Telegram Trading Cha

04/07/2022

Candlestick patterns can be used to identify potential reversals. Waiting for confirmations and confluences can help avoid false signals.⁣⁣⁣⁣⁣⁣
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Traders often use multiple signs of trade validation such as indicators, candlestick patterns, price action and news.⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣

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01/07/2022

Bearish candlesticks can help you predict when prices may be about to reverse or continue. These candlesticks can be used to find good sell opportunities. ⁣⁣⁣⁣⁣⁣⁣

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27/06/2022

These reversal patterns are a sign that a strong move may be approaching. ⁣⁣⁣
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The Engulfing pattern is a two candlestick pattern where a small first candlestick is then followed by a large candlestick in the opposite direction. ⁣⁣⁣
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The Tweezer pattern can be found after an extended up or down trend. In this double candlestick pattern the first candlestick follows the general trend, and the second candlestick will be in the opposite direction, the wick lengths should also be of equal size. ⁣⁣⁣

20/06/2022

Keep in mind 🙌🏻 💯

13/06/2022

Higher highs and higher lows, price rising above the moving average and candlestick patterns can be used to spot a strong uptrend.⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣

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09/06/2022

The Bullish Engulfing Pattern appears when a large BULLISH candlestick engulfs the BEAR candlestick from the period before.⁣⁣⁣⁣⁣⁣⁣⁣
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This pattern usually occurs during a downtrend, and may be a signal for a trend reversal.⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣
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06/06/2022

The hanging man candlestick pattern represents a potential reversal during an uptrend.⁣⁣⁣⁣⁣⁣⁣⁣⁣
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The hanging man candlestick can be used as a signal for the market sentiment changing but should be done so with other confluences as a single pattern isn't enough evidence to enter a trade. ⁣⁣⁣⁣⁣⁣⁣⁣

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02/06/2022

When an uptrend occurs, each peak and trough is higher than the one found earlier in the trend. ⁣⁣⁣⁣⁣⁣⁣⁣
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These successive highs and lows are known as, 𝐡𝐢𝐠𝐡𝐞𝐫 𝐡𝐢𝐠𝐡𝐬 and 𝐡𝐢𝐠𝐡𝐞𝐫 𝐥𝐨𝐰𝐬.⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣

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31/05/2022

Scalping is a common term used to describe the process of taking small profits on a frequent basis. This is achieved by opening and closing multiple positions throughout the day.⁣⁣⁣⁣⁣⁣⁣
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Forex pairs which have higher liquidity are preferred as the spreads are generally tighter, making the short term nature of the strategy fitting.⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣

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03/11/2021
17/08/2021

Possible Head and Shoulders formation on EUR/AUD
1 D chart