Candlestick Trading – Part 4
Knowing candlestick patterns is important, but knowing when to enter a trade is even more important.
Many traders see a pattern and immediately open a trade. This can be risky.
🥱💪🏻 Smart traders wait for confirmation.
For example:
If you see a Hammer pattern, wait for the next candle to close bullish before entering a long position.
If you see a Shooting Star, wait for the next candle to move down before entering a short position.
Patience is a key skill in trading.
Always combine candlestick patterns with support and resistance for better trading decisions.
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