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Hello Traders, Welcome to my channel.
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Today I am going to show you how to trade its candlestick analysis.
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Let's start now.
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This is ERA HD chart, the trend is uptrend here.
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The minor trend is downtrend.
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I am going to conduct special classes if you are interested.
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You can find a restation link in the video description below.
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Let's start now.
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So here the trend is downtrend and the major trend is uptrend.
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So it's a level.
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From this point we are seeing reversal rejections, reversal every time.
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There is a level here as well.
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I am going to place a lower option trade.
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So I placed a lower option trade because you can see it's a reversal point.
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It reversed so many times from the same point here as well except here.
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So it reversed so many times from the same point there is a rejection and with compared
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to previous candle this candle is a weak candle.
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If this candle closes as a foolish candle like this we can expect here by its end.
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But it closed below this level with rejection means we can go with sellers only in the direction
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of the trend.
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So this is the next level and it's a break or can stick to.
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So there is a level here as well.
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So I am going to place a higher option trade.
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So I placed here a higher option trade because it's a level.
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It's a break or can stick, break out of this level and this level as well.
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It means the buyers may try to make a retracement can stick easily.
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That's why I placed here a higher option trade.
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I am going to place a lower option trade.
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So I placed a lower option trade because it's a trend line point this candle closed exactly
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below this level and the trend is a downtrend and there is a break or can stick means this
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candle might be a retracement can stick.
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That's why I placed here a lower option trade.
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So we can expect a downtrend till this point at least because it's a reversal point.
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So it's a reversal point.
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It reversed so many times from the same point.
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So there is a gap to this level and it's a reversal point and we are seeing green red
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pattern.
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So it may be a pull-ish candle too so better to avoid to trade on this candle.
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So after this candle I will place my trade.
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So you can see it's a reversal point.
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The market reversed so many times from the same point but here we are seeing a high value
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market but there is a rejection.
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So I placed here a higher option trade because there is a rejection.
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It's a reversal point.
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That's why we are seeing this type of retracement can stick.
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In the past story it's a low value market but here we are seeing so many reversals means
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we can expect a retracement can stick here because of this rejection it's a reversal
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point.
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That's why I placed here a higher option trade.
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So at least for one minute we can expect here a pull-ish candle.
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So I placed here a higher option trade because I am seeing a pull-ish candle and the next
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reversal point is here actually.
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You can see it's a reversal point.
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It means the market may try to make another retracement can stick easily here.
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That's why I placed here a higher option trade.
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Let's see what happens here.
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So after this retracement can stick we can go with sellers.
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It's a pull-ish candle.
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So it closed at this reversal point means we can expect now a pull-ish candle.
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So we can expect now a pull-ish candle because it's a reversal point in the direction of
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the trade.
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You can see there is a pull-ish candle.
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So I placed five trades.
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This is my first trade because it's a retracement can stick and the trade is a down trade and
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the next level is here.
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That's why I placed here a lower option trade and this is my second trade because of this
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break-out can stick.
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Because of this break-out and because of this break-out I placed here a higher option trade
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and this is my third trade because this candle closed at the level.
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It's a continuation of the break-out.
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So I placed here a lower option trade and this is my fourth trade because it's a reversal
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point.
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Previously it's a reversal point.
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That's why we are seeing retracement can sticks here and there is a rejection to that's why
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I placed here a higher option trade and this is my last trade because of this candle and
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the next reversal point is here means we can expect another retracement can stick.
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That's why I placed here a higher option because it's a reversal point from this reversal point.
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The next reversal point is here means buyers will try to fill this gap.
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Then the sellers may enter like this.
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That's why I placed here a higher option trade.
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So always trade in the direction of trade and absorb everything.
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Try to absorb the post-history like this too.
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Then you will get some levels to trade against the trend.
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If you don't get any level try to move with the trend.
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Thank you for watching my video.
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I will see you in the next video.
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