What is this EUR/USD chart telling ? Is the market undecided ? Range of the channel is about 4 pips.
First time I see so many consecutive doji. What is the bigger picture ? Thanks.
Is that the M1 timeframe? If so, it means very little. Ultimately though, doji just indicate indecision amongst buyers and sellers; sometimes indicating a potential reversal.
Yes, it’s the 1 min timeframe. Thanks for your answer.
Is telling you that is Bank holiday in US, so simple i forget it self…
Do not think of absolute in trading. When you say meaning, I interpret it as absolute. I may be wrong. Multiple dojis does not “Mean” anything, it only has the probability of reversing or just a consolidation.
Cheers,
FxTurtle
It all depends on where and which timeframe these multiple dojis form. In some instances, they will form alongside a couple of spinning tops, which of course is a good marker of a market consolidation.
Two or three dojis after a pronounced uptrend translates into trend exhaustion and a probable reversal.