Can you share an indicator that has helped you the most in your trading?
Before I had to used moving average (EMA), but currently I’m using candlestick with Fibonacci and trend line, it helps me a lot to improve my trading. You can try ‘The Candlestick Trading Bible’ book, it’s a good book and YouTube channel also has some more candlestick patterns.
As you can see the chart H4 on USDJPY, after engulfing candlestick appeared on H4 TF, the downtrend started from 134.xxx to 129.xxx.
Hope it help
Love that you also included a screenshot! Aside from the engulfing candlestick, are there others that you find more reliable than others?
Well, I also prefer to tweezer, the morning star, the evening star, harami (inside par), shooting star, hammer. These candlesticks usually work well on support & resistance zone.
Maybe Moving Average, but I don’t rely on only the trading indicator in my trading!
I have such a great experience with Fibo, since it shows so many important support & resistant levels!
Moving Average is another very good one, The main task is to filter out random fluctuations and highlight a strong long-term trend.
Agreed those are pretty telling candlesticks!
I usually prefer using moving average and RSI indicators because they work well on the market.