Showing posts with label Doji Candle. Show all posts
Showing posts with label Doji Candle. Show all posts

Wednesday, 18 June 2014

Doji Candlestick Pattern

The Doji is indecision between bulls and bears. A Doji signify the balance between supply and demand in the markets. Doji candlestick has long shadows. 
A Doji is formed when its open and close prices are the same or close to
each other.
doji candlestick has no or a very small body. A doji is a key trend reversal indicator.
Doji Candlestick Pattern


A Doji breakout setup provides an excellent risk to reward chance for Forex traders.
Price trader above the high of doji for a bottom reversal.
Price trader below the low of doji for a top reversal.
Doji Candlestick Pattern

Doji Candlestick Pattern