Trading Strategies Based on Daily Candle Closings 📊

4 hours ago
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1️⃣ Key Focus: Analyze the previous day's candle for trend direction.
2️⃣ Bullish Close: Enter long when the candle closes above the previous day's high.
3️⃣ Bearish Close: Enter short when the candle closes below the previous day's low.
4️⃣ Confirmation: Use additional indicators (like RSI or MACD) for extra validation.
5️⃣ Risk Management: Set stop-loss just beyond the previous day's high/low.

Mastering daily candle closes helps predict the next day's price action! 🔥

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#DayTrading #Forex #CandlestickPatterns #TradingStrategy

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