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