Trading Strategy For Forex & Binary Options Using Bullish Dragonfly Doji

 Having previously discussed how to trade using the Bullish Long Legged Doji candlestick, on this occasion I will discuss "Trading Strategy For Forex & Binary Options Using Bullish Dragonfly Doji". This Bullish Dragonfly Doji candlestick has a level of medium accuracy. This means that in using the Bullish Dragonfly Doji candlestick, we must first make sure the information provided on This candlestick has been confirmed.

In using the Bullish Dragonfly Doji candlestick, confirmation is very important. Bullish Dragonfly Doji candlestick pattern formed by candlesticks doji, so it is very natural that this candlestick has a level of accuracy that is not too high than other candlesticks that I have shared. So that we can understand it better about the Bullish Dragonfly Doji candlestick, let's look at the picture below:

Bullish Dragonfly Doji Candlestick Image

The picture above shows that the Bullish Dragonfly Doji candlestick is formed by a Doji candlestick that has a long lower tail and does not have a top tail at all. We need to know that the Bullish Dragonfly Doji candlestick is formed after a fairly long bearish trend is formed. The Bullish Dragonfly Doji candlestick informs that in the beginning, the Bearish candle continued its dominance.

Then, either a bearish candlestick that weakens or a bullish candlestick that starts to get stronger. Actually, in this case, if we look at the candlestick only we don't know what will happen the next day. The reason is that the strength of the two armies looks equally strong at the end of the battle that price.

Therefore, the thing we have to do is wait for confirmation first. We wait until it is confirmed that the strength of the Bullish candlestick has been really can overcome or control the strength of the Bearish candlestick, To better understand it, let's look at the picture below:

Bullish Dragonfly Doji  Confirmation

In the picture above, you can see a blue candlestick that has a long bar and a confirmation line. The blue candlestick looks once through the line confirmed above. In this case, it means that the candlestick tells us that the Bullish candlestick forces are stronger than the Bearish candlestick forces. If you already have a confirmation like this, don't hesitate anymore to make a "UP" purchase.

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