What Is The A Book And B Book That Forex Brokers Use?
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When an engulfing candle forms the traders who had placed trades on the previous candle watch as their trades go from being at a profit to being at a loss, as the engulfing candle engulfs more and more of the previous candle these traders start closing their losing positions which causes the engulfing candle to get bigger and the price to move further in the direction of the reversal.
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This is what happens in a dark cloud cover candle: the buyers came in strongly on the first candle, pushing price strongly up. The second red candlestick generally would have opened higher and gone up a bit but then the sellers came in with such force and pushed price all the way down to halfway point or more of the 1st green candlestick.
From the 8th to the 11th century, the Vikings and Varangians traded as they sailed from and to Scandinavia Vikings sailed to Western Europe, while Varangians to Russia The Hanseatic League was an alliance of trading cities that maintained a trade monopoly over most of Northern Europe and the Baltic , between the 13th and 17th centuries.
When the high and close are the same, it indicates the formation of a bullish candlestick pattern, meaning that while bears tried to push prices lower, buying pressure from the bulls pushed up prices, with prices eventually closing at the same level as the day’s high.