Hey there. Highlighting one of my favorite candlestick patters, Tweezers.
Identifying:
Green bar. Red bar. Approximately same size bodies. Wicks are the same height. Ezpz.
The story:
During an uptrend, everyone is confident prices will continue to rise, so they continue paying more. "Bulls are in control" but really, it's just the average sentiment; prices...
How to trade a tweezer top/bottom:
1- They must placed at the end of a consolidated trend;
2- I usually put a SL some pips under low value of the pattern
3- I usually trade this pattern with a risk/reward of 3 if trendfollowing and 2 if not