EMkioko

EMkioko

Visual explanation on the chart.

EMkioko

Price is in a zone. A bullish kangaroo tail prints to give buy signals to the eurusd traders. But hold on, wait a minute..the next day a bearish indecision candle prints. What do you do? We could interpret the market in 2 ways; 1. The bearish indecision candle could be creating support to strart a bullish trend. 2. A downward trend is jst starting.. A smart...

EMkioko

Explanation in the chart

EMkioko

Classical example of a failed reversal. Price breaks out to the upside bt then reverses back in to the consolidation box in more than 50% of the box. This will call for an emergency stop loss. Then you wait.

EMkioko

Note that there are different confirmations depending on the characteristics. Eg; the last kiss, kangaroo tail, big belt, big shadow, among others

EMkioko

Chart

EMkioko

Idea on the chart

EMkioko Updated 

There are significant trendy kangaroo tails on the daily chart to signify exhaustion of price on the upside.

EMkioko

There are 2 bearish kangaroo tails on the daily time frames or otherwise trendy kangaroo tails to signify exhaustion of the upwards trend