Trading Strategy Using Bullish Long Legged Doji - Forex And Binary Options
In this article I will share a trading strategy that we can apply in forex and binary options, using candlesticks Bullish Long Legged Doji pattern. The Bullish Long Legged Doji candlestick has high accuracy in making profits. In using the Bullish Long Legged Doji candlestick pattern, it is highly recommended to wait for confirmation first, in contrast to previous candlestick patterns that I have shared.
What is a Bullish Long-Legged Doji candlestick?
Bullish Long Legged Doji candlestick is a candlestick that has a Doji shape and a long upper and lower tail. We need to know that the Bullish Long Legged Doji is formed after a downtrend that lasted for quite a long time. For more details, let's look at the picture below which shows a Bullish Long Legged Doji candlestick.
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| Candlestick Bullish Long Legged Doji |
In using the Bullish Long Legged Doji candlestick we need to wait for confirmation before making a purchase. Wait for the confirmation of the Bullish candlestick that has actually appeared with at least 1 or 2 candles. To understand it better let's look at the picture below which shows the confirmation of the Bullish Long Legged Doji candlestick.
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| Bullish Long Legged Doji Confirmation |
Like the picture we saw above, there is a Bullish candlestick that has a long bar and a confirmation line that I give to clarify. The Bullish candlestick tells us that the Bullish candlestick has overcome the strength of the candlestick Bearish. In this case, we can predict that the price will go up to keep it going, and this is the time for us to make a purchase.
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