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Technical Analysis - The Dynamic Dojis - A Trend Reversal Signal (Australia Session)

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The Doji is a single candlestick pattern that indicates weakness and a potential trend reversal.
 
This can be either a bullish or a bearish trend reversal, depending on where the Doji appears on the price chart.
 
The Doji is one of the most revealing signals in Japanese Candlestick trading and form when an asset pair open and close are virtually equal.
 
The Doji is not as significant if the market is not clearly trending.
 
The basic dynamic of the Doji is that bulls and the bears find themselves in equilibrium as prices close at or near where they open after they explore the highs and lows of the range.
 
If the Doji forms in an uptrend or downtrend, this is generally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend.
 
In theory, a Doji indicates that there are indecision and uncertainty in the market with neither buyers nor sellers able, or willing, to move the price to significant levels, which may indicate a weakness in the current trend and a possible reversal.
 
What should you expect to take from this tutorial?
 
The confidence to quickly apply what you have learned to your trading. 
How to use these techniques to find the highest probability trades.
Feel more confident in analysing the market quickly and efficiently.
 
 
Join me on September 25th, 15:00 AEDT!
 
About Rob Clayton
Rob is an Australian FX expert and former Westpac senior analyst with over 28 years’ experience in the markets.  Join Rob’s live webinar and find out how you can make use of specific technical analysis tools to help you make better smarter trading decisions!
Technical Analysis - The Dynamic Dojis - A Trend Reversal Signal (Australia Session)
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