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BEAT THE MARKET MAKER: 1min Predict Next Candle - Candlestick Psychology - YouTube
Channel: Kenny Earn
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[Music]
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hello traders
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welcome back to my channel hope you guys
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are doing great
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today i'm going to be showing you how to
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plug it in s
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candlestick using candlestick psychology
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and i hope you got value from my
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previous video and i sometimes it's your
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first time on my channel
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do have to hit the subscribe button and
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the notification bell
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so you can always get notified up when
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i'll play my next video
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and you can check out the link in the
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description of this video
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for your survey okay so
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today we'll be looking at
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aed usd
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so currently what we have seen that the
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market went tire
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came down went higher
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retrace a little and it's going higher
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so looking at the current market
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condition what i'll be expecting for
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this market
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is to hit this level
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and start dropping down like this
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what i'm expecting for this market now
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is to move like this
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so this is what i'm expecting
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so if it gets to this level it should
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retrace
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and maybe decrease a little and start
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coming down
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or if you see the pressure of bias then
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we know that the market might still be
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going higher
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okay so currently
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we are seeing weakness in bias now you
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can see sellers are coming in
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so this is the level
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okay
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okay i'll place my thread on the nest
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candlestick
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remember we are aiming for this level
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so it's in the market heater level okay
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very good
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the market has cedar level so i'm going
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to go with the lower option here
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okay so i place the lower option here
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because this is the level
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we analyzed from the start of this video
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i want to see the market move like this
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and hit that level
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and start retracing so that is why
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i went with the lower option there
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and this candle looks like a maribuser
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candlestick
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so hopefully we should be expecting some
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reversals from that level
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okay let's see the close of this candle
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i placed a lower option here because
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buyers just did a fake breakout
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if you don't understand the market you
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fall for this can do
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these effect breakouts hopefully
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sellout should bring the market down now
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and the market should start retracing
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okay let's see the close of this candle
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okay i want that trade sell us gaming
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and i place another lower option here
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again
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because we are a reversal candlestick
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from sellers we had a reversal
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candlestick that's the sign that the
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market wants to reverse
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and start coming down for lower prices
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so hopefully you should expect
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another seller's entry at this level
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okay let's see the close of this candle
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okay we have few seconds more
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okay that was an icm i won that trade
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so let's wait for the next candlestick
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so that we can
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can be able to frame up the nest street
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the beautiful thing about this market is
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to be in sync
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with the market algorithm
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that's what the core markets are going
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when you understand the markets are
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going
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you will be confused or be skeptical
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about the market moves so far as you
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understand the market upgrading
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you can be able to trade this market
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very well okay
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i think this is retracement candlestick
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we can still go with sellers
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okay so i place the lower option here
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because i know this is a retracement
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candlestick
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the market wants to move like this
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kind of forming an end pattern
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so the market should be dropping now
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from this level
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okay let's see the close of this candle
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okay we are a strong select entry there
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yeah placed the lower option again
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because we had a strong seller's entry
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so it's a sign that the market is going
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to give us
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another strong grade can do
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and it should be coming down
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okay so let's see the close of this
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candle
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okay i guess the market wants to be
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constantly editing at this level
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but you can stick with the lower option
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now
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so i place the lower option here because
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i think the market wants to move red
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green pattern
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it cannot be consolidation around this
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level
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i can tell you that the market is
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planning to
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drop down so that's why we are getting
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some of this consolidation here
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so hopefully sellers should come in now
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okay we have two seconds more
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okay i won that trip at the last minutes
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sell ask me
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okay i think this is not a bad day
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since the market is consolidating i have
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to stop
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so this was the first street i placed a
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lower option here
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because that was the level i targeted
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for the market to be coming down
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my bias made a fake breakout just for
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one minute
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and i saw that and i went to the trade
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immediately
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a lower option and i want that three
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and here the second trade i placed the
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lower option here
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because we had a reversal candlestick at
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that
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resistance area and i went to the
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lower option again because i waited for
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a treatment can do
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and after that retracement can do i knew
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the market should be coming down
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that's why i placed a lower option and
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here
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i went to the lower option again
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because of this strong rate can do by
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saying the market
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was constantly dating and it formed
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another green candle like this
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so i went to the lower option again
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believing that the market should be
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coming down
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from that level and you can see
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the market has been consolidating around
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this level
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for some time now but i tell you before
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you know it you start seeing huge
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red candle and the market will drop
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okay hope this video was helpful do also
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hit the subscribe button
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and the notification bell so you can
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always get notified when i upload my
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next video
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until next time i wish you all good luck
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and good trading
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[Music]
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you
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