Forexzilla.org

Today we wil show you how you can combine indicators and candlesticks patterns. The price is below 50MA and CCI is below 0 which means that the market is trending down and we should prefer the sell signals. The price retraces and tests teh 50 MA and at the sime time CCI shows up above the 0 line. Tou can see a hanging man candlesticks reversal patterns on the shart also. We place a sell order below the low of this pattern @ 1.2801 and stop loss @ 1.2835. A sell off follows and we can make profit from 30 to 110 pips.