In the Forex market million of people are engaging with their own knowledge of economic, political, technical, fundamental analysis in order to catch pips, and understanding market for better. So after technical analysis and also fundamental you have to do work with market sentiment analysis though it doesn't show you entry and exit trade point yet but you should not ignore it. But how? Well I am now focusing on these topics.
*Analysis how many candlesticks are bullish and bearish, how much bull and bear cadlesticks average range. (H1 or H4 frame candlesticks you may count)
*Follow COT report every Friday www.cftc.gov/MarketsReports
*Mark up when price bullish at the bottom and bearish at the top price.
*Mark up if more than 3 candlesticks is about equally high and low.
*Mark up market when price on Pivot, Fibonacci level.
*Mark up how much market price range.
*Mark up if market is squeezing.
*Analysis how many candlesticks are bullish and bearish, how much bull and bear cadlesticks average range. (H1 or H4 frame candlesticks you may count)
*Follow COT report every Friday www.cftc.gov/MarketsReports
*Mark up when price bullish at the bottom and bearish at the top price.
*Mark up if more than 3 candlesticks is about equally high and low.
*Mark up market when price on Pivot, Fibonacci level.
*Mark up how much market price range.
*Mark up if market is squeezing.
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You are always welcome and thanks a lot.