Trading Strategy Hammer
The formation Hammer belongs to the trend reversal candlesticks. It is formed at the end of a downward trend. The candlestick is a long downward shadow in an increasing body. The shadow should be at least two and a half times longer than the length of the candlestick’s body. After the appearance of this kind of figure you could easily open a long position. In this case you could trade Call options. The figure is formed on all time frames. It could be used on frames from M15 and above. It can be seen in Figure 1.
This Trading Strategy is provided by Dimitar Petkov
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