They place their entry orders at significant price levels. The candles all closed lower than they opened, they all created new lows beyond the previous candles low and they all had small upper wicks in comparison to the candle body. Price stalls and we get indecision forming on top of that area. Support and resistance areas divide your chart up into buy and sell areas. That is the story of price for this chart. Because the Forex trading strategies that work best are simple. As for time frames, I currently trade these. He analyzed the stock price data for around 70 years and found out that human psychology (emotions, fear and greed) drove the market and that it moved iteratively.
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