What i like about candlestick it can provide more information in glimpse of eyes. Many pattern build by candlestick such as Inside Bar, Outside Bar, Spinning Top, Double Top, Morning Star etc. Here i want share about Doji pattern which not happen really often but can give more winner probability.
First you may know Doji as seen here
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other form of Doji :
Sometimes looks like 'Cross-hair', anyway The Doji give us information about actual price in state of balance or indecision before next big move, continuation or reversal.
Note: a candle with a body of just a few pips, 2-4 pips, is considered a
Doji.
After understand about Doji, a real strategies start here. An important part is find 2 Doji in a row.
1. Find strong movement, up or down.
2. Spot 2 Doji in a row position.
3. Make the setup line High and Low of 2 Doji.
4. Make an entry position
5. Put SL, Put Profit
An example :
We find 2 Doji after an uptrend.
Mark the highest and lowest body of 2 Doji
Entry when breakout and put SL.
Scenario of TP
Done. Works in many pair with TimeFrame H1 and above.
Doji System
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