FOREX ALERTS >>
DailyFX Plus Login

post of the day

Article

A Doji Candlestick
Wednesday, 04 November 2009 21:38 GMT  |  Written by Richard Krivo
Delicious
Facebook

Student's Comment:

Here is a doji on the chart, just before the change in direction.

Instructor's Comment:

Nicely done...

Remember that the primary signal provided by a doji is indecision and the potential for a change in direction.  Just because a doji makes an appearance on a chart does not automatically insure that a change in direction will occur.  When we see a doji, we can then be on the lookout for any change should it in fact occur.

Chart 11 04 09

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.

More Articles

Feedback Form