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- The essence of this strategy is to detect the trend of the currency pair in good time so that the trend can be caught much earlier than would otherwise be possible using conventional indicators.
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- All classic technical analysis patterns are easy to spot on an Heikin Ashi chart.
- By following the trend direction as indicated by the colors of the candlesticks, you can potentially avoid being wrong footed during whipsaw price action.
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Large red candle.
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