Chart Learner

THE DABEL MARU TRADE

If you have been trying to fathom which area the price is looking for, try to find the root cause of the price reaction. The price will react to certain areas and one of them is the double marubozu candle.

When you find this Double Marubozu (famously called Dabel Maru), try to look at how the price is reacting to it especially when it occurs in a higher time frame like H4 and above.

This backtest would yield some kind of awareness of how the price reaction works and how you can anticipate this Dabel Maru area when it appears in front of your eyes.

I am showcasing the Dabel Maru that showed up in GBPUSD chart, not long ago. Feel free to have a further look at the post-mortem.

See you in the next post.