4 Green Candle Mon-Thurs and 1 Green Candle Friday - Vice Versa
Hi Traders,
Last week NZD started a strong bullish move from Monday to Thursday. This was followed by a strong bearish move on Friday. After seeing this, I recalled that another trader said in the forex group chat few months ago that 4 green candles in the week will be followed by the red candle at the end of the week and vice versa. So I scroll through the chart and noticed that this pattern occurred two other times in the recent months.
Is there a "official/proper" name for this pattern? Have you noticed this pattern before?
Share your thoughts.
Last week NZD started a strong bullish move from Monday to Thursday. This was followed by a strong bearish move on Friday. After seeing this, I recalled that another trader said in the forex group chat few months ago that 4 green candles in the week will be followed by the red candle at the end of the week and vice versa. So I scroll through the chart and noticed that this pattern occurred two other times in the recent months.
Is there a "official/proper" name for this pattern? Have you noticed this pattern before?
Share your thoughts.