Forex Trading SetUp; Doji-Let the market decided

Today we will discuss about DOJI. Below you can see EURUSD weekly price movement. The second candle from right is DOJI, which surrounded by light blue box.

DOJI, do you know about it? 

DOJI is undecided price action. 

The trader don't have a clear picture where the pair will go. It's not because the bullish and the bearish have the same strength. The fact is trader wait for a confirmation. 

Because DOJI is undecided price action, where should the DOJI appear? 

It's like you don't now which road to pick, it's most like choose one from two choices. 

It's like choose BUY or SELL. So where's the best place to choose open BUY or open SELL? 

My answer is at the price level. At the support or resistance. Ok let's take a look EURUSD chart again. This time I will minimize it. 

Bingo. The DOJI appears exactly at the resistance level. Will it break the resistance or pull back. This what I mean by undecided. 

To trade DOJI, we should wait until the price break and close below the lowest price of the DOJI candle stick or break and close above the highest price of the DOJI candle stick. 

Today, April 13 2016 EURUSD break the the lowest. We can't trade it now. We should wait till the week finished. If the price close below the lowest DOJI candle it will trigger our sell signal. 

ENJOY YOUR TRADE