I Always Trust The Candlesticks

I have mentioned many times that out of all the Forex trading strategies I know I simply prefer to trust the candlestick patterns in combination with the Bollinger Bands indicator. Take recent developments in the Gold trading chart, for example. On the daily filter chart you can clearly notice that the price has reached a strong resistance and has formed a shooting star right under it, which is a pretty solid signal for a movement to the downside. I trusted the candlestick pattern and shorted. As you can see, the movement to the downside did happen. I, personally, expect it to reach target 1185, where I will likely close my short positions.