Trading Identify Candles Setup Patterns

The list of xauusd Candlesticks patterns that traders should learn and know are:

Learn Candlesticks Patterns:

Below is a beginners tutorial on how to read and interpret candle patterns:

Doji Trading Identify Candles Setup Patterns

This is a candlesticks pattern with the same opening and closing price. There are various types of doji candles pattern setup which form on charts.

following example show various patterns of the doji candle:

Long-legged doji candles pattern has long upper and lower shadows with the opening & closing price at the middle. When Long legged doji appears on a chart it indicates indecision between traders, the buyers & the sellers.

Below is an example screen-shot image of the Long Legged Doji candle pattern

Doji Setup - Doji Trading Identify Candles Setup Patterns?

Doji Setup - Doji Trading Identify Candles Setup Patterns?

Marubozu Trading Identify Candles Setup Patterns

Marubozu candles pattern setup are long candles that have no upper or lower shadows, Like illustrated & displayed below.

Marubozu Candlesticks - Marubozu Trading Identify Candles Setup Patterns?

Marubozu candlesticks pattern setup are continuing candle patterns that show gold trading price is going to continue in same direction as that of marubozu candlestick. The marubozu candles pattern can be white/blue or black/red depending on the direction of the trend.

Spinning Top Candle-sticks Trading Identify Candles Setup Patterns

Spinning tops candles pattern setup have a small body with long upper and lower shadows. The spinning top candlesticks are referred to by this term because these candles formations are similar to spinning top on a match-stick.

The upper & lower shadows of the spinning top candlesticks pattern setup are longer than the body. Example illustrated & shown below shows the spinning top candles pattern setup. You can look for pattern in your MetaTrader 4 XAUUSD Platform charts. The example illustrated & shown below shows a screen-shot to help traders when it comes to learning & understanding these trading ++candlescandlesticks pattern setup.

How Do I Analyze Candle-stick Charts - Spinning Tops Trading Identify Candles Setup Patterns?

Color of the spinning top candle candlesticks pattern setup is not important, this formation shows indecision between buyers and the sellers in market. When these patterns form at the top of a trend or at the bottom of trend it might signal that the market trend is coming to an end & it may soon reverse and start moving in the opposite direction. However, it is best to wait for confirmation trade signals that direction of a has reversed before taking the signal from the candles pattern formation.

Hammer Candlestick Pattern and Hanging Man Candlestick Setup Trading Identify Candles Setup Patterns

Hammer Candlestick Setup & Hanging Man Candlestick Pattern candlestick look alike but hammer is bullish reversal candlesticks pattern setup & hanging man is a bearish reversalgold trading ++candlescandlesticks pattern setup.

Hammer Candlestick Setup and Hanging Man Candlestick Setup - Trading Identify Candles Setup Patterns?

Hammer Candlestick Trading Identify Candles Setup Patterns

Hammer candles pattern setup is a potentially bullish candle setup which occurs during a downward trend. It's named so because the market is hammering a bottom.

Hanging Man Candlestick Trading Identify Candles Setup Patterns

This hanging man candles pattern setup is a potentially bearish reversal trading signal which forms during a upwards trend. It's named so because it resembles a man hanging on a noose up high.

Hanging Man Candlestick Setup

Inverted Hammer Candlestick Trading Identify Candles Setup Patterns

This is a bullish reversal candlesticks pattern setup. It occurs at the bottom of a trend.

Inverted hammer candles pattern occurs at bottom of a down trend & indicates the possibility of a market reversal of the downward trend.

Inverted Hammer Candlestick Pattern - Trading Identify Candles Setup Patterns?

Shooting Star Candlestick Trading Identify Candles Setup Patterns

Shooting Star is a bearish reversal candlesticks pattern setup. It occurs at the top of a trend.

Shooting Star ##2candlesticks pattern setup occur at top of an up trend in the market where the open price is same as the low ++1and price then rallied up but was forced back ++1downwards to close near the open.

Shooting Star Candlestick - Trading Identify Candles Setup Patterns?

Piercing Line Candlestick Trading Identify Candles Setup Patterns

Piercing line candlestick setup is a long black body followed by a long white body candle.

White body pierces the midpoint of the prior black body.

This Piercing Line candles pattern setup is a bullish reversal candlesticks pattern setup which occurs at the bottom of a market downwards trend. It shows that the market opens lower and closes above the midpoint of the black body.

This Piercing Line candles pattern setup highlights that momentum of the down trend is reducing and the market trend is likely to reverse & move in an upward direction.

This Piercing Line ##1candlesticks pattern setup is displayed referred to as a piercing line signifying the market is piercing the bottom illustrating a market floor for the price ++1downwards trend.

Piercing Line Candlestick Pattern - Trading Identify Candles Setup Patterns?

Dark Cloud Cover Candlestick Trading Identify Candles Setup Patterns

Opposite of piercing candlestick candlestick.

This candlestick is a long white body followed by a long black body.

Black body pierces the mid point of the prior white body.

This is a bearish reversal xauusd pattern that forms at the top of an upward trend.

Dark Cloud candlesticks pattern setup highlights that the market opens higher & closes below the midpoint of the white body.

Dark Cloud candlesticks pattern setup highlights that momentum of the up trend is reducing and the market trend is likely to reverse & move in a down ward gold trading direction.

Dark Cloud candlesticks pattern setup is shown referred to as a cloud cover signifying the cloud as a ceiling for the price upwards trend.

Dark Cloud Cover Candlestick Setup

Morning Star Candlestick Trading Identify Candles Setup Patterns

Morning Star Candlestick Setup - Trading Identify Candles Setup Patterns?

Evening Star Candlestick Trading Identify Candles Setup Patterns

Opposite of the morning star candles pattern setup

Evening Star Candlestick Setup - Trading Identify Candles Setup Patterns?

Engulfing Candles Setup Patterns

Engulfing is a reversal candlesticks pattern that can be bearish or bullish depending upon whether it appears at end of a market downward trend or at the end of a market upward trend.

Bullish and Bearish Engulfing Candlesticks Setup Patterns - Trading Identify Candles Setup Patterns?

Candle Patterns PDF - Candlestick Setups Discussed