Candlesticks Setup Patterns PDF
Top 10 Candlestick Setup Patterns in XAUUSD and their Technical Analysis:
How Do You Analyze Japanese Candles Patterns? - How Do I Read Japanese Candles Patterns? - Trading Study Candle-sticks?
Below is a beginner traders guide on how to read and interpret candle patterns:
Doji Candle-sticks Setup Patterns PDF
This is a candlesticks pattern with the same opening and closing price. There are various types of doji candlesticks pattern setup that form on XAUUSD charts.
following example show various patterns of the doji candle:
Long legged doji candlesticks pattern has long upper and lower shadows with opening and closing price at the middle. When Long legged doji appears on a XAUUSD chart it shows indecision between traders, buyers and sellers.
Below is an example snapshot of Long Legged Doji gold trading candlesticks pattern setup
Doji Pattern - Doji Candles Setup Patterns Lesson
Doji Pattern - Doji Candles Setup Patterns Lesson
Marubozu Candlesticks Setup Patterns PDF
Marubozu candlesticks pattern setup are long candlesticks that have no upper or lower shadows, Like displayed & illustrated below.
Marubozu Candle Sticks - Marubozu Candles Setup Patterns Lesson
Marubozu candlesticks pattern setup are continuing candlestick setups which show price is going to continue in the same direction as that of marubozu candle. The marubozu candlesticks pattern setup can be white/blue or black/red depending on the direction of the market trend.
Spinning Tops Candles XAUUSD Candlesticks Setup Patterns PDF
Spinning tops candlesticks pattern setup have a small body with long upper and lower shadows. These spinning tops candlesticks setups are referred to by this name because these candle-sticks arrangements are similar to spinning tops on a matchstick.
The upper and lower shadows of the spinning tops candle-sticks pattern setup are longer than the body. Example illustrated and shown below shows the spinning tops candlesticks pattern. You can look for the pattern in your MT4 Software charts. Example illustrated & shown below shows a screenshot to help traders when it comes to learning & understanding these candles pattern setup.
How Do I Interpret Candlestick Charts - Spinning Tops Candlesticks Setup Patterns Lesson
Colour of the spinning tops candle candles pattern setup isn't important, this pattern shows the indecision between buyers and sellers in the market. When these setups appear at the top of a market trend or at the bottom of the trend it might signify that the trend is coming to an end & it may soon reverse and begin going in the opposite direction. However, it's best to wait for confirmation signal that direction of a xauusd has reversed before taking the signal from the candlesticks pattern setup formation.
Hammer Candle Pattern & Hanging Man Candle Pattern PDF
Hammer Candle Pattern & Hanging Man Candle Pattern candlesticks look alike but hammer is bullish reversal candles pattern setup & hanging man is a bearish reversaltrading candlesticks pattern setup.
Hammer Candle Pattern & Hanging Man Candlestick Pattern - Candles Setup Patterns Lesson
Hammer Candlesticks Setup Patterns PDF
Hammer candle-sticks pattern setup is a potentially bullish candlestick pattern which occurs during a downwards trend. It's named so because the market is hammering out a bottom.
Hanging Man Candlesticks Setup Patterns PDF
This hanging man candlesticks pattern setup is a potentially bearish reversal signal which forms during a upwards trend. It's named so because it looks like a man hanging on a noose up high.
Hanging Man Candlestick Pattern - Candles Setup Patterns Lesson
Inverted Hammer Candlesticks Setup Patterns PDF
This is a bullish reversal candlesticks pattern setup. It forms at the bottoms of a XAUUSD trend.
Inverted hammer candle-sticks pattern setup forms at the bottom of a down trend and indicates the possibility of a reversal of the downward trend.
Inverted Hammer Candlestick Pattern - Candles Setup Patterns Lesson
Shooting Star Candlesticks Setup Patterns PDF
Shooting Star is a bearish reversal candlesticks pattern setup. It occurs at the top of a market trend.
Shooting Star ##2candlesticks pattern occur at the top of an up trend in the market where the open price is the same as the low ##3& price then rallied up but was forced back down to close near the open.
Shooting Star Candlestick - Candles Setup Patterns Lesson
Piercing Line Candlesticks Setup Patterns PDF
Piercing line candle pattern is a long black body followed by a long white body candlestick.
White body pierces the midpoint of the prior black body.
This Piercing Line candles pattern setup is a bullish reversal candles pattern setup that occurs at the bottom of a market downward trend. It shows that the market opens lower & 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 and move in an up-ward direction.
This Piercing Line candles pattern is displayed known as a piercing line signifying the market is piercing a bottom illustrating a market floor for price downward trend.
Piercing Line Candlestick Pattern - Candles Setup Patterns Lesson
Dark Cloud Cover Candlesticks Setup Patterns PDF
Opposite of piercing candlestick candle.
This candle is a long white body followed by a long black body.
The black body pierces the mid point of previous white body.
This is a bearish reversal pattern setup that forms at the top of an up-ward trend.
Dark Cloud Cover candles pattern setup highlights that the market opens higher & closes below the midpoint of the white body.
Dark Cloud Cover candles pattern setup highlights that momentum of the up trend is reducing and the market trend is likely to reverse and move in a downwards gold trade direction.
Dark Cloud Cover candles pattern setup is shown referred to as a cloud cover signifying the cloud as a ceiling for the price up-ward trend.
Dark Cloud Cover Candlestick Pattern - Candles Setup Patterns Lesson
Morning Star Candlesticks Setup Patterns PDF
Morning Star Candlestick - Candles Setup Patterns Lesson
Evening Star Candlesticks Setup Patterns PDF
Opposite of morning star candles pattern setup
Evening Star Candlestick Pattern - Candles Setup Patterns Lesson
Candlesticks Setup Patterns PDF
Engulfing is a reversal candle-sticks pattern setup which can be bearish or bullish depending upon whether it highlights up at the end of a market downward trend or at the end of a market upward trend.
Bullish & Bearish Engulfing Candle-sticks Setup Patterns - Candles Setup Patterns Lesson
Gold Candlestick Patterns PDF - Gold Candle-stick Patterns Explained
