Forex Patterns Candlestick Meaning - Easy Way to Identify Patterns in Technical Charts
Encyclopedia of Candlestick Charts PDF - Candle-stick Setup Dictionary PDF
The List of Candle-stick Setup Dictionary PDF - Types of Candlestick Setups Example
The List of candles patterns used to trade FX - The top 10 most often used candles patterns used to trade the online market.
Doji Candles and Their Definition - Forex Candles Explained
Doji is a candlestick pattern with same opening & closing price. There are various types of doji candlesticks setup that form on charts.
The following examples explain various patterns of the doji candle:
Long-legged doji Candle Setup has long upper and lower shadows with opening & closing price at the middle. When Long legged doji pops up on a chart it shows indecision between currency traders, the buyers and the sellers.
Shown Below is example of Long Legged Doji candlesticks setup
Doji Candlestick Pattern - Doji Candles and Their Meaning Explained
Doji Candle Pattern - Doji Candles & Their Meaning Explained
Marubozu Candlesticks and Their Definition - Forex Candles Explained
Marubozu Candle Setup are long candlesticks that have no upper or lower shadows, Like the trading examples illustrated below.
Marubozu Candlesticks - Marubozu Candlesticks and Their Definition - Forex Candles Discussed
Marubozu Candle Setup are continuing candlestick patterns which show price is going to continue in same direction as that of the marubozu candlestick. The marubozu candles setup can be white/blue or Black/red depending on direction of the trend.
Spinning Tops Candlesticks & Their Meaning
Spinning tops Candlestick Setup have a small body with long upper and lower shadows. The spinning top candles are referred to by this term because these candles formations are similar to spinning top on a matchstick.
The upper and lower shadows of the spinning top forex candlesticks setup are longer than the body. The example below shows the spinning top Candlestick Setup. You can look for pattern setup on your Meta Trader 4 Software charts. The example below shows a screen-shot to help traders when it comes to learning & understanding these Candlestick Setup.
How to Read Candle Charts - Spinning Tops Candlesticks and Their Definition - Forex Candles Discussed
The colour of spinning top candle forex candlesticks setup isn't important, this formation shows indecision between buyers and the sellers in the trading market. When these setups appear at the top of a trend or at the bottom of trend it may signify that the trend is coming to an end & it may soon reverse & begin going in the opposite direction. However, it is better to wait for confirmation signals that direction of a currency has reversed before taking the signal from the Candlestick Pattern formation.
Hammer Candle Pattern and Hanging Man Candle Pattern Candles Explained
Hammer Candle Setup and Hanging Man Candle Setup candlesticks look alike but hammer is bullish reversal forex Candlestick Setup & hanging man is a bearish reversal forex Candlestick Setup.
Hammer Candle Pattern and Hanging Man Candlestick Pattern Candlesticks - Candles and Their Definition - Forex Candles Discussed
Hammer Candlesticks and Their Meaning Explained
Hammer Candlestick Setup is a potentially bullish candlestick setup which forms during a downtrend. It is named so because the market is hammering out a bottom.
Hanging Man Candlestick Meaning - Forex Candles Explained
This hanging man Candlestick Setup is a potentially bearish reversal which happens during a uptrend. It is named so because it resembles a man hanging on a noose up high.
Hanging Man Candlestick Setup - Forex Candles Meaning Explained
Inverted Hammer Candles & Their Meaning
This is a bullish reversal Candlestick Setup. It forms at the bottom of a trend.
Inverted hammer Candle Setup occurs at the bottom of a downtrend and indicates possibility of a market reversal of the downward trend.
Inverted Hammer Candle Pattern - Candles and Their Definition - Forex Candles Discussed
Shooting Star Candlesticks and Their Meaning Explained
Shooting Star is a bearish reversal Candle Setup. It forms at the top of a market trend.
Shooting Star Candle Setup occur at the top of an uptrend in the market where the open price is the same as the low & price then rallied upward but was forced back downward to close the open.
Shooting Star Candle - Forex Candles Discussed
Piercing Line Candlesticks and Their Meaning Explained
Piercing line candlestick setup is a long black body followed by a long white body candlestick.
The white body pierces the mid point of previous black body.
This Piercing Line Candlestick Setup is a bullish reversal Candle Setup that occurs at the bottom of a market downtrend. It shows that the market opens lower and closes above the midpoint of the black body.
This Piercing Line Candlestick Setup shows that the momentum of the downtrend is reducing and the market trend is likely to reverse & move in an upward direction.
This Piercing Line Candlestick Setup is shown known as a piercing line signifying the market is piercing the bottom illustrating a market floor for the currency price downward trend.
Piercing Line Candlestick Pattern - Candles and Their Definition - Forex Candles Discussed
Dark Cloud Cover Candles & Their Meaning
Opposite of piercing candlestick candlestick.
This candlestick is a long white body followed by a long black body.
The black body pierces the midpoint of the prior white body.
This is a bearish reversal pattern which forms at the tops of an uptrend.
Dark Cloud Candlestick Setup that the market opens higher and closes below the midpoint of the white body.
Dark Cloud Candlestick Setup shows that the momentum of the uptrend is reducing and the market trend is likely to reverse & move in a downward trading direction.
Dark Cloud Candlestick Setup is shown known as a cloud cover signifying the cloud as a ceiling for the currency price upward trend.
Dark Cloud Cover Candle Setup - Forex Candles Meaning Explained
Morning Star Candle Setups for Day Trading PDF - Forex Candles Explained
Morning Star Candle Setup - Forex Candles and Their Definition - Forex Candles Discussed
Evening Star Candlesticks and Their Meaning Explained
Opposite of morning star candlesticks setup
Evening Star Candle-stick Setup - Forex Candles and Their Definition - Forex Candles Discussed
Engulfing Candlesticks Setups - Forex Candles & Their Meaning
Engulfing is a reversal Candlestick Setup that can be bearish or bullish depending upon whether it appears at the end of a market downtrend or at the end of a market uptrend.
Bullish and Bearish Engulfing Candles Setups - Forex Candles and Their Definition - Forex Candles Discussed
Forex Patterns Candlestick Meaning - How to Identify Patterns in Technical Charts - Forex Candles Discussed
