How Do You Read Reversal Doji Candle Pattern?

This reversal doji candle pattern appears at market turning points & warns of a possible trend reversal in forex market trend. Shown Below is an example of this reversal doji candle stick pattern

Doji is a forex candlestick pattern with same opening and closing price. There are various types of doji patterns that are formed on forex trading charts.

A doji candle-stick is where price of a forex pair for a particular trading time period closes almost at same price. Doji candles look like a cross, inverted cross or a + math sign.

This reversal doji candle pattern appears at market turning points & warns of a possible trend reversal in Forex. Shown Below is an example of this reversal doji candle stick pattern

How Do I Read Reversal Doji Candlestick Pattern?

Analysis of Doji Candle Pattern - All doji candlesticks pattern explain indecision in the forex market this is because at the top of the buyers were in control, at the bottom the sellers were in control but none of them could gain control & at the close of the market the currency price closed unchanged at the same price as the opening price.

This doji candle stick pattern shows that overall price movement for that day was zero pips or just a minimum range of 1-3 pips. Reading these candlesticks patterns need very small pip movement between the opening price and closing price.