How Many Types of Candlesticks are There? - Forex Candle Patterns
The top forex candles patterns used to trade Forex - The top ten most oftenly used forex candles patterns used to trade the online forex market.
Doji Forex Candlesticks Charts Patterns
Doji is a forex candlestick pattern with same opening and closing price. There are various types of doji candles pattern that form on Forex charts.
The following examples explain various patterns of the doji candle-stick:
Long-legged doji candle stick pattern has long upper & lower shadows with opening & closing price at the middle. When Long-legged doji pops up on a Forex chart it indicates indecision between currency traders, the buyers & the sellers.
Shown Below is example screen-shot image of the Long Legged Doji Forex candles pattern
Doji Chart Pattern - Doji Forex Candlesticks Charts Patterns
Doji Chart Pattern - Doji Forex Candlesticks Charts Patterns
Marubozu Forex Candlesticks Charts Patterns
Marubozu forex candlestick pattern are long candlesticks that have no upper or lower shadows, Like the forex trading examples shown below.
Marubozu Candlesticks - Marubozu Forex Candlesticks Charts Patterns
Marubozu forex candlestick pattern are continuing forex candle-stick patterns which show price is going to continue in same direction as that of the marubozu candle stick. The marubozu candlesticks pattern can be white/blue or Black/red depending on direction of the trend.
Spinning Tops Candlesticks Forex Candlesticks Charts Patterns
Spinning tops forex candlestick pattern have a small body with long upper and lower shadows. These spinning top candles patterns are referred to by this name because these candlesticks arrangements are similar to spinning top on a match-stick.
The upper and lower shadows of the spinning tops forex candles pattern are longer than the body. The example below shows the spinning top candle pattern. You can look for pattern on your MT4 Platform forex charts. The example below shows a screenshot to help traders when it comes to learning and understanding these forex candlestick pattern.
How to Read Forex Candlestick Charts - Spinning Tops Forex Candlesticks Charts Patterns
The color of the spinning tops candlestick forex candle-sticks pattern is not very important, this formation explain the indecision between the buyers & sellers in the FX trading market. When these forex chart patterns appear at the top of a forex trend or at the bottom of the forex trend it might signify that the forex trend is coming to an end and it may soon reverse and start going the other direction. However, it is better to wait for confirmation signals that the direction of a currency has reversed before trading the signal from this forex candlestick pattern formation.
Hammer Candlestick FX Trading Pattern and Hanging Man Candle Forex Trading Pattern
Hammer Candle Pattern & Hanging Man Candle Pattern candles look alike but hammer is bullish reversal forex candle pattern and hanging man is a bearish reversal forex candlestick pattern.
Hammer Candle Pattern and Hanging Man Candle Pattern Candles - Forex Candlesticks Charts Patterns
Hammer Forex Candlesticks Charts Patterns
Hammer forex candlestick pattern is a potentially bullish forex candle pattern which forms during a forex downtrend. It is named so because the market is hammering out a market bottoms.
Hanging Man Forex Candlesticks Charts Patterns
This hanging man candlestick pattern is a potentially bearish forex reversal signal which occurs during a forex uptrend. It is named so because it resembles a man hanging on a noose up high.
Hanging Man Candle Pattern - Forex Candlesticks Charts Patterns
Inverted Hammer Forex Candlesticks Charts Patterns
This is a bullish reversal candlestick pattern. It forms at the bottoms of a Forex trend.
Inverted hammer candle pattern occurs at the bottom of a downtrend and indicates the possibility of reversal of the downward Forex trend.
Inverted Hammer Candle Pattern - Forex Candlesticks Charts Patterns
Shooting Star Forex Candlesticks Charts Patterns
Shooting Star is a bearish reversal candle pattern. It occurs at the tops of a forex market trend.
Shooting Star forex candle pattern occur at the top of an uptrend in the forex market where the open price is the same as the low & price then rallied up but was pushed back down to close near the open.
Shooting Star Candlestick - Forex Candlesticks Charts Patterns
Piercing Line Forex Candlesticks Charts Patterns
Piercing line candlestick pattern is a long black body followed by a long white body candlestick.
The white body pierces the mid point of the prior black body.
This Piercing Line forex candle pattern is a bullish reversal candle pattern that occurs at the bottom of a market downtrend. It shows that the market opens lower & closes above the midpoint of the black body.
This Piercing Line forex candle pattern shows that the momentum of the downtrend is reducing and the market trend is likely to reverse & move in an upwards direction.
This Piercing Line forex candle pattern is shown known as a piercing line signifying the market is piercing the bottom showing a market floor for the currency price downward forex trend.
Piercing Line Candlestick Pattern - Forex Candlesticks Charts Patterns
Dark Cloud Cover Forex Candlesticks Charts Patterns
Opposite of piercing candlestick forex 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 cover forex candlestick pattern that the market opens higher & closes below the midpoint of the white body.
Dark Cloud cover forex candle pattern shows that the momentum of the uptrend is reducing and the market trend is likely to reverse and move in a downwards forex trading direction.
Dark Cloud cover forex candlestick pattern is shown known as a cloud cover signifying the cloud as a ceiling for currency price upward forex trend.
Dark Cloud Cover Candlestick Pattern - Forex Candles Patterns
Morning Star Forex Candlesticks Charts Patterns
Morning Star Candle - Forex Candlesticks Charts Patterns
Evening Star Forex Candlesticks Charts Patterns
Opposite of morning star candles pattern
Evening Star Candlestick Pattern - Forex Candlesticks Charts Patterns
Engulfing Candles Patterns - Forex Candlesticks Charts Patterns
Engulfing is a reversal candle stick pattern which can be bearish or bullish depending upon whether it appears at the end of a forex market downtrend or at the end of a forex market uptrend.
Bullish & Bearish Engulfing Candles Patterns - Forex Candlesticks Charts Patterns
Forex Candlestick Patterns PDF - Forex Candlestick Patterns Discussed
