Is a Forex Doji Candlestick Bullish or Bearish? - The 3 Types of Forex Doji Candlesticks Patterns

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.

What Does Doji Candlestick Mean? Doji Candlestick Definition

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

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

The following examples explain various patterns of the doji candle-stick:

Long-legged doji candle has long upper and 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 buyer and the sellers.

Shown Below is example screen shot image of the Long Legged

What's Doji Candles in Forex? - Is a Forex Doji Candlestick Bullish or Bearish?

Cross Doji FX Trading Candlestick - Technical Analysis of Doji Candlestick Pattern

Cross doji candle pattern has a long lower shadow & a short upper shadow & open & close of the day is same.

This forex candle pattern pops up at market turning points & warns of a possible forex trend reversal in the Forex. Shown Below is as example of this Cross doji candlestick formation

Cross Doji Candlestick Pattern - Is a Forex Doji Candlestick Bullish or Bearish?

Inverted Cross Doji Candlestick Pattern - Technical Analysis of Doji Candle Pattern

Inverted cross doji candlestick pattern - candles have a long upper shadow and a short lower shadow & the open & close is the same.

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

Inverted Cross doji Candlestick Pattern - Is a Forex Doji Candlestick Bullish or Bearish?