Candlestick Patterns in Forex – If you are trading Forex, you need to be familiar with candlestick patterns and resort to candlestick patterns. in the forex market, you can trade at low risk with reverse candlestick patterns in forex
Candlestick Patterns in Forex
In this article, we will consider common candle patterns in Forex. You need to be familiar with these candle patterns. You should see it automatically on almost every chart.
Hammer candle, usually the Hammer candle occurs at the end of the trend. And it shows that the price will no longer fall. If the second candle is like the picture, that is, if my green and red candle are closed on it, it is a morning star pattern.
3 white soldiers
3 white soldiers, usually the same size 3 candles indicate that the trend is stable and the rise will continue.
Harami means thief in Arabic. the candle in the picture above is located in the middle section after the red candle. This is a harbinger of Ascension. You can also think of it as a pregnant bull. The Yesil Yesil is pregnant with the green candle, so the next one must be green.
Reverse Candlestick Patterns in Forex
Reverse candle patterns in Forex are usually a harbinger of decline. If you see the candles below, it means the fall is coming. But the process you enter without necessarily holding approval in candle patterns may disappoint you.
It’s called Hanging Man or Inverted Hammer candle, which means I’m not rising any more than enough. Or imagine someone hitting it with a hammer. The morning star formation is confirmed by the evening star formation in the opposite way.
Think of the shooting star candle as a reverse hammer, but it’s on the right. 2 for confirmation. wait for the red candle.
three black crows
three black crows are the reverse candle pattern of 3 soldiers.
Three methods of rising and falling
these two candle patterns are just as important as other formations. This is actually a correction and a buying opportunity. Here you should note that my Yesil 3 candles are red or green, so as not to exceed the large candle.
In this article we discussed Candlestick Patterns in Forex and Reverse candle patterns in Forex, please share our article
How to read candlestick forex
you will not forget to name the patterns as an object. This way you can read it easily.
best candlestick reversal patterns
hammer, soldier vs