Candlesticks Patterns Tutorial - Trading Candle Chart Analysis Tutorial - Candlestick Patterns

Candle Patterns Forex - Candlestick Patterns Quick Reference Guide

The Japanese candlesticks patterns techniques also have very many candlesticks formations that are used to trade the FX market. These candlesticks patterns have different technical analysis explanation & the most common are:

The above candles patterns is what makes the Japanese candlesticks popular among technical traders & it is why this type of analysis are the most widely used when it comes to interpreting the currency exchange market. The analysis for these pattern formations in Forex trading is the same as that one used in stocks trading.

Advanced Candlestick Patterns Guides - Candlestick Chart Analysis PDF

Doji Advanced Candlestick Patterns Guides - Candlestick Chart Analysis PDF

This is a trading candle-stick pattern with same opening and closing price. There are various types of doji trading candles pattern which form on Forex charts.

The following examples show various patterns of the doji candle:

Long-legged doji trading candle pattern has long upper & lower shadows with opening & closing price at the middle. When the Long-legged doji pops up on a Forex chart it indicates indecision between currency traders, buyers & the sellers.

Shown Below is an example screen-shot image of the Long Legged Doji Forex candle sticks pattern

Doji Pattern - Doji Candle Patterns Analysis Guide

Doji Pattern - Doji Candle Patterns Analysis Guide

Marubozu Advanced Candlestick Patterns PDF - Candlestick Chart Analysis PDF

Marubozu trading candle pattern are long candlesticks that have no upper or lower shadows, Like the forex trading examples shown below.

Marubozu Candlesticks - Marubozu Advanced Candlestick Patterns PDF - Candlestick Chart Analysis Guide

Marubozu trading candlestick pattern are continuing candlestick patterns that show price is going to continue in the same direction as that of marubozu candlestick. The marubozu trading candles pattern can be white/blue or black/red depending on direction of the market trend.

Spinning Tops Candlestick Patterns Explained - Candlesticks Analysis PDF

Spinning tops trading candlestick pattern have a small body with long upper and lower shadows. These spinning top trading 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 trading candlesticks pattern are longer than the body. The example below shows the spinning top trading candle pattern. You can look for the pattern in your MT4 Platform forex charts. The example below shows a screenshot to help traders when it comes to learning and understanding these candle pattern.

How to Read Candlestick Charts - Spinning Tops Advanced Candles Patterns Guides - Candlestick Chart Analysis Guide

The color of the spinning tops candlestick trading candle sticks pattern is not very important, this formation explain the indecision between the buyers & sellers in FX 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 trading candlestick pattern formation.

Hammer Candlestick Pattern & Hanging Man Candlestick Pattern Analysis PDF

Hammer Candlestick Pattern & Hanging Man Candlestick Pattern look alike but hammer is bullish reversal trading candle pattern and hanging man is a bearish reversal trading candlestick pattern.

Hammer Candle Pattern and Hanging Man Candle Pattern Candles - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Guide

Hammer Candlestick Advanced Candles Patterns Lesson - Candlestick Chart Analysis PDF

Hammer trading candlestick pattern is a potentially bullish candle pattern which occurs during a forex downtrend. It is named so because the market is hammering out a market bottoms.

Hanging Man Candles Patterns Guides - Candlesticks Analysis PDF

This hanging man trading candle pattern is a potentially bearish forex reversal signal that forms during a forex uptrend. It is named so because it resembles a man hanging on a noose up high.

Hanging Man Candle Pattern - Candlestick Patterns Analysis Guide

Inverted Hammer Candlestick Patterns Guides - Candlesticks Analysis PDF

This is a bullish reversal trading candle pattern. It occurs at the bottoms of a Forex trend.

Inverted hammer trading candle pattern occurs at the bottom of a downtrend and indicates the possibility of reversal of the downward Forex trend.

Inverted Hammer Candle Pattern - Advanced Candle Patterns Examples - Candlestick Chart Analysis Guide

Shooting Star Candle Patterns Analysis PDF

Shooting Star is a bearish reversal trading candle pattern. It forms at the tops of a forex market trend.

Shooting Star trading candle pattern occur at the top of an uptrend in the forex market where the open price is same as the low & price then rallied up but was pushed back down to close near the open.

Shooting Star Candlestick - Advanced Candlesticks Patterns Lesson - Candlestick Chart Analysis Guide

Piercing Line Candlestick Patterns Analysis PDF

Piercing line candle pattern is a long black body followed by a long white body candlestick.

White body pierces the mid point of the prior black body.

This Piercing Line trading candle pattern is a bullish reversal trading 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 trading 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 trading candle pattern is displayed 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 - Advanced Candlestick Patterns Guides - Candlestick Chart Analysis Guide

Dark Cloud Cover Candle Advanced Candlestick Patterns Analysis PDF

Opposite of piercing candle candlestick.

This candle is a long white body followed by a long black body.

The black body pierces the mid point of the prior white body.

This is a bearish reversal pattern which occurs at the top of an uptrend.

Dark Cloud cover trading candlestick pattern that the market opens higher & closes below the midpoint of the white body.

Dark Cloud cover trading candle pattern shows that the momentum of the uptrend is reducing and the market trend is likely to reverse & move in a downwards forex direction.

Dark Cloud cover trading candle-stick pattern is shown known as a cloud cover signifying the cloud as a ceiling for the currency price upward forex trend.

Dark Cloud Cover Candle Pattern - Candlestick Patterns Analysis Guide

Morning Star Candles Patterns Guides - Candlesticks Analysis PDF

Morning Star Candle Pattern - Advanced Candlesticks Patterns Lesson - Candlestick Chart Analysis Guide

Evening Star Candlestick Patterns Guides - Candlesticks Analysis PDF

Opposite of the morning star candle sticks pattern

Evening Star Candle Pattern - Candlestick Patterns Analysis PDF - Candlestick Guide

Engulfing Candles Patterns - Candlestick Patterns Analysis PDF

Engulfing is a reversal trading candlestick 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 Trading Candles Patterns - Advanced Candle Patterns Examples - Candlestick Chart Analysis Guide

Candle Patterns Forex - Candlesticks Patterns Guides - Candlestick Patterns Quick Reference