Forex Patterns Candlestick Meaning - Easy Way to Identify Patterns in Forex Technical Charts

Encyclopedia of Candlestick Charts Tutorial - Candle Pattern Dictionary PDF

The List of Candle Pattern Dictionary Tutorial - Types of Candlestick Patterns Example

The List of candles patterns used to trade Forex - The top ten most commonly used candles trading patterns used to trade the online forex market.

Doji Candles & Their Definition - Candles Explanation

Doji is a candle pattern with the same opening & 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 trading candle:

Long-legged doji forex Candle Pattern has long upper and lower shadows with opening and closing price at the middle. When the Long-legged doji appears on a Forex chart it indicates indecision between currency traders, the buyers & sellers.

Below is an example of Long Legged Doji Forex candles pattern

Doji Pattern - Doji Candlesticks and Their Meaning Explained

Doji Pattern - Doji Candlesticks and Their Meaning Explained

Marubozu Candles & Their Definition - Candles Explanation

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

Marubozu Candlesticks - Marubozu Candles & Their Definition - Candlesticks Explained

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

Spinning Tops Candles and Their Meaning

Spinning tops forex Candle Pattern have a small body with long upper & lower shadows. These spinning tops trading candles patterns are referred to by this name because these candles arrangements are similar to spinning top on a match-stick.

The upper and lower shadows of the spinning tops candlesticks trading pattern are longer than the body. The example below shows the spinning top forex Candlestick Pattern. You can look for the pattern in your MetaTrader 4 Platform forex charts. The example below shows a screenshot to help traders when it comes to learning and understanding these forex Candle Pattern.

How to Read Candlestick Charts - Spinning Tops Candles & Their Definition - Candlesticks Explained

The color of the spinning top candlestick trading candlesticks pattern is not very important, this pattern explain indecision between buyers & sellers in FX market. When these forex 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 might soon reverse and start going the other direction. However, it is better to wait for confirmation trading signals that the direction of a currency has reversed before trading the signal from this forex Candle Pattern formation.

Hammer Candlestick Pattern & Hanging Man Candle Pattern Candles Discussed

Hammer Candle Pattern & Hanging Man Candle Pattern look alike but hammer is bullish reversal forex Candlestick Pattern & hanging man is a bearish reversal forex Candle Pattern.

Hammer Candle Pattern & Hanging Man Candlestick Pattern Candles - Candlesticks & Their Explanation - Candlesticks Explained

Hammer Candlesticks and Their Meaning Explained

Hammer forex 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 Candle Meaning - Candles Discussed

This hanging man forex 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 Candlestick Pattern - Candlesticks Meaning Explained

Inverted Hammer Candlesticks and Their Meaning

This is a bullish reversal forex Candle Pattern. It occurs at the bottom of a Forex trend.

Inverted hammer forex Candle Pattern occurs at the bottom of a downtrend & indicates the possibility of reversal of the downward Forex trend.

Inverted Hammer Candlestick Pattern - Candlesticks & Their Explanation - Candlesticks Explained

Shooting Star Candlesticks and Their Meaning Explained

Shooting Star is a bearish reversal forex Candlestick Pattern. It occurs at the top 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 Candle-Stick - Candlestick Patterns for Day Trading PDF - Candlesticks Explained

Piercing Line Candlesticks and Their Meaning Explained

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

White body pierces the midpoint of the prior black body.

This Piercing Line forex Candlestick Pattern is a bullish reversal forex 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 Candlestick Pattern is shown known as a piercing line signifying the market is piercing the bottoms showing a market floor for the currency price downward forex trend.

Piercing Line Candlestick Pattern - Candlesticks & Their Explanation - Candlesticks Explained

Dark Cloud Cover Candlesticks and Their Meaning

Opposite of piercing candle candle.

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

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 forex Candle 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 & 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 the currency price upward forex trend.

Dark Cloud Cover Candlestick Pattern - Candlesticks Meaning Explained

Morning Star Candlestick Patterns for Day Trading PDF - Candles Discussed

Morning Star Candle Pattern - Candles and Their Meaning - Candlesticks Explained

Evening Star Candlesticks and Their Meaning Explained

Opposite of the morning star candles pattern

Evening Star Candlestick Pattern - Candlesticks & Their Explanation - Candlesticks Explained

Engulfing Candles Patterns - Candlesticks and Their Meaning

Engulfing is a reversal forex Candle Pattern that can be bearish or bullish depending upon whether it shows up at the end of a forex market downtrend or at the end of a forex market uptrend.

Bullish and Bearish Engulfing Candle Patterns - Candles and Their Meaning - Candlesticks Explained

Candlestick Patterns Meaning - How to Identify Patterns in Technical Charts - Candles Discussed