How Do I Identify Candles Patterns?

The list of forex Candlesticks patterns which traders should learn and know are:

List of Candles Patterns - Learn Candlesticks Patterns:

Shown Below is a beginner traders guide on how to read and analyze candlesticks patterns:

Doji How Do I Identify Trading Candles Patterns?

This is a trading candle-sticks 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 candles pattern has long upper & lower shadows with opening and 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 Chart Pattern - Doji How Do I Identify Candles Patterns?

Doji Chart Pattern - Doji How Do I Identify Trading Candles Patterns?

Marubozu How Do I Identify Trading Candles Patterns?

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

Marubozu Candlesticks - Marubozu How Do I Identify Candles Patterns?

Marubozu trading candlesticks 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 Candlesticks How Do I Identify Trading Candles Patterns?

Spinning tops trading candle-sticks 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 candles 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 sticks pattern.

How to Read Candlestick Charts - Spinning Tops How Do I Identify Trading Candles Patterns?

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 candlesticks pattern formation.

Hammer Candlestick FX Trading Pattern & Hanging Man Candlestick FX Trading Patterns

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

Hammer Candle Pattern and Hanging Man Candle Pattern Candles - How Do I Identify Trading Candles Patterns?

Hammer Candlestick How Do I Identify Trading Candles Patterns?

Hammer trading candles 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 Candlestick How Do I Identify Candles Patterns?

This hanging man trading candlesticks 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 - How Do I Identify Candles?

Inverted Hammer Candlestick How Do I Identify Trading Candles Patterns?

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

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

Inverted Hammer Candle Pattern - How Do I Identify Candles Patterns?

Shooting Star Candle How Do I Identify FX Trading Candles Patterns?

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

Shooting Star trading candlesticks 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 - How Do You Identify Trading Candles Patterns?

Piercing Line Candlestick How Do I Identify Trading Candles Patterns?

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 candles pattern is a bullish reversal trading candlesticks 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 candles 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 candlesticks 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 - How Do I Identify Candles Patterns?

Dark Cloud Cover Candle How Do I Identify Trading Candles Patterns?

Opposite of the piercing candle-stick 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 candlesticks pattern shows that market opens higher & closes below the midpoint of the white body.

Dark Cloud cover trading candles 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 candles 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 - How Do I Identify Candles?

Morning Star Candlestick How Do I Identify Trading Candles Patterns?

Morning Star Candle Pattern - How Do I Identify Candles Patterns?

Evening Star Candle How Do I Identify Trading Candles Patterns?

Opposite of the morning star candle sticks pattern

Evening Star Candle Pattern - How Do I Identify Candles Patterns?

Engulfing Candles Patterns - How Do I Identify Candles Patterns?

Engulfing is a reversal trading candles 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 Candlestick Patterns - How Do I Identify Trading Candles Patterns?

Candlesticks Patterns Tutorial - Candlestick Patterns Discussed