List of Forex Trading Candlesticks Patterns Described

The List of all Candle Patterns - Types of Candlestick Patterns Explained

The List of candle-sticks patterns used to trade Forex - The top ten most oftenly used candle-sticks patterns used to trade the online forex market.

Doji Types of Candles - List of Candles Patterns Discussed

Doji 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 Types of Candlesticks Patterns Explained

Doji Pattern - Doji Types of Candlesticks Patterns Described

Marubozu Types of Candles - List of Candles Patterns Discussed

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

Marubozu Candlesticks - Marubozu Types of Candlesticks - List of Candles Patterns Discussed

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 Candlesticks Types of Candles Patterns Discussed

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 Types of Candlesticks - List of Candles Patterns Discussed

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 Types of Candles

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 - Types of Candlesticks - List of Candles Patterns Discussed

Hammer Candlestick Types of Candles - List of Candles Patterns Discussed

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 Candlestick Types of Candlesticks Patterns Explained

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 - Types of Candlesticks Patterns Described

Inverted Hammer Candlestick Types of Candles Patterns Discussed

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 - Types of Candlesticks - List of Candles Patterns Discussed

Shooting Star Candle Types of Candlesticks Patterns Explained

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 - Types of Candlesticks - List of Candles Patterns Discussed

Piercing Line Candlestick Types of Candles Patterns Discussed

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 - Types of Candlesticks - List of Candles Patterns Discussed

Dark Cloud Cover Candle Types of Candles - Candles Patterns Discussed

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 - Types of Candlesticks Discussed

Morning Star Candlestick Types of Candles - List of Candles Patterns Discussed

Morning Star Candle Pattern - Types of Candlesticks - List of Candles Patterns Discussed

Evening Star Candle Types of Candles Patterns Discussed

Opposite of the morning star candle sticks pattern

Evening Star Candle Pattern - Types of Candlesticks - List of Candles Patterns Discussed

Engulfing Candles Patterns - Types of Candlesticks Patterns Explained

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 Candles Patterns - Types of Candlesticks - List of Candles Patterns Discussed

Candlesticks Patterns Guides - Candlestick Patterns Discussed

The List of all Candle Patterns - Types of Candlestick Patterns Explained