Posts Tagged ‘candlestick’

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How to Use Forex Trading Bullish Engulfing Pattern — Easy Tutorial

The bullish engulfing pattern comprises of  Two candles (black then white). Occurs at bottom of a downtrend. Second candle has to engulf the first candle (body only). Now, in terms of our example, we can see that the market has a downtrend happening right here. So, the actual size of the downtrend is not really relevant. But what is relevant is the fact that it is a downtrend. So, we […]

How to Use Forex Trading Bearish Engulfing Pattern — Easy Tutorial

In this video, we will discuss the opposite of the bullish engulfing pattern, the bearish engulfing pattern. This pattern comprises of Tow candles (white then black). Occurs on top of an uptrend. Second candle has to engulf the first candle (body only). Now, in terms of our example, you can see that we have an uptrend here in the market. The appearance of this white candle that you can see here suggests, […]

How to Use forex Trading Piercing Pattern — Easy Tutorial

In this lesson, we are going to discuss the piercing pattern, which is a reversal pattern. So, in terms of its definition, It consists of 2 candles (black then white). Occurs at bottom of a downtrend. White candle has to open at or below the black candle's close and close more than half way into the black candle's body. Now, in terms of our example, what we have is a piercing pattern in this area […]

How to Trade Evening Star Pattern — Easy Tutorial

This pattern is opposite to the morning start pattern. In terms of its definition Three candles (white, any, then black). Occurs at top of an uptrend. 1st is a white candle. 2nd is a small spinning top that opens and closes at or above a 1st white candle's close. 3rd is a black candle that opens at or below the 2nd candle's close and closes more than half way into 1srt candle's body. […]

How to Trade Morning Star Pattern — Easy Tutorial

In this video, we are going to discuss the morning start reversal pattern. So, in terms of its definition, the morning star pattern comprises of  Three candles (black, any, then white). Occurs at bottom of a downtrend. 1st is a black candle. 2nd is a small spinning top that opens and closes at or below the 1st black candle's close 3rd is a white candle that opens at or above 2nd candles close […]

How to Use Dark Cloud Cover Pattern — Forex Trading

In this video, we will focus on the dark cloud cover pattern, which is the opposite of the piercing pattern. So, in terms of its definition, this pattern is a reversal pattern. It consists of two candles (white and black) Occurs at top of a uptrend. Black candle has to open at or above the white candle's close and close more than half way into the white candle's body. Let's look at an example. What we have […]

Candlestick Pattern Trading — What Is a Shooting Star

In this video, we will discuss about the shooting star candlestick. The shooting star looks something like this. It is basically the opposite of a hammer. First, the price opens, then the buyers come in, and push the price all the way high, then the sellers come in, and reverse all the gains, and eventually closing near the lows over here. So, based on this visualization, it is quite straightforward to know that […]

Forex Trading — How to Trade — Doji Candlestick Patterns

In this video, we are going to discuss a candle called the doji candle. It can be quite a significant candle when we are looking at trend reversal. It has the following features. Not a reversal candle on its own Represents an equilibrium between buyers and sellers (markets do not know which way to go) Open and close are around the same level. Requires confirmation The doji candle comes in a few […]

Doji Candlestick Signal in Forex

Doji candlestick has the same opening and closing price. So, its real body appears as a horizontal line. It represents indecision in the market. Let us take a look at what is going on when a doji forms. A session was started in which price was driven up by buyers, but it could have also been sellers driving the price down. Then, the sellers pushed the price back down to its opening […]

Forex Beginner's Guide — Candlestick Analysis — Long Tails

The goal of this video is to highlight techniques and other relevant information that may help traders gain a stronger understanding of how to operate as a short-term trader within the foreign exchange market. This video covers an aspect of candlestick analysis that focuses on the wicks or long tails of a price candle. Candlestick analysis has been used in market speculation for hundreds of years dating back to the Japanese rice traders. They are heavily in use […]

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