Posts Tagged ‘candlestick’

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Candlestick Continuation Patterns — A Simple Explanation

In this video, you will learn about the candlestick continuation patterns. The continuation patterns are used to find out if the present trend will continue in its direction. For example, as you can see, this is an uptrend. Then the market goes through a brief period of consolidation. After this, the market breaks resistance, and produces an impulsive candle to continue with the uptrend. The market pulls back and produces a hammer candlestick at this area […]

The Most Powerful Candlestick Reversal Patterns & How to Use Them

In this video, you will learn about candlestick reversal patterns, and how to use them in your forex trading. You can look at some important patterns. Candlestick patterns are made up of one or more candlesticks. A candlestick pattern tells you about the picture of what is happening in the market or the interaction between the buyers and sellers. Look at this chart. As you can see, this is a shooting star candle occurring […]

A Guide to the Engulfing Candle Strategy

In this video, you will learn about the engulfing candle strategy. You can strategy for both up and down directions to trade. Look at the USD/JPY daily chart. From the chart, you can conclude that it was a very volatile session. As you can see, this is a bearish engulfing candle. It completely engulfs the body of this previous candle. On a break below the bottom of this candle, you can go […]

Candlestick Reversal Patterns

In this video, you will learn about the candlestick reversal patterns. Reversal patterns show you a potential reversal is about to happen in the market. Reversal patterns are formed by viewing candlestick in combination. For example, a bearish engulfing pattern, shows you the reversal from uptrend to downtrend. For example, look at this chart. The market rallies initially. Then after reaching this area, price reaches an extreme, and falls down heavily. These […]

Using Japanese Candlesticks Technical Analysis on Forex

In this video, you will learn how to trade using candlesticks. It is important to understand who is controlling, bulls or bears, in the market. A big green candle indicates more buying pressure. A big red candle indicates huge selling pressure. Candlesticks have wicks above and below the actual body. They represent highs and lows. A candlestick with long wicks above and below with a small body is also […]

Strategy: Three Inside Down and Three Inside Up Candlestick Pattern

In this video, you will learn how to identify and trade the three inside up and three inside down candlestick patterns. You locate the three inside up pattern at the end of a downtrend. This is a bullish reversal pattern. It consists of three candlesticks. The first candlestick is a bearish candlestick. The second candlestick is bullish with a small body. The third candlestick is bullish and closes above the open of the first. As you can […]

Strategy: Three Black Crows and Three White Soldiers Candlestick Patterns

In this video, you will learn how to identify and trade the three soldiers and the three crows pattern. You will locate the three soldiers pattern after a downtrend. It consists of three bullish candlesticks. The size of the second and third candlesticks should be nearly same. You can enter a long position here with a stop-loss. However, if the third candlestick appears with a slightly smaller body, it also indicates buyers […]

Learn Evening Star and Morning Star Patterns

In this video, you will learn about morning and evening star patterns. These patterns work in trending situations. They are 3-candlestick patterns. You look for a morning star pattern after you have identified a downtrend. First candle you need to look for is a bearish candle. It is followed by a doji like candle, representing indecision in the market. The third candle is a bullish candle. The pattern when becomes complete, […]

Forex Trading — Price Action: Candlesticks with RSI

In this video, you will learn about how to combine the RSI indicator with candlestick reversal patterns to enter short positions in the forex market. As you can see, this is the 4-hour AUD/USD chart. There are higher highs and higher lows. So, this is an uptrend. You need to add the RSI indicator in your MetaTrader platform. Now, you need to add vertical lines to your chart, to identify the highs. […]

Candlestick Pattern — Price Action : Bullish Engulfing Pattern

In this video, you will learn the bullish engulfing pattern. Candlesticks tell us about the supply and demand in the market. They provide great information for reversals in the market. This is a 2- candlestick pattern. The first candlestick is a red candlestick. The second one is a large green candlestick. This pattern occurs at the end of a downtrend, indicating that the control of the sellers is over. The low prices cause the demand to increase. Then buyers […]