Posts Tagged ‘candlestick’

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Strategy: Three Black Crows and Three White Soldiers Candlestick Patterns

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 […]

Candlestick Patterns to Master Forex Trading — Price Action : Doji

In this video, you will learn about the doji candlestick and its variations. The doji candlestick indicates that neither the bulls nor the bears are winning. So, the market closes at the price where it opened. The doji candlestick is similar to a spinning top, but it has no real body and long wicks above and below. What is the psychology behind this candlestick? Initially, it can be either the bulls […]

Combining Candlestick Patterns with Trend Lines

In this video, you will learn about how to trade by combining candlestick patterns with trendlines. As you can see, this is the AUD/USD 4-hour chart. The market is in a downtrend. After you draw this trendline by connecting lower highs, this downtrend becomes quite evident. Now, you need to look for candlestick patterns at this trendline. As you can see, this is a shooting star candlestick. You can […]

Candlestick Pattern — Rising and Falling Three Method

In this video, you will learn about the he rising three and falling three method, which are both continuation patterns. They represent three market phases within the pattern. Rising three method: This pattern occurs within an uptrend. The first candle is a big green candle. Then it is followed by a period of consolidation. These are bearish candles. One of them could be a doji candle, which […]

Candlestick Patterns — Candlestick Pattern Basics

In this video, you will learn about the basics of candlesticks and how they compare with a bar chart. When you trade using candlesticks, there are candlestick and the candlestick patterns. The patterns normally consist of 2 or 3 candlesticks observed as a group to observe the sentiment of the market. On the left, you have the white candlestick. The open price is lower than the close price. Normally it is indicated in green color. It is […]

Candlestick Pattern — Hanging Man and Hammer

The hammer and the hanging man candlesticks look similar but they have different interpretations. Firstly, the hammer is a bullish reversal candlestick, which means you can spot this candlestick at the end of the downtrend. The color of the body does not matter much. But the wick should be two times the size of the actual body. The idea behind this pattern is that the bears initially manage to hold control of the market and then push […]

If You Want to Use Candlestick Charts You Should Know This

In this video, you will learn about when you should use the candlestick pattern in your forex trading. Candlestick charts are the most preferred by the traders because they represent trends more clearly and express market sentiment in a clear manner. Candlestick reversal patterns such bearish and bullish engulfing are extremely popular among forex traders. However, it is wrong to base your trading decisions using the candlesticks […]