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Support and Resistance — Candlestick Analysis — Forex Trading

In this video, you will learn about how to apply support and resistance along with candlestick analysis on your chart. For example, look at the EUR/USD daily chart. After five days of gain, the market forms a doji candlestick, which means indecision. This doji is formed at the 1.4409 level, which acts as near-term resistance. As you can see, the pair has failed to break above two times previously. The level 1.4409 […]

Forex Trading for Beginners — Double Tops and Bottoms

In this video, you will learn about the double top and double bottom pattern. The double top formation is a reversal pattern found at the end of an uptrend. It is noted by two successive highs and the pattern becomes complete once the neckline is broken. The height is measured from the highs to the neckline and this height is taken from the point of breakout to find the take-profit level. The double bottom formation is a reversal pattern […]

Forex Trading for Beginners — Pennants and Flags

In this video, you will learn about the flag and pennant pattern. Both the flag and the pennant pattern are continuation pattern. Both of them break out in the same way. However, they differ from each other in the way they are formed by the support and resistance level. For a pennant pattern, the support and resistance lines converge at a common point. However, they are parallel for a flag pattern. The height of the flagpole of a bearish pennant is used […]

Forex Trading for Beginners — Ascending and Descending Triangles

In this video, you will learn about ascending and descending triangle patterns. The descending triangle is found in a downtrend. It consists of bearish trendline and a flat horizontal line meeting at a common point. The bearish trendline is drawn by connecting lower highs. The horizontal line is drawn by connecting the lows. When the market breaks to the downside, it is your signal to take a short entry position, with your stop-loss above the previous […]

Forex Trading for Beginners — Head and Shoulders

In this video, you will learn about the head and shoulders pattern. This pattern is observed at the end of an uptrend. At some point, the bulls lose strength, and the market forms the high, which is the left shoulder. The market forms a higher high due to resistance, which is the head. Then the market forms a lower high, which is the right shoulder of the pattern. The pattern becomes complete when it breaks the neckline, which is […]

Forex Trading for Beginners — Railways

This video teaches you about the railways candlestick reversal pattern. According to the bullish railway pattern, the first candlestick is a bearish candlestick, followed by a bullish candlestick. The close price of the first one is on the same level as the open price of the second candlestick. Then you can expect the following candlestick to be bullish. For a bearish railway candlestick pattern, the close of the bullish candlestick, followed by the open of the bearish candlestick are on the same level. When […]

What Is the Tweezer Candlestick Formation?

In this video, you will learn about the tweezer candlestick formation. A tweezer top is formed when two consecutive candlesticks form equal highs. A tweezer bottom is formed when two candlesticks form equal lows. The color is the candlesticks is not important. You can use this pattern as a leading indicator to predict potential reversals in the market. In addition, you can use technical indicators for confirmation. You […]

Become an Expert on Candlesticks in 3 Minutes

This video is a beginner's guide to candlesticks. Candlestick charts are more easier to read when compared to other types of charts. They are extremely popular among forex traders. Candlestick charts are a great tool to read price action. They are a great tool for observing trends and reversals. Candlestick patterns such as shooting star, hammer, etc. are very popular among forex traders and serve as a tool for finding […]

High Probability Reversal Trading Pattern

In this video, you will look at a high probability reversal trading strategy. Look at this example. This is a 1-hour EUR/CAD chart. This descending price channel indicates that the sellers are in control. At some point, the sellers lose control. Market breaks to the upside of this channel. So, here is your entry for a long position with your stop-loss below the recent lows of the channel. However, you are looking […]

Forex Candlesticks Tutorial | The Double Top & Head and Shoulders Pattern — Lesson 4

This is part 4 of the series. In this video, you will learn about the double top and the head and the shoulders pattern. The opposite of these patterns are the double bottom and the inverse head and shoulders pattern. The double top pattern occurs when the price is met with strong resistance forming two consecutive highs. You can use the confirmation when the price breaks the neckline and a reduction in volume. This is a bearish reversal […]

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