Posts Tagged ‘pattern’

In this video, you will learn how to trade the double top and the double bottom pattern in forex trading. For example, look at the GBP/USD chart. By placing a horizontal line on these highs, you can see that this is a double top pattern. The market encounters resistance two times at this level. It indicates that a trend reversal is likely. You can enter a short position here with your stop-loss […]

In this video, you will learn about a trading strategy using the bullish engulfing candlestick pattern. You locate this pattern at the end of the downtrend. The first candlestick is the bearish candlestick. It is followed by the green candlestick, which completely engulfs the body of the first bearish candlestick. As you can see, the following candle is green, and the price rises up. For example, look at this chart. The bullish engulfing pattern is marked […]

In this video, you will learn about the three line strike candlestick pattern. This pattern consists of four candlesticks. Three of them are called as strikes. This pattern occurs inside an uptrend You look for three bullish candlesticks in succession. The last candle in this pattern is a big bearish candlestick which completely engulfs the previous three green candlesticks. As you can see on the chart, the market temporarily pullbacks, finds […]

In this video, you will learn about the Tweezer tops and bottoms candlestick patterns. Look at the GBP/USD 4-hour chart. Initially, the market is in an uptrend. As you can see, the Tweezer top pattern is formed at the end of this uptrend. This is a 2-candlestick pattern. The first candlestick is a bullish candlestick. The second candlestick is a bearish candlestick opening below the high of the first candlestick. It closes below the low of the first candlestick. […]

In this video, you will learn about three white soldiers candlestick pattern. This is a bullish reversal pattern. You locate this pattern at the end of a downtrend. Looking at this pattern, it consists of three long bullish candlesticks, as you can see on the chart. Each candlestick opens above the open price of the previous candlestick. Initially, the market is in a downtrend. After the occurrence of this pattern, you can see that […]

In this video, you will learn about a forex trading strategy using the three crows candlestick pattern. It is a bearish reversal pattern. It occurs at the end of an uptrend. For example, look at the chart. As you can see, the market is in an uptrend. At some point, the uptrend runs out of steam. Then it is followed by three bearish candlesticks occurring in succession. After this, the market then moves to the downside. You can […]

In this video, you will learn about a forex trading strategy using three inside down candlestick pattern. This is a bearish reversal pattern. You locate this pattern at the top of an uptrend. For example, look at this chart. As you can see, this market is initially in an uptrend. The first candlestick is the bullish candlestick. It is followed by a red candlestick contained within the body of the first candlestick. It is […]

In this video, you will learn about double top pattern, and how to use it in forex trading. You locate the double top pattern at the top of the uptrend. It consists of two tops or highs. For example, look at the EUR/USD chart. The market is in an uptrend. The market encounters resistance and forms the first top. Then the market pulls back to locate for support. Then pushes high from this support to find resistance again and forms […]

In this video, you will learn about marubozu candlestick pattern, which is less known to traders. This ia a pattern that you can easily identify on your charts. This is a single candlestick pattern, which occurs as both bullish and bearish pattern. How to identify this pattern? This is seen as a candlestick with a long body with no upper and lower wicks. Look at an example. As you can […]

In this video, you will learn about two important candlestick reversal patterns. The evening star candlestick pattern is a 3-candlestick pattern. It occurs at the end of an uptrend. The first candlestick is a bullish candlestick. It is followed by a doji candle, which indicates indecision in the market. It is then followed by a bearish candlestick. So, you can now enter a short position with the stop-loss above the highs. The price, as you […]