In this post today, I am going to discuss with you a phenomenon which I call multiple hits candlestick pattern. If you take a look at your forex chart, you will see that there are times where the price will do multiple hits on a particular level but fail to break through it. From the…
Using Forex Candlestick Pattern To Tell The Trend
In today forex faq, we have a question from one of our fellow trader asking how to tell the trend using forex candlestick pattern. Below is the question: How to determine up trend or down trend in forex trading using candle stick pattern. Frankly speaking, I only use the forex candlestick pattern to tell whether…
Forex Reversal Candlestick Indicator Tutorial 3 – Head and Shoulder
If you have watched my forex trading signals that is specially done for readers of this blog, you will have seen the power of the head and shoulder at work for a few times. Therefore in today forex candlestick tutorial, I shall be sharing with you my knowledge about the head and shoulder pattern so…
Forex Candlestick Pattern Tutorial – Wedges
In today forex candlestick tutorial, I will be sharing with you something known as wedges. Basically the wedges can be considered as a continuation or reversal patterns depending on the way it is slanted to. Reversal Candlestick Pattern When you are in a downtrend and you see the formation of a wedge that is slanted…
Effective Engulfing Candlestick Pattern
The engulfing candlestick pattern is one of the reversal candlestick you will be learning through this candlestick tutorial. Similar to the other reversal candlestick patterns, the engulfing candlestick is only effective when you are in a trend or when the market is moving in a trend channel. So what is Engulfing Candlestick? It is made…
Reversal Pattern Tutorial 2 – Double Top or Bottom Formation
In this candlestick pattern tutorial, we will be going through the double top and double bottom chart pattern. The double top/bottom is also strong sign of reversal that is only useful when you are in a trending market. As it is reversal in nature, it will not be useful if you see it in a…
Forex Candlestick Continuation Pattern Tutorial 1 – Triangles
There are 2 main types of candlestick patterns that you can trade with namely reversal and continuation. Reversal patterns are used to signal a possible reverse in trend. As for continuation patterns, they are used to signal a continuation in trend after a period of consolidation. There are a lot of continuation patterns that you…
Forex Candlestick Reversal Pattern Tutorial 1 – Railway Track
In this week forex candlestick pattern tutorial, I will be sharing with you one powerful candlestick pattern known as the railway track. The railway track is also commonly known as the tweezers which consists of 1 long candle and 1 short candle. Perfect Railway Track: For this formation, you will get 2 candlesticks of the…
My Forex Candlestick Pattern Analysis
From this week onwards, I will be posting my analysis on my forex chart talking about the various candlestick patterns that I can see and how it can affects your trading. If you have been reading up on forex books or attending forex courses, you will understand how important it is for a trader to…
My Forex Candlestick Tutorial
If you are trading using the forex candlesticks chart, you definitely need to know how to read forex candlesticks as well as identifying important candlestick patterns. Therefore I am writing this post to do a quick tutorial on forex candlestick so that you know what you are seeing on the chart. Here are some important…