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 Candlestick and Chart Patterns
In today forex faq, we have a question regarding the forex candlestick and chart patterns from one of our fellow traders. Below is the question: Concerning forex candlestick and chart patterns on which timesframes would they be most valid? How do you estimate your target profit on a trade? Thank you Regarding your first question…
Forex Indicators versus Forex Candlestick
In today forex faq, we have an interesting question from one of our fellow traders. Below is the question: Is any particular technical indicator more important than the other? I have observed that if all other indicators are encouraging buying and for example forex candlestick is saying sell-if I take a buy decision-SOMETIMES market may…
Price Projection For Head and Shoulder Pattern
This is one question by one of our fellow traders Hello guys. On the daily of gbp/usd,there is a clear head and shoulder formation. It broke through the neckline and looks bearish for now. What puzzles me is how do you forecast the downwards price from the difference of the high between the top candle…
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…
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 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…