analysis shows three successful bearish chart patterns. We get the Doji reversal pattern and we record an increase of 97 Pips. As a result of that, we get a rapid drop of 182 pips. In this article, we are going to talk about trading price action using candlestick analysis. Three Soldiers (reversal) The Three Soldiers candlestick pattern could be bearish or bullish. The reason for this is that this candle indicates that buyers and sellers are fighting hard against each other, but none of them could gain dominance. Though Binary Options / Forex Trading any kind of Investments are potential high revenue making investments, it can lead to unexpected high losses due to high risk involved.
When adding an additional layer of confirmation to your candlestick trading strategy, you might even increase your candle pattern success rate to more than 60-65. Now thats a strong reaction! Then after a period of price consolidation, we get a Bearish Engulfing. Some of these tools are: 0 Flares Twitter 0 Facebook 0 Google 0 0 Flares. The overall price increase equals 384 pips. In our case, the price reverses its direction on the following bar, which also forms a Morning Star pattern, and we observe an increase of 138 pips. Trading price action using candlestick analysis alone is a very common trading technique. Lets now go through another chart example illustrating other Japanese candlestick patterns: This is the 4-hour chart of the USD/JPY for the period Aug 28 Sep 28, 2015. It starts with a bullish candle, followed by a tiny bearish or paypal to bitcoin address bullish candle, followed by a bearish candle which is bigger than half of the first candle. Triple Candlestick Patterns Morning Star and Evening Star (reversal) The Morning Star candlestick pattern consists of a bearish candle followed by a small bearish or bullish candle, followed by a bullish candle which is larger than half of the first candle. Have a look at the chart below: This is the daily chart of the EUR/USD for the period Jul 21 Oct 8, 2015. At the same time, the Tweezer Bottoms consist of a bearish candle, followed by a bullish candle.
Forex market graph
Forex fibonacci trading tutorial videos