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Forex Candlestick Patterns With Images and Explanations

This guide explains key bullish and bearish candlestick patterns essential for forex trading, aiding in predicting price movements. Bullish patterns include Bullish Engulfing, Hammer, and Morning Star, while bearish patterns consist of Bearish Engulfing, Shooting Star, and Evening Star. Each pattern is accompanied by images and explanations to illustrate their significance in trading.

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43 views2 pages

Forex Candlestick Patterns With Images and Explanations

This guide explains key bullish and bearish candlestick patterns essential for forex trading, aiding in predicting price movements. Bullish patterns include Bullish Engulfing, Hammer, and Morning Star, while bearish patterns consist of Bearish Engulfing, Shooting Star, and Evening Star. Each pattern is accompanied by images and explanations to illustrate their significance in trading.

Uploaded by

sumaiyabanusumaiyabanu08
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Forex Candlestick Patterns Guide

Candlestick patterns are crucial for forex trading as they help predict price movements.

This guide covers key bullish (rising) and bearish (decreasing) patterns with images and

explanations.

Bullish (Rising) Candlestick Patterns:

1. Bullish Engulfing: A large bullish candle engulfing the previous bearish one, indicating a reversal.
2. Hammer: A small body with a long lower wick, signaling strong buying pressure after a
downtrend.

3. Morning Star: A three-candle pattern where a small candle between a large bearish and large
bullish candle signals reversal.

Bearish (Decreasing) Candlestick Patterns:

1. Bearish Engulfing: A large bearish candle engulfing the previous bullish one, signaling strong
selling pressure.

2. Shooting Star: A small body with a long upper wick, indicating potential reversal after an uptrend.

3. Evening Star: A three-candle pattern signaling a shift from an uptrend to a downtrend.

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