3 Forex Candlestick Patterns That’ll Boost Your Trading Profits

Learn How to Read Forex Candlestick Charts Like a Pro. Forex Trading Articles. Reading a Forex Chart with Candlesticks. Before you can read a Candlestick chart, you must understand the basic structure of a single candle. .Join My Free Newsletter Packed with Actionable Tips and Strategies To Get Your Trading Profitable.

While the video above only addresses the bearish engulfing candle, the same rules apply for its inverse, the bullish engulfing. For example, a Gravestone Doji appearing at the top of an uptrend can indicate a trend reversal. As a result of that, we get a rapid drop of pips. From the mathematical expectation prospective, the free candle forex candlestick trading is sufficiently effective, if the deals are not made too often and only in reliable configurations. The Hammer candle and the Hanging Man candle have small bodies, small upper wick and long lower wick.

Peculiarities of the candlestick pattern analysis

The candlestick forex strategy with «Free candle» indicator. The trading strategy uses candlestick patterns with high reliability level and sliding average for the determination of the current trend. EMA(9) is advised for the popular currency pair trading on M15 timeframe.

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