Reversal Pattern Candlesticks

Candlesticks do not form that frequently in Forex charts due to the nature of the market, but when they do form, they are often powerful and reliable. There are a few candlestick patterns that are particularly useful and which you should make it a point to remember. Morning Doji Star Evening Doji Star Hammer Inverted Hammer Hanging Man Morning Star Evening Star Bullish Engulfing Bearish Engulfing But before we go into...

Candlestick Basics

Candlestick charting is a form of ancient charting originated from Japan used to convey – in a graphic form – information of the open, high, low and close of a price movement within a time period. A series of candlesticks or even a single candlestick can provide a history of price movements, which we can use to analyze and predict future price movement. Candlestick analysis is used by many traders today to ...