Various methods are used by traders to carry out market analysis and determine how they carry out buying or selling transactions on the forex market.
The most common pattern used by traders is probably trend following and also breakout trading.
In trend-following trading, finding reversal patterns is important considering that at this point the potential profit can be maximized. However, it is not easy to find valid reversal patterns without analytical bias considering that the market moves dynamically.
One reversal pattern that traders may rarely know about is the Kicker pattern. This is a possible reversal pattern that can be tried to analyze the market.
In the case of the bullish Kicker candlestick pattern, the pattern is revealed by the appearance of two candlesticks in a row, each displaying a body of the opposite color. Most importantly, the initial candle is aligned with the prevailing downtrend. The second candlestick, indicating strong bullish sentiment, opened with a striking gap up.
On the other hand, in the bearish Kicker candlestick pattern, there appear two candlesticks in a row, and the second candlestick, which indicates a strong bearish sentiment, opens with a striking gap down.
I found this trading strategy in an article blog and may be useful, you can find the FXOpen Blog entitled "What Is a Kicker Pattern in Trading?"
However, candlestick patterns that appear on the chart may experience analytical bias because what happens in the market reflects the volume between demand and supply. Since use Ticktrader on FXOpen UK, I rarely find this pattern, maybe if every day find it could be a good trading signal.
The most common pattern used by traders is probably trend following and also breakout trading.
In trend-following trading, finding reversal patterns is important considering that at this point the potential profit can be maximized. However, it is not easy to find valid reversal patterns without analytical bias considering that the market moves dynamically.
One reversal pattern that traders may rarely know about is the Kicker pattern. This is a possible reversal pattern that can be tried to analyze the market.
In the case of the bullish Kicker candlestick pattern, the pattern is revealed by the appearance of two candlesticks in a row, each displaying a body of the opposite color. Most importantly, the initial candle is aligned with the prevailing downtrend. The second candlestick, indicating strong bullish sentiment, opened with a striking gap up.
On the other hand, in the bearish Kicker candlestick pattern, there appear two candlesticks in a row, and the second candlestick, which indicates a strong bearish sentiment, opens with a striking gap down.
I found this trading strategy in an article blog and may be useful, you can find the FXOpen Blog entitled "What Is a Kicker Pattern in Trading?"
However, candlestick patterns that appear on the chart may experience analytical bias because what happens in the market reflects the volume between demand and supply. Since use Ticktrader on FXOpen UK, I rarely find this pattern, maybe if every day find it could be a good trading signal.
