The important candlesticks patterns you should know

[Potuse]

There are powerful candlestick patterns that you must take note of whenever you are trading Forex if you are versed in using the candlesticks to analyse the forex market . The two powerful patterns are the bullish engulfing patterns and the bearish engulfing pattern.

 

[Planbizzle]

A candle with a small true body and extended upper and lower shadows characterizes the Doji pattern. A doji is sometimes interpreted as a sign of market hesitancy and can indicate that a trend is going to reverse.

 

[Ononivami]

It is necessary to have relevant experience on how to use the candlestick patterns to analyse the forex market because having enough experience about the candlestick analysis would help you make an informed technical analysis.

 

[Yohanna]

I am very sure of bullish and bearish engulfing patterns because this pattern produced result almost all the time and it is another way to make profit while analysing the forex market.

 

[Potuse]

I am very sure of bullish and bearish engulfing patterns because this pattern produced result almost all the time and it is another way to make profit while analysing the forex market.

To support your statement, the bullish and bearish engulfing candlestick patterns are very useful. However, if you have such patterns set, it's an avenue to make money.

 

[Ononivami]

To support your statement, the bullish and bearish engulfing candlestick patterns are very useful. However, if you have such patterns set, it's an avenue to make money.

It is very correct that the bearish and bullish engulfing patterns are very important in trading . I ensure to follow this candlestick patterns closely because they are very effective.

 

[Mayorla]

As a Technical Analyst in the Market, Understanding Candlestick patterns is very important. For me, One of the most important candlestick pattern is Hammer, It is found at the bottom of a trend and it is a single pattern that resembles the hammer.
As a Technical Analyst in the Market, Understanding Candlestick patterns is very important. For me, One of the most important candlestick pattern is Hammer, It is found at the bottom of a trend and it is a single pattern that resembles the hammer.

 

[Yohanna]

As a Technical Analyst in the Market, Understanding Candlestick patterns is very important. For me, One of the most important candlestick pattern is Hammer, It is found at the bottom of a trend and it is a single pattern that resembles the hammer.
As a Technical Analyst in the Market, Understanding Candlestick patterns is very important. For me, One of the most important candlestick pattern is Hammer, It is found at the bottom of a trend and it is a single pattern that resembles the hammer.

It's called an inverted hammer and it indicate a trend reversal. However, it is one of the patterns that must be taken into account if you want to make success as a trader.