Easy Forex Using Candlesticks Patterns

One of the top professional forex trading always using basic technical analysis forex trading with candlestick patterns. This standard analyzing usually using daily and four hour time frame. So we can trading with flexible time and no need stay in in front of your laptop or your pc all day long or all night long. Don’t waste your time because forex!! is it right? I think your answer the same with me. We should learn and practice using daily and four hour price action trading strategy beside this forex basic learning e-book.

Bearish In-Neck, On-Neck & Thrusting Continues Patterns

Strong continuation On-Neck – Medium Continuation In-Neck – Weak Continuation Thrusting

We look for these bearish patterns in a down-trend within the context of continuation pattern. Don’t forget, this is not a reversal pattern but a continuation one. These patterns consist of two candles.

Bullish/Bearish Three Line Strike Candlestick Pattern

Bullish Three Line Strike Candle Pattern [weak]

We look for Bullish Three Line Strike candlestick pattern in an up-trend within the context of continuation pattern. Don’t forget, this is not a reversal pattern but a continuation one. The pattern consist of four candles.

As a continuation of the established up-trend, first we see three bull candles resembling bullish three white soldiers or simply 3 up. Each bull candle should close higher than previous candle.
The last candle of the pattern is a long bear one. It closes around or below the first candle open.

Today’s article is about raising and falling three methods from continuation candlestick pattern. This continuation candlestick pattern is very important on reading psychology of market cycle that we can apply in our trading rules.

Raising and Falling Three Methods Candlestick Patterns

Bullish Rising Three Methods And

Bearish Falling Three Methods

Bullish Rising Three Methods

Bullish Three Inside Up – Three Outside Up

We look to see these patterns on a down-trend.

Bullish three inside up candlestick pattern:

Last candle of the downtrend is a large bear candle. Of course we don’t know at this point if it’s a last candle of down-trend. We can re-phrase it by saying the first candle of the three inside up candlestick pattern is a large bear candle on a down-trend.

Bullish – Three White Soldiers Candle Pattern And

Bearish – Three Black Crows Candle Pattern

We have another couple of reversal candlestick patterns with an interesting names. While the bullish version of the same pattern named as a white soldiers, the opposite of version called not 3 black soldiers but 3 Black Crows. I guess they tried to avoid any possible tone of racism. Well, if I was naming them I’d have used for bullish version 3 Brave Soldiers and bearish version 3 Rebel Soldiers if were to stick on with soldiers theme. Perhaps more simpler approach would have been better by just naming them 3 Up Pattern and 3 Down Pattern.

Bullish and Bearish Abandoned Baby Candle Pattern

Lets start with engulfing pattern which is considered to be most strong of all in the right place.

Who’d want to abandon their baby? I don’t think many people does it. Similar situation applies to markets when it comes to Abandoned Baby reversal candlestick pattern. It’s appearance is pretty rare on trading charts but once it appears in a correct place [zone] it’s considered to be quite a reliable indicator of the trend reversal.