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Forex Candle examples

To summarise the video on the previous page. These are some of the main candle formations that I look out for. For a more detailed example of more formations check out this link,

http://www.alpari-forex.com/en/candles/engulfing_pattern.html

Evening Star

The cross shaped candle at
the top is called a "doji." This pattern at the top of an uptrend signifies that the market is likely to turn bearish, down.

evening star forex candle pattern

Morning star.

The cross shaped candle at the bottom is called a doji. This pattern signifies that the market is turning bullish.up.

morning star forex candle

Hanging man.

At the top on uptrend
shows possible reversal
back down.

hanging man forex candle

Hammer

Found at the bottom of a
down trend. Could signify
a reversal back up.

hammer forex candle

For now you do not need any more. If you want to learn in far greater detail, the accepted bible on the subject, written by Steve Nison can be found below at amazon.com. If you are a beginner then the original book is better. The latest version seems to presume you know something about the subject.