Candlestick chart patterns
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Candlesti ck Chart Patterns To learn about our price action signals and how to combine them with chart patterns, check out our advanced Price Action Trading Course. www.theforexguy.c om Visit our website:
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Visit this site http://www.theforexguy.com/common-candlestick-patterns/ for more information on Candlestick Chart Patterns.Candlestick chart patterns can help you a lot in making wise decisions in trading. Candlestick chart patterns will also help you predict future movements of the currency prices, which is essential in making wise decisions in forex trading. Candlestick charts are visual representations of the market situation and the current prices and learning how to interpret and analyze it can be a good start in making wise trading decisions.
Transcript of Candlestick chart patterns
Candlestick Chart PatternsTo learn about our price action signals
and how to combine them with chart patterns, check out our advanced Price Action Trading Course.
www.theforexguy.com
Visit our website:
Candlestick Patterns Double top candlestick patterns form after a strong
price rally or strong bullish conditions. It is easily identifiable because the double top
pattern looks like two mountain peaks that form an ‘M’ shape on the chart.
A double top pattern is a classic sign of bullish exhaustion.
The double top candlestick pattern generally signals the market is about to tip over.
The containment line for the double top candlestick pattern is called the ‘neckline’, and this is where the market found support after the first peak.
The standard way to trade a double top candlestick pattern is to wait for the second peak to form and then short price breaks below the neckline.
But as the saying goes, “there is more than one way to skin a cat”.
Forex Candlestick Patterns
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Take a look around, check out our price action forex trading articles and forex training videos or read the latest forex market commentary. Once you make the switch to price action trading, you will view the Forex markets with so much more clarity, you will find it hard to believe how you ever traded without it!
Forex Candlestick PatternsTo learn about our price action signals and how to combine them with chart patterns, check out our advanced Price Action Trading Course.
Double bottoms are great indicators of bearish exhaustion and generally signal the end of bearish trends. Double tops and bottoms are much more powerful when played on the larger timeframes.
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Candlestick Chart Patterns
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