Introduction
Candlestick patterns reveal market sentiment and can help you predict price movements. Learning key patterns can improve your entries and exits.
1. Why Candlestick Patterns Matter
🔹 Show buyers vs. sellers in real time.
🔹 Help spot trend reversals and continuations.
🔹 Work well with support, resistance, and other indicators.
2. Key Candlestick Patterns Every Trader Should Know
✅ Engulfing Candle – Signals strong trend reversal.
✅ Doji – Indicates market indecision.
✅ Hammer & Shooting Star – Show rejection of price levels.
✅ Morning & Evening Star – Strong reversal patterns.
3. How to Use Candlestick Patterns in Trading
🎯 Always confirm with other indicators (trendlines, RSI, moving averages).
🎯 Look for patterns near key levels (support, resistance, Fibonacci zones).
🎯 Use proper risk management – No pattern is 100% reliable.
Conclusion
Candlestick patterns are powerful tools for forex traders. Master them, combine with other strategies, and improve your trading decisions! 📊🔥