3 killer Candlestick Reversal You Need To Know

3 Candlestick Trading Reversal Patterns


There lots of type of candlestick reversal signal that you can make profit with. but there are only 3 candlestick patterns that i use to find in a chart to make profit.

In price action trading, it is important to understand the candlestick formation. This is because, the candlestick reversal signal itself will indicate where the price will go.

You need to understand the behavior of the candle and you can trade.

Here i share with you my favorite candlestick that are very easy to remember and can make profit in trading.


find free ebook "Magic Forex Candlesticks" end of this article.





1 Candlestick Trading

With single candlestick you can also determine the market reversal easily. The direction of the candlestick can be determine from the wicks or shadows of the candle.

In this case, the body of the candlestick is small and it have long shadow. The long shadows indicates that there will be buyer or sellers and going against the market.

If you find the hammer or shooting star on the market chart. There will be possibility of reversal on that chart due to the shadows shows the traders are against the market.

Wait for the candlestick to close and set the entry position.


Hammer

Bullish Candlestick

Candlestick reversal signal



Shooting Star
Bearish Candlestick

Candlestick reversal signal

watch the video for more info on pinbar candlestick trading.









2 Candlestick Trading 

Double candlestick is using two candlestick signal. The second candlestick body engulfed the first candlestick.

This candlestick is really powerful and you need to confirmed that the candlestick is close before executing the entry position.

Make sure that the second candlestick is closed and engulfed the first candlestick.

The engulfing candlestick is the great signal for you to find the reversal entry position.





Bullish Engulfing

Candlestick reversal signal



Bearish Engulfing

Candlestick reversal signal




Watch the video on engulfing candlestick trading.







3 Candlestick Trading


There will be 3 candlestick involved in this reversal signal. The first candlestick body will engulfed by the third candlestick body.
The second candlestick will have the long shadow that shows the traders are going into against the market.

This 3 candlestick trading same like the 2 candlestick trading. Is a powerful signal that shows reversal on the market.

The morning star is bullish reversal candlestick while evening star is bearish reversal candlestick.

Wait for the 3rd candlestick to close before executing an entry position.


Morning Star
Bullish Candlestick

Candlestick reversal signal



Evening Star
Bearish Candlestick


Candlestick reversal signal



Those candlestick reversal trading is really powerful when you found is on the support and resistance level.

It indicates that the market will reverse on the support and resistance level.

This is due to support and resistance are the are for big big trader to look for buy and sell in the market.

The key to trade with the candlestick trading is to find the reversal candle signal on the support and resistance area.

It will be a big clue for the market to reverse.

Watch the short video how you can use the candlestick reversal to trade with support and resistance.







Entry


—Any pair can use EURUSD, GBPUSD, AUDUSD, NZDUSD.
—Recommended time frame : H4



Buy

—Buy at 10pips upper from high candlestick.

—SL 10pips lower from low candlestick
—TP 50pips to 80pips 

—Sell

—Sell at 10pips lower from low candlestick

—SL 10pips higher from high candlestick
—TP 50pips to 80pips



Attention!Please wait the candle to complete before putting an entry. 




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want to know more on forex candlesticks?




Here i share with you an ebook "Magic Forex Candlesticks"

What you will learn from the ebook :


  • understand the forex candlestick
  • know the candlesticks that really works
  • what is the high profit candlesticks pattern
  • how to find the market trend
  • simple scalping stratergy
  • candlestick trading strategy


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dosudongos enter

A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.