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- Trading Robots
- Basic Candlestick Patterns
Basic Candlestick Patterns
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Scalperology Ai MT5
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Global
Pairs:
AUD/JPY
AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit:
32.78%
7-Day Profit:
26.73%
Support:
24ั
7 via Telegram
Breakopedia Ai MT5
Try Demo ๐
Global
Pairs:
AUD/JPY
AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit:
29.25%
7-Day Profit:
23.86%
Support:
Developer
Understanding Candlestick Patterns
Types of Candlestick Patterns
- Hammer: A reversal pattern that appears at the bottom of a downtrend, characterized by a small body and a long lower wick.
- Inverted Hammer: Similar to the Hammer, but appears at the bottom of a downtrend, indicating a potential reversal after a downtrend.
- Bullish Engulfing: A pattern comprising a small bearish candle followed by a larger bullish candle, indicating strong buying pressure.
- Morning Star: A three-candle pattern that includes a bearish candle followed by a small candle and culminating in a strong bullish candle. ๐
- Three White Soldiers: A series of three consecutive bullish candles indicating strong upward momentum.
- Hanging Man: A bearish reversal pattern that appears after an uptrend, consisting of a small body and a long lower wick.
- Shooting Star: A bearish reversal pattern occurring at the top of an uptrend, characterized by a small body and a long upper wick.
- Bearish Engulfing: A small bullish candle followed by a larger bearish candle, signaling a potential downtrend.
- Evening Star: A three-candle pattern that starts with a strong bullish candle, followed by a small body, and concludes with a large bearish candle.
- Three Black Crows: A series of three consecutive bearish candles indicating strong downward momentum.