 Magic Forex Candlesticks
I.1. Understanding the candlestick chart 3
Most traders focus purely on technical indicators and they don't realize how valuable the original candlesticks are.
I.2. Candlestick patterns really work! 4
When a candlestick reversal pattern appears, you should exit position before it's too late!
II.1. Bullish reversal patterns 6
This category of candlestick patterns signals a potential trend reversal from bearish to bullish.
II.2. Bullish continuation patterns 8
Bullish continuation patterns signal that the established trend will continue.
II.3. Bearish reversal patterns 9
This category of candlestick patterns signals a potential trend reversal from bullish to bearish.
II.3. Bearish reversal patterns 11
This category of candlestick patterns signals a potential trend reversal from bullish to bearish.
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The Heiken Ashi indicator is a popular tool that helps to identify the trend. The disadvantage of this approach is that it does not include consolidation.
IV.1. Wow, Lucky Spike! 14
Everyone can learn it, use it, make money with it. There are traders who make a living trading just this pattern.
IV.2. Take a profit now! 15
When to enter, where to place Stop Loss and when to exit.
IV.3. Examples 15
The next examples show you not only trend reversal signals, but the Lucky Spike concept helps you to identify when the correction is over and the main trend is going to recover.
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Profitable trading strategies are based on technical analysis mixed with candlestick patterns to produce consistent profits.
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We recommend you to add a strong weapon to your trading arsenal, the powerful tool used by professional traders and the most profitable price pattern ever found: The Divergence Pattern.
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