JAPANESE CANDLESTICKS
Trading the Japanese candle stick is one of the most technically sound trading strategy used in the forex markets. The Japanese candle stick was discovered between the 17th and 18th century and is now used as a graphical method of analyzing market openings, close, high, and low over a given time period. These candles would fluctuate in an up, down, and sideways movement driven by natural market forces of supply and demand.
Japanese candlesticks are formed in a variety of patterns that depicts market direction and gives the trader a signal of when to buy or sell. The formations for a buy signal are known as bullish candlestick formations and the formations of a sell signal are known as bearish candlestick formations.
BEARISH CANDLESTICK FORMATIONS
* EVENING STAR FORMATION
* TWEEZER TOP FORMATION
* ENGULFING BEARISH FORMATION
BULLISH CANDLESTICK FORMATIONS
* MORNING STAR FORMATION
* TWEEZER BOTTOM FORMATION
* ENGULFING BULLISH FORMATION
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