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📈 Forex Trading Academy

Master the art of forex trading with professional lessons on candlestick patterns and proven strategies

🕯️ Candlestick Patterns 📊 ORB Strategy 🎯 Support & Resistance 📈 Trend Analysis

Understanding Candlestick Patterns

Candlestick charts are one of the most powerful tools in forex trading, providing visual insight into market sentiment and price action. Each candlestick tells a story about the battle between buyers and sellers during a specific time period.

Basic Candlestick Structure

Body (Close > Open)
Body (Close < Open)
  • Body: The thick part showing open and close prices
  • Wicks/Shadows: Thin lines showing high and low prices
  • Green/White: Bullish candle (close > open)
  • Red/Black: Bearish candle (close < open)

🔨 Hammer

Type: Bullish Reversal

Formation: Small body, long lower wick, appears after downtrend

Signal: Potential upward reversal

Trading Tip: Wait for confirmation candle before entering long position

🌟 Doji

Type: Indecision

Formation: Open and close prices are nearly equal

Signal: Market indecision, potential reversal

Trading Tip: Look for confirmation in next candle

⭐ Shooting Star

Type: Bearish Reversal

Formation: Small body, long upper wick, appears after uptrend

Signal: Potential downward reversal

Trading Tip: Consider short position with proper risk management

🕯️ Engulfing Pattern

Type: Reversal (Bullish/Bearish)

Formation: Second candle completely engulfs the first

Signal: Strong reversal signal

Trading Tip: High probability setup when at key levels

Advanced Candlestick Strategies

Pin Bar Strategy

Look for pin bars (hammer/shooting star) at key support/resistance levels. The longer the tail and smaller the body, the stronger the signal.

  • Identify key S/R levels
  • Wait for pin bar formation
  • Enter on break of pin bar high/low
  • Stop loss beyond the tail