Forex Candlestick Patterns

Most Reliable Candlestick Reversal Patterns In Forex

Details: Written by Leon Seggers

What follows is a list of the most reliable candlestick reversal patterns used in forex trading.

Forex Doji

Details: Written by Peter Kent

The Doji is a neutral candlestick pattern representing indecision between forex bulls and bears. It is characterized by being small in length -- meaning a small trading range -- with an opening and closing price that are equal.

Forex Three White Soldiers Pattern

Details: Written by Tim Cooper

A Three White Soldiers top reversal candlestick formation occurs in forex downtrends. It's composed of 3 large bullish candlesticks.

Forex Three Inside Up Pattern

Details: Written by Tim Cooper

A Three Inside Up top reversal bullish candlestick formation occurs in forex downtrends. It's composed of 3 candlesticks. A large bearish candlestick followed by a bullish candlestick where the body is completely engulfed by the preceding candle, then a bullish candlestick that closes higher than the previous bullish candlestick.

Forex Falling Three Methods Pattern

Details: Written by Jan De Boeck

Falling Three Methods is a bearish continuation candlestick pattern that occurs in a declining forex market. It's composed of 5 candlesticks. A long bearish candlestick followed by three small bodied bullish candlesticks. The fifth day is a strong bearish candlestick which makes a new low in the forex market.

Forex Rising Three Methods Pattern

Details: Written by Jan De Boeck

Rising Three Methods is a bullish continuation candlestick pattern that occurs in a bullish forex market. It's composed of 5 candlesticks. A long bullish candlestick followed by three small bodied bearish candlesticks (pullback). The fifth day is a strong bullish candlestick which makes a new high in the forex market.

Forex Morning Star Pattern

Details: Written by Tim Cooper

A Morning Star is a bullish top reversal candlestick pattern that occurs in a bearish forex market. It's composed of 3 candlesticks. A long red bearish candlestick followed by a small bullish or bearish candlestick. The third session is a green candlestick that closes well into the first red candle's body.

Forex Morning Doji Star Pattern

Details: Written by Tim Cooper

A Morning Doji Star is a bullish top reversal candlestick pattern that occurs in a bearish forex market. It's composed of 3 candlesticks. A long red bearish candlestick followed by a doji. The third session is a green candlestick that closes well into the first red candle's body.