The Doji candle has a reversal character when it is formed after a prolonged move. In these cases the Doji candle is simply a dash with no wicks. Note that sometimes there are cases when the price doesn’t move at all from the opening. Thus, the Doji candle looks like a dash with a wick. We have a Doji whenever the price closes at the exact same level where it has opened. Single Candlestick Patternsĭoji is a very easy to recognize candlestick. We will now go through the most common reversal and continuation patterns and we will discuss their potential. If recognized on time and traded properly, they can assist in providing high probability setups.įorex candlestick patterns are classified within two types – candlestick continuation patterns and candlestick reversal patterns. Click Here To JoinĬandlestick patterns in Forex are specific on-chart candle formations, which often lead to certain events. Learn What Works and What Doesn’t In the Forex Markets….Join My Free Newsletter Packed with Actionable Tips and Strategies To Get Your Trading Profitable….
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