Trade Forex Trading

Learn Forex Trading Online Free Tutorials

Forex Candlesticks Chart Patterns - Doji Candlesticks Pattern and Marubozu Candlesticks Pattern

Candlesticks Consolidation Patterns and Candlesticks Continuation Patterns - Doji Consolidation Candle and Marubozu Continuation Candle/h2>

Depending on the size and shape of a Forex candlestick it is possible to determine the strength of buyers or sellers. Likewise, it is also possible to determine the underlying weakness of the buyers and sellers.

Long Body Candlesticks

Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candlestick.

When price makes a huge move from the opening price to the closing price it shows the strength of buyers/sellers.

Long Blue Candlesticks - Strength of Buyers

Long Red Candlesticks - Strength of Sellers

Forex Candlestick Chart Patterns - Forex Candlesticks Consolidation Trading Setups and Forex Candlestick Continuation Patterns Examples Explained

Long Body Candlesticks

Short Body Candlesticks

Candlesticks with short bodies show that there were not so many buyers/sellers and the price did not move much from the opening price to the closing price.

These show that the buyers/sellers were not very strong.

Forex Candlesticks Chart Patterns - Forex Candlestick Consolidation Patterns and Forex Candlestick Continuation Trading Setups

Short Body Candlesticks

Broker

Marubozu Candlestick

Marubozu are long candlesticks that have no upper or lower shadows, Like the forex trading examples shown below.

Marubozu Candlesticks - Marubozu Candlestick Setup Tutorial

Marubozu Candlesticks

Marubozu are continuing candlestick patterns that show price is going to continue in the same direction as that of the marubozu candlestick. The marubozu can be white/blue or Black/red depending on the direction of the trend.

Technical Analysis of Marubozu Candlesticks Pattern

White marubozu - the open is also the low and the close is also the high.

Marubozu means there were no retracements during that price period and therefore shows that buyers were in total control of the price during the time of this marubozu candlestick.

White Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in the same upward trend direction.

Black marubozu - the open is also the high and the close is also low.

Marubozu means there were no retracements and therefore shows that sellers were in total control of the price during the time of this marubozu candlestick.

Black Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in the same downward trend direction.

Regulated Forex Broker Information: Read About Regulated Forex Broker Review

Takes 5 Minutes to Open an Account, Open an Account Early: Open Forex Account


XM Copy Trading


Broker

 

Technical Analysis