Five Powerful Candlestick Patterns

Top 5 Candlestick Patterns

Candlestick patterns are one of the key analysis strategies in forex trading that can help assist with your trading decisions. There are various forms of forex candlestick patterns which contain price action within them. This means that they tend to give a more reliable outlook of the current market conditions compared to potentially lagging technical indicators. Here we will take a look at some of the most powerful candlestick patterns. 1. Pin Bar candlestick pattern Pin bars are candlestick patterns frequently used for price action analysis when trading forex. A pin bar candlestick can be a great indication of the …READ MORE

What Is Forex Price Action Analysis And How To Apply It To Forex Trading?

forex-price-action-analysis-explained

In this post I will be giving a brief overview on what price action analysis is and explaining how you can start successfully applying it to your forex trading. Whilst price action analysis can be a good thing to have in your trading arsenal, it should only be part of a much larger trading plan that incorporates other factors such as good forex trading discipline and good forex money management. No matter how good your price action analysis is, you would still need to be a disciplined forex trader and to have sensible money management in place. You should also …READ MORE