Inverted Hammer. The Inverted Hammer and Shooting Star also look identical. The only difference between them is whether you’re in a downtrend or uptrend. An Inverted Hammer is a bullish reversal candlestick. A Shooting Star is a bearish reversal […]
Single Candlestick Patterns. Now that you’re familiar with basic candlestick patterns like spinning tops, marubozus, and dojis, let’s learn how to recognize single candlestick patterns. When these types of candlesticks […]
How to Trade Support and Resistance. Let’s take a look at how to trade support and resistance. I can divide trading support and resistance levels into […]
Doji. Doji candlesticks have the same open and close price or at least their bodies are extremely short. A Doji should have a very small body that appears as a thin […]
Marubozu. Sounds like some kind of voodoo magic, huh? “I will cast the evil spell of the Marubozu on you!” Fortunately, that’s not what it means. Marubozu […]
Basic Japanese Candlestick Patterns. Let’s take a look at basic Japanese candlestick patterns. What do spinning tops, marubozus, and dojis have in common? They’re all basic […]
What is a Japanese Candlestick? Let’s take a look at what is a Japanese candlestick. While we briefly covered Japanese candlestick charting analysis in the previous forex lesson, […]
Japanese Candlestick Anatomy. Let’s break down the different parts of a Japanese candlestick anatomy. Sexy Bodies Just like humans, candlesticks have different body sizes. And when […]
Reviewing Support and Resistance. Let’s continue reviewing support and resistance. Support and Resistance Can Reverse Roles Another thing to remember is that when the price passes […]
Summary: Trading Support and Resistance. Let’s summarize trading support and resistance. In the previous lessons, you learned about trading support and resistance. Let’s review what you’ve learned. […]
Trading Support and Resistance. Let’s examine more on trading support and resistance. The Break In a perfect world, support and resistance levels would hold forever, politicians […]
How to Trade Support and Resistance. Now that you know the basics of how to trade support and resistance, it’s time to apply these basic but […]
Types of Trend Channels. There are three types of channels: Ascending channel (higher highs and higher lows) Descending channel (lower highs and lower lows) Horizontal channel (ranging) Some traders […]
Trend Channels. If we take this trend line theory one step further and draw a parallel line at the same angle as the uptrend or downtrend, […]
Types of Trends. There are three types of trends: Uptrend (higher lows) Downtrend (lower highs) Sideways trend (ranging) Here are some important things to remember using trend lines in forex […]
Trend Lines. Trend lines are probably the most common form of technical analysis in forex trading. They are probably one of the most underutilized ones as well. If drawn correctly, […]
More Support and Resistance. Let’s close on more support and resistance. When the price passes through resistance, that resistance might become support. The more often price tests […]
Breaking Support and Resistance. So how do we truly know if support and resistance were broken? There is no definite answer to this question. Some argue […]
Plotting Support and Resistance Levels. Let’s take a look at plotting support and resistance levels. One thing to remember is that support and resistance levels are not […]
What is Support and Resistance? “Support and resistance” is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea […]
The 3 Types of Charts. Let’s review the 3 types of charts. Putting It Together There are several different price charts that traders can use to […]