Forex Candlesticks has lot of Patterns when doing analysis. When it comes to using them, you must focus on some key ones and ignore the rest till the time you have gained enough experience.

Else, the things will become confusing during forex chat analysis.

To get you started, I am sharing with you top 3 forex candlestick patterns that you must always be aware of -

1. Forex Candlestick Doji - Definitely “a must” to know. When analysing charts which are 1 hr based or above, then a doji candlesticks pattern holds a prominent importance.

2. Candlestick Engulfing Pattern - Bearish or bullish engulfing, both display significant reversal charactersticks. Whenever spotted on a daily chart or even a 1 hr chart, it indicates that market is about to reverse. They are pretty reliable forex patterns

3. Morning or Evening Stars fomation - Like engulfing patterns, these forex candlestick formations are also indication of that market is about to reverse. However, these patterns are not too frequent. But whenever spotted, they are quite reliable.

Along with this there are certain important points related to candlesticks that you must be aware of. These points I have shared in my free forex report.

You can get free access to that report by joining my mailing list at - Learn Forex Candlesticks

Forex Candlesticks are amazing. They are one of those indicators that can help understand accurately what happenned or what is going to happen in the forex market.

Since the introduction of japanese candlesticks to western world by steve nison, the candlesticks have gained a lot of following in trading community.

In simple terms, a forex candlestick indicates the price movement during a particular period. So on a daily chart for example, one candle will indicate the price information of one day.

Here is what a candle tells -

1. Opening Price in the duration

2. Closing price

3. Lowest price and

4. Highest price.

The difference between the open and close is the body of the candle. While the ends are known as wick.