Forex Candlesticks Hanging Man - A pattern similar to Candlestick Doji

Hanging man candlestick pattern in Forex charts is typically seen during the uptrend. This pattern is very similar to doji like, it has a very short body and long lower wick.

But hanging man doesn’t has any upper wick and also it is seen only during uptrends where it means that the steam of the forex bullish run is over and the bearish run is about to start.

Where as a doji can be seen in both uptrend as well as downtrend.

As you can see in the image, how after the hanging man, the market reversed leaving all the buyers hanging.

Thats  how this candlestick pattern got its name.

So, needless to say, this is one of the very important patterns that is extremely reliable.

Thats all in this post on forex candlesticks