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Forex Candlestick Patterns Guide

The document provides a cheat sheet for Forex traders focusing on high-probability candlestick patterns such as Bullish Engulfing at Support and Bearish Engulfing at Resistance. It outlines entry rules including entering after candle close and setting stop loss beyond the wick, while also advising against trading in ranging markets, near high-impact news, or when patterns appear mid-range.

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motilahun19
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6 views1 page

Forex Candlestick Patterns Guide

The document provides a cheat sheet for Forex traders focusing on high-probability candlestick patterns such as Bullish Engulfing at Support and Bearish Engulfing at Resistance. It outlines entry rules including entering after candle close and setting stop loss beyond the wick, while also advising against trading in ranging markets, near high-impact news, or when patterns appear mid-range.

Uploaded by

motilahun19
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Candlestick Cheat Sheet for Forex Traders

High-Probability Patterns
1 Bullish Engulfing at Support
2 Bearish Engulfing at Resistance
3 Pin Bar with long wick + trend

Entry Rules
1 Enter after candle close
2 Stop loss beyond wick
3 Target next support/resistance

Avoid Trading When


1 Market is ranging without structure
2 High-impact news is near
3 Pattern appears mid-range

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