If you’re diving into forex trading, understanding candlestick patterns can be a game-changer. And guess what? You don’t need to be a financial wizard to get the hang of it. Even if you’re using تداول eo broker, these patterns can help you make more informed decisions.

Candlesticks are like the footprints of market sentiment. They tell stories about price movements, and once you learn to read them, it’s like having a secret decoder ring for the forex market. Let’s break down some key patterns and how they can help you navigate your trades.

The Hammer and Hanging Man

Picture this: You’re looking at a chart, and you see a candle with a small body and a long lower wick. That’s your hammer! It usually appears after a downtrend and signals that buyers are stepping in. On the flip side, if this same shape shows up after an uptrend, it’s called a hanging man—indicating potential selling pressure ahead.

Engulfing Patterns

Now imagine two candles side by side. The second one completely engulfs the first one’s body. This is known as an engulfing pattern. A bullish engulfing pattern happens when a small red candle is followed by a larger green one—hinting at rising prices. Conversely, a bearish engulfing pattern features a small green candle swallowed by a bigger red one—suggesting falling prices.

Doji Candles

Ever seen those candles that look like plus signs? Those are dojis! They occur when opening and closing prices are nearly identical, signaling indecision in the market. If you spot one during an uptrend or downtrend, it might mean that the trend is losing steam.

Morning Star and Evening Star

Think of these as celestial guides for your trading journey. A morning star consists of three candles: one large red candle followed by a small-bodied candle (could be red or green), then capped off with a large green candle. This trio indicates that buyers are taking control after sellers have had their run.