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Also known as Bearish Hammer Candlestick, it is a single candlestick pattern which is formed at the end of an uptrend and signals bearish reversal. This candlestick pattern has no upper shadow. Hanging man suggests an important potential reversal lower and is the corollary to the bullish hammer formation. It indicates that there was a significant sell-off during the day, but that buyers were able to push the price up again.
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EUR/USD✅
GBP/USD✅
USD/JPY✅
AUD/USD❌
EUR/USD✅
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Today,
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EUR/USD✅
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🔥 LAST WEEK,
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What is Market price (stake)
Every currency pair have market price which shows currect exchange rate of the
currency ,The price refers to how much of the second currency it takes to buy
one unit of the first currency
Eg- The currenct market price of EUR/USD is 1.15830
That means you need 1.15830 Dollars to buy One EURO
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Engulfing Pattern
It is one of the most powerful patterns in candlesticks. It occurs when the second candle completely overshadows or engulfs the previous candle. Symbolically it means that buyers have overpowered the sellers or vice versa.
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EUR/USD✅
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EUR/USD✅
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EUR/USD✅
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AUD/USD✅
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AUD/USD✅
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USD/JPY❌
AUD/USD✅
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GBP/USD❌
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EUR/USD✅
EUR/USD✅
USD/JPY✅
🔥THIS WEEK,
👉 30 ITM✅
👉 5 OTM
What is pip and pipette.?
A Pips is a very small measure of change in a currency pair in the forex market. A
pips is a standardized unit and it’s the smallest amount which currency pair quote
can change. It’s usually $0.0001 for US dollar related currency pairs,
Eg- The currenct market price of EUR/USD is 1.15830
4th quote of the stake is the PIP - 3
5th Quote of the Stake is the Micro pip or pipette – 0
If EUR/USD moves from 1.15830 to 1.15840, that .0001 USD rise in
value is ONE PIP
What are Major Pairs
currencies that trade the most volume against the U.S. dollar are referred to as the major
currencies. the major currency pairs have very liquid markets that trade 24 hours a
day every business day, and they have very narrow spreads.
Eg - EURUSD , GBPUSD AUDUSD
USD/JPY✅
GBP/USD❌
EUR/USD✅
USD/JPY✅
EUR/USD✅
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👉 Today,
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Standard Doji
A standard Doji in the candlestick chart means buying and selling prices are the same. Its represented by a cross or a plus sign.