Spotting a trend reversal is the dream of every trader. It gives an early entry and offers a competitive advantage against conservative traders. As for reversal patterns, Forex traders have a plethora to choose from. Therefore, they focus on the most powerful reversal patterns and use them with a proper money management system. There are […]
Part of the Japanese candlestick techniques, the hammer candlestick stands out of the crowd. While a single candle pattern, it sends a strong signal to technical traders. Technical analysis as we know it today wasn’t always like this. In time, it suffered changes. A lot of changes. It appeared first in the Western world. This […]
This Forex trading example involves a Hammer Candlestick pattern, which signalizes the end of a decrease and the beginning of an increase. All this happened into a Forex channel, which gave us a better picture of the scope of our Hammer Reversal candle trade. We traded until the price reached the upper channel level. Live Trading […]
