Alphaex Pro Tip: As you get started, dont try and focus on ALL patterns at once.The most popular way to look for trading opportunities is by looking for candlestick patterns.
![]() If you are like the rest of us, learning 30 candlesticks and instantly recognising them in real-time can be a headache when you are starting out. That is why we have designed this awesome Japanese candlestick pattern cheat sheet. IF you are looking to find something that can quickly help you instantly recognise these 30 patterns in real-time, then you should read on because we have a few helpful tips further down this article. Candlestick Patterns Quick Reference Cards Download The CandlestickFor your reference, you can either bookmark this page or download the candlestick cheat sheet further down for free). Now before you get your hands on this cheat sheet, lets go through the absolute basics What is a candlestick pattern There are several types of charts that traders will use to find trading opportunities. Most commonly these are: Line charts OHLC charts Candlestick charts Renko charts Point and Figure charts Etc. There are plenty of different types to help analyse the markets, but you are here to learn about the candlestick patterns so lets focus on that. The candlestick pattern is favoured due to its simplicity and ease of analysis at a glance. You can easily identify whether it was a Buy candle or a Sell candle. You can easily identify its highs and lows during the session. You can easily tell the strength of the markets through the candlestick too. The above also gives you different patterns and shapes that give a leading indicator of where the market may go. Compared to the line charts which just plot the close price after each session. Candlestick Patterns Quick Reference Cards Movie In HDTo put it another way, using candlesticks compared to line charts is like watching a movie in HD vs. So that is why we look at candlesticks. Its still a personal preference at the end of the day) So lets look at the structure in more detail: Here are the key points: Open This is at the point where the session opened. High This is the market reached its the highest price during the trading session. This gives you an idea of how high the market moved in one trading period. Low This is the market reached its the lowest price during the trading session. Candlestick Patterns Quick Reference Cards How To Execute AAlphaex Pro Tip: Execution Rules - Read our article on how to execute a trade properly based on the candlestick patterns Now youve locked in the idea of what candlestick patterns are, lets dive straight into the different segments of the forex candlestick pattern cheat sheet. Bullish Candlestick Patterns Below we have the candlestick patterns that may signal a bullish move in the markets. These are really-effective to know because when these patterns are showing themselves, you can quickly adjust your trading ideas to either continue or reverse your trading bias. These are great examples of bullish candlesticks that you can reference to now and then to familiarise yourself with the patterns.
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