Powerful Forex Candlestick Pattern Indicator
If you have been following my blog so far, you will have heard me talking a lot about various candlestick patterns. There are various type of candlestick patterns but they are mainly categories into reversal and continuation patterns.
For the reversal candlestick patterns, they are often a sign that the price is going to reverse. For the continuation patterns, they are usually a sign of consolidation before the price will continue to move in the same direction.
However the main problem face by most traders is they do not know how to identify these patterns in their chart. In fact the candlestick patterns are the only leading indicators in trading as they are able to tell you a reversal is coming before it actually came.
Last week, I was recommended by one of our fellow traders about an indicator that is about to identify numerous candlestick patterns. Most importantly, it is able to tell strong reversal patterns, weak reversal patterns as well as continuation patterns.
I decided to get one for myself to see how it actually works and therefore to write this post to share this indicator with you guys.
In the picture below, you can see the the formation of a shooting star which is a strong reversal candlestick pattern. Whenever there is a shooting star formation, it is a sign that the price is going to reverse soon.
In the next picture, you can see the formation of inverted hammer which is also a reversal pattern.
Besides the 2 patterns above, there are many more candlestick patterns that this indicator can help you to identify which makes it very handy for traders.
If you are interested to find out more about this indicator, you can visit the website below.
Visit The Forex Candlestick Indicator Website