Real-time Candlestick Update - Get the Latest Pattern
The data below is presented to make it easier for you to get candle updates in major pairs from various time frames. Thus, you don't need to manually interpret candlestick patterns on the chart to get trading signals.
Time Frame | Indication | Candle Time |
USD-JPY H1
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Now |
A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
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GBP-USD Daily
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Now |
A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
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XAU-USD M15
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Now |
This pattern consists of two candlesticks. The first candle is bearish and engulfs the second bullish candle. This pattern indicates that the downtrend is starting to lose momentum. Although it can increase signal accuracy, the axes of the second candlestick do not have to be in the range of the first candlestick. |
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USD-JPY Monthly
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Now |
This pattern consists of two candlesticks. The first candle is bullish and bigger and engulfs the second candle which is a bearish pattern. This pattern indicates that the uptrend is starting to lose momentum. The axes of the second candlestick have not to be in the range of the first candlestick, although this condition can increase the signal accuracy. |
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USD-CHF H1
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May 9 2024 09:00:00 |
A three-candle pattern, where the first 2 candles form a Bearish Engulfing formation, while the third candle pattern is a bearish candle that confirms a bearish reversal. |
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USD-CAD M15
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May 9 2024 10:30:00 |
A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
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XAU-USD M15
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May 9 2024 10:30:00 |
Engulfing Bearish pattern consists of two candlesticks. The first candlestick is bullish and 'eaten' by the second candlestick which is bearish. This pattern indicates a weakening uptrend momentum and strengthening bearish sentiment in the market. |
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GBP-USD M30
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May 9 2024 10:30:00 |
A one-candle pattern that occurs at the top of an uptrend. The open creates a gap up from the previous candle, then closes near the low. A confirmation signal breach is obtained from the next candle that opens with a price below the Shooting Star body candle. |
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AUD-USD H1
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May 9 2024 09:00:00 |
This pattern consists of two candlesticks. The first candle is bullish and bigger and engulfs the second candle which is a bearish pattern. This pattern indicates that the uptrend is starting to lose momentum. The axes of the second candlestick have not to be in the range of the first candlestick, although this condition can increase the signal accuracy. |
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USD-CHF H1
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May 9 2024 08:00:00 |
Engulfing Bearish pattern consists of two candlesticks. The first candlestick is bullish and 'eaten' by the second candlestick which is bearish. This pattern indicates a weakening uptrend momentum and strengthening bearish sentiment in the market. |
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Completed Patterns | ||
EUR-USD M15
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May 9 2024 10:30:00 |
A one-candle pattern that occurs at the top of an uptrend. The open creates a gap up from the previous candle, then closes near the low. A confirmation signal breach is obtained from the next candle that opens with a price below the Shooting Star body candle. |
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GBP-USD H1
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May 9 2024 09:00:00 |
This pattern consists of two candlesticks. The first candle is bullish and bigger and engulfs the second candle which is a bearish pattern. This pattern indicates that the uptrend is starting to lose momentum. The axes of the second candlestick have not to be in the range of the first candlestick, although this condition can increase the signal accuracy. |
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XAU-USD M30
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May 9 2024 09:00:00 |
Engulfing Bearish pattern consists of two candlesticks. The first candlestick is bullish and 'eaten' by the second candlestick which is bearish. This pattern indicates a weakening uptrend momentum and strengthening bearish sentiment in the market. |
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GBP-USD H1
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May 9 2024 08:00:00 |
A two-candle pattern, the first candle is bearish and "engulfed" by the second bullish candle. This candle pattern indicates a weakening of the downtrend momentum which is taken over by bullish sentiment. |
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USD-JPY M30
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May 9 2024 08:30:00 |
A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
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GBP-USD H1
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May 9 2024 06:00:00 |
A one-candle pattern that occurs at the top of an uptrend. The open creates a gap up from the previous candle, then closes near the low. A confirmation signal breach is obtained from the next candle that opens with a price below the Shooting Star body candle. |
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AUD-USD M15
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May 9 2024 09:15:00 |
This pattern consists of two candlesticks. The first candle is bearish and engulfs the second bullish candle. This pattern indicates that the downtrend is starting to lose momentum. Although it can increase signal accuracy, the axes of the second candlestick do not have to be in the range of the first candlestick. |
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GBP-USD H1
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May 9 2024 06:00:00 |
A one-candle pattern opened lower than the previous candle. The feature of the Inverted Hammer is that it has a small body and a long upper axis. The longer the upper axis and the smaller the body, the more significant the Inverted Hammer bullish signal. |
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EUR-USD M15
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May 9 2024 09:45:00 |
A one-candle pattern that occurs at the top of an uptrend. The open creates a gap up from the previous candle, then closes near the low. A confirmation signal breach is obtained from the next candle that opens with a price below the Shooting Star body candle. |
What is the beginner's mistake of using candlestick?
Most novice traders make their mistakes when they treat a single candlestick pattern as a trading signal. It is essential to understand that candlestick patterns have little value if we don't see them in the right price action context. Patterns alone usually don't have enough power to reverse the trend of the market.
Continue Reading at A Useful Guide to Combine Candlesticks with Indicators
What is the formula of Heikin Ashi candlestick?
- HA Open = (Open (previous) Close (previous)) / 2
- HA Close = (Open (current) High (current) Low (current) Close (current)) / 4
- HA High = The highest between the High (current), HA Open, and HA Close
- HA Low = The lowest between the Low (current), HA Open, and HA Close
The HA Open is always at the midpoint of the previous candle as it is the average value of the previous open and close. Meanwhile, the HA Close is the average value of the four prices in the current period.
It is possible for a Heikin-Ashi candlestick to not have an upper shadow if the current High is not the actual high of the current period. Likewise, a Heikin-Ashi candlestick may not have a lower shadow if the current Low is not the actual low of the current period.
Continue Reading at Heikin-Ashi Strategy: An Easy Way to Follow the Trend
How to use candlestick as an RSI confirmation?
Try to observe the behavior of the candlestick patterns at the point of RSI divergence. In a reversal from a downtrend, we would want to look for bullish patterns such as a bullish hammer or dragonfly doji. In a reversal from an uptrend, we should look for bearish patterns like bearish engulfing or gravestone doji. Also, keep in mind that the price must close above the previous candlestick price.
Continue Reading at Bollinger Bands and RSI Combo Strategy
What is indecision candlestick?
Commonly known as the spinning top pattern, it consists of a tiny body with long tails. The pattern shows indecision because there is volatility throughout the period, but by the end of the time, the price is near where it started.
While spinning tops may occur on their own and signal a trend reversal, sometimes there are two or three that occur together. The price will then make a drastic move in one direction or the other, and close in that direction as well. That is the direction to trade in.
Continue Reading at A Useful Guide to Combine Candlesticks with Indicators
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