Candlestick patterns come in many forms and they have the power to turn market direction. They are usually made up of two or three candlesticks but always require confirmations if they are to be used in a trade. Candlestick patterns allow us to get into a trade early but this can only be achieved if the correct analysis is utilised. Never simply rely on the candlesticks themselves because they can provide a fake picture of the current market situation. Below is a list of candlestick patterns you are required to know, so ensure that you watch all the Forex training videos.
The Euro may fall as traders flee uncertainty amid conflicting reports about prospects for a budget deal between Italy and the EU.
Gold prices may be trapped by conflicting influences if the US Dollar gains on haven demand while bond yields drop amid renewed risk aversion.
The British Pound tumbled on the latest Brexit news, Wall Street rallied with tech shares. Asia Pacific stocks may pause losses as Australian Dollar is at risk to business confidence.