Candlestick Pattern (Educational)
The Power of Candlesticks: Pin Bar / Hammer 🔨
A Pin Bar (or Hammer) is one of the most reliable reversal patterns in price action trading:
Bullish Hammer: Shows that sellers pushed the price down, but buyers rejected the lower prices and closed near the top. Best spotted at major support levels.
Bearish Shooting Star: Shows that buyers pushed the price up, but sellers took control and forced the price down. Best spotted at major resistance levels.
Always look for confluence (S&R levels) before trading candlestick patterns.
The Power of Candlesticks: Pin Bar / Hammer 🔨
A Pin Bar (or Hammer) is one of the most reliable reversal patterns in price action trading:
Bullish Hammer: Shows that sellers pushed the price down, but buyers rejected the lower prices and closed near the top. Best spotted at major support levels.
Bearish Shooting Star: Shows that buyers pushed the price up, but sellers took control and forced the price down. Best spotted at major resistance levels.
Always look for confluence (S&R levels) before trading candlestick patterns.
Interactive Educational Quiz
Quick Quiz for Traders! 🤔
When the market breaks a major Resistance level and then retests it, what does that level usually act as?
A) A stronger Resistance
B) A new Support Level
C) A Sideways Range
Quick Quiz for Traders! 🤔
When the market breaks a major Resistance level and then retests it, what does that level usually act as?
A) A stronger Resistance
B) A new Support Level
C) A Sideways Range
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#XAUUSD_BUY4074/71
STOP LOSS 4064
1/ Take Profit 4077
2/ Take Profit 4080
3/ Take Profit 4083
4/ Take Profit 4086
STOP LOSS 4064
1/ Take Profit 4077
2/ Take Profit 4080
3/ Take Profit 4083
4/ Take Profit 4086
❤1
#XAUUSD_BUY4058/55
STOP LOSS 4048
1/ Take Profit 4061
2/ Take Profit 4064
3/ Take Profit 4067
4/ Take Profit 4070
STOP LOSS 4048
1/ Take Profit 4061
2/ Take Profit 4064
3/ Take Profit 4067
4/ Take Profit 4070
❤1