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Candlestick chart patterns


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I am the first to admit that I am a bit of a novice when it comes to looking at candlestick chart patterns.  I consider these to be very important when deciding when to enter or exit a market.

 

I wonder if others would mind putting up a chart with a particular chart pattern with an explanation of what the significance is for the pattern.

 

Thanks in advance.

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  • 1 month later...

Hi, I hope you can see this chart:

 

5 min chart.png

 

Trade entered at break of 5 min Pin Bar at 08:45. LOW of bar is 10624.8

Move STOP as shown and EXIT trade at 10:25. HIGH is 10584.3

40 pips (roughly)

 

Price is trending DOWN

You could have exited at 09:50 or 09:55 when two pin bars appeared in opposite direction for about 60 pips

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