![]() ![]() It omits some of the famous ones, which work well in equities but do not do well in currencies, and provides modifications of other patterns to fit the currency trading perspective. The cheat sheet below summarizes candlestick patterns as they present themselves in FX trading. With almost no gaps between the candles and no definite daily close/open levels, traditional candlestick patterns are somewhat less applicable in Forex. The topic of the Japanese candlestick patterns in currency trading is rather controversial because not all of them apply to the spot foreign exchange market.
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