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CANDLESTICKS PATTERN ENTRY EXIT STRATEGY WITH CONFLUENCE

CANDLESTICKS PATTERN ENTRY EXIT STRATEGY WITH CONFLUENCE

 

Candlesticks Pattern Entry-Exit Strategies with Confluence
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team.

By 2021, the Earn money Forex research team will provide Weekly Analysis
Setup to you before start trading every week. Also, Strategy and Blog will
publish regularly as previous.
Let’s start today’s topic………

In this lesson, u will learn Candlesticks Pattern Entry-Exit Strategies with
Confluence.

Before start deep drive this lesson, At first we have to know what is
confluence.

Confluence: Smart money holders never trade forex, Equity, Commodity,
Crypto, Metal, Indices are based on one indicator or pattern. There are a lot of
indicators and patterns available in this industry. Let’s try to understand an
example,

 

GOLD is an uptrend for the last three months in the daily time frame. Now
Buyers are going to weak day by day. But Sellers is not so strong this time.
Though they are trying hard and soul to push down.

At last Lower, High Create with a reversal candlesticks Bearish Engulfing.
Shall we SHORT here……..!
Most of the retail traders do it. Thus 95% of retail traders fail here.

But Smart Money never does it. They never take their BUY/SELL decision
based on one market reaction.

After creating a lower high with reversal candlesticks Bearish Engulfing,
Smart Money holder draw Fibonacci Retracement for a better understanding
of the market.

For more better understand, They will add the Support/Resistance line or
zone and Moving Average.

And it is called CONFLUENCE.

In this lesson, we include Moving Average, Fibonacci, Support/Resistance line
or zone, Trend line, and Chart Pattern as a confluence tool with Candlesticks
Pattern.

Let’s try to gather a short idea on one of the above-mentioned confluence tools.
Moving Average:

Definition and Calculation of Moving Average (MA):

Moving Averages are of various types. E.g. Simple Moving Average (SMA),
Exponential Moving Average (EMA), Smoothed Moving Average (SMMA), etc.

Simple Moving Average (SMA) is the most uses because of its easy to
calculate and understand.

A simple moving average is formed by calculating the average price of a
currency over a specific number of periods.

Most moving averages are based on closing prices; for example, a 5-day
the simple moving average is the five-day sum of closing prices divided by five.

As its name implies, a moving average is an average that moves.
Old data is dropped as new data becomes available, causing the average to
move along the time scale.

The example below shows a 5-day moving average evolving over three days.

 

Daily Closing Prices: 11,12,13,14,15,16,17

First day of 5-day SMA: (11 + 12 + 13 + 14 + 15) / 5 = 13

Third day of 5-day SMA: (13 + 14 + 15 + 16 + 17) / 5 = 15

 



CANDLESTICKS PATTERN STRATEGY FOR FOREX

 

The first day of the moving average simply covers the last five days.

The second day of the moving average drops the first data point (11) and adds
the new data point (16).

The third day of the moving average continues by dropping the first data point
(12) and adding the new data point (17).

In the example above, prices gradually increase from 11 to 17 over a total of
seven days.

Notice that the moving average also rises from 13 to 15 over a three-day
calculation period.

Also, notice that each moving average value is just below the list price. For
example, the moving average for day one equals 13 and the last price is 15.
Prices the prior four days were lower and this causes the moving average to
lag.

For your kind information, Any moving average strategy is trend trading
system.

Moving Average works well when prices are on an uptrend or downtrend.
In a choppy or sideways market moving average strategies are unable to well.
So we always avoid using moving average strategies when markets are
choppy or sideways.

Otherwise, it’s chance to hit stop loss more and more.
Simple Moving Average is the default indicator in Metatrader4 or Metatrader5.
Metatrader4 Simple Moving Average plot as below

Open Metatrader4> Insert > Indicator> Trend> Moving Average> Simple
> OK

 



 

Fibonacci Retracements and Fibonacci Ratios:
According to Investopedia, Fibonacci retracements are popular
among technical traders which based on the key numbers identified by
mathematician Leonardo Fibonacci in the 13th century. Fibonacci sequence
of numbers is not important as the mathematical relationships, expressed as
ratios, between the numbers in the series.

In technical analysis, a Fibonacci retracement is created by taking two
extreme points (usually a peak and a trough) on forex, equity, commodity,
crypto and indices chart with dividing the vertical distance by the key
Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.

Once these levels are identified, horizontal lines are drawn for used to identify
possible support and resistance levels.

KEYNOTES

 Fibonacci retracements are popular tools that traders can use to draw
support lines, identify resistance levels, place stop-loss orders, and set
target prices.
 A Fibonacci retracement is created by taking two extreme points on a
forex, equity, commodity, crypto, and indices chart and dividing the
vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%,
61.8%, and 100%.
 Fibonacci retracements suffer from the same drawbacks as other
universal trading tools so they are best used in conjunction with other
indicators.

Fibonacci Retracement

How Fibonacci Ratios Work
Before we can understand why these ratios were chosen, let’s understand the
Fibonacci number series.

The Fibonacci sequence of numbers is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144,
etc. This sequence is simply the sum of the two preceding terms, and the
sequence continues infinitely. The remarkable characteristic of this numerical
sequence is that each number is approximately 1.618 times greater than the
preceding number. This common relationship between every number in the

series is the foundation of the ratios used by technical traders to
determine retracement levels easily.

The key Fibonacci ratio of 61.8% is found by dividing one number in the
series by the number of follows it. For example, 21 divided by 34 equals
0.6176, and 55 divided by 89 equals about 0.61798.

The 38.2% ratio is discovered by dividing a number in the series by the
number located two spots to the right, for instance, 55 divided by 144 equals
approximately 0.38194.

The 23.6% ratio is found by dividing one number in the series by the number
of three places to the right. For example, 8 divided by 34 equals about
0.23529.

 

Support & Resistance:

Support & Resistance is the most uses tool in technical analysis. Firstly
everybody searches for support & resistance line or zone when the open chart of any
currency, commodities, metal, stocks, and index.

Support: That’s the area of the chart where price bounces up by buying pressure.
Simply two or more bounce-up areas by buyer make support area. When
resistance breaks out strongly then it turns to support from resistance.

Resistance: That’s the area of the chart where price bounces down by selling
pressure. Simply two or more bounce down areas by seller makes resistance
area. When support breaks down strongly then it turns resistance from support.

Trend line:

At least create two or more bounce up or down from vertical line or zone by
buyer or seller creates a trend line.
Its acts as a support or resistance.
When resistance trend line or zone break out strongly then it turn support
from resistance.

Vice versa, support trend line or zone break down strongly then it turns
resistance from support

Chart Pattern:
The chart pattern is a pattern within a chart when prices are graphed. In forex,
stock, crypto, metal, and commodity trading, chart pattern studies play a huge
role during technical analysis. After plotted data, there is usually any pattern
that naturally occurs and repeats over a period. Normally chart patterns are
used as either reversal or continuation signals.

Most uses and repeatable chart pattern summary as below,

Double Top Chart Pattern: A double top chart pattern is this pattern that
traders use to highlight trend reversals. Forex, equity, commodity, metal,
crypto prices will experience a peak, before retracing back to a level of support.
It will then climb up more before reversing back more permanently against
the current trend.

Double Bottom Chart Pattern: A double bottom chart pattern is a pattern
that traders use to highlight trend reversals. Forex, equity, commodity, metal,
crypto prices will experience a bottom, before retracing back to a level of
resistance. It will then climb up again before reversing back more
permanently against the current trend.

Triple Top Chart Pattern: A triple top chart pattern is a pattern that traders
use to highlight trend reversals. Forex, equity, commodity, metal, crypto price
will experience a triple peak, before retracing back to a level of support. It will
then climb up two times before reversing back more permanently against the
current trend.

Triple Bottom Chart Pattern: A triple bottom chart pattern is a pattern that
traders use to highlight trend reversals. Forex, equity, commodity, metal,
crypto prices will experience a triple bottom, before retracing back to a level of
resistance. It will then climb up two times before reversing back more
permanently against the current trend.

 

Head & Shoulder Chart Pattern: Head and shoulders chart pattern is that
chart pattern where a large peak has a slightly smaller peak on either side of
it. Forex, equity, commodity, metal, crypto traders look at head and shoulders
patterns for bullish to bearish reversal prediction.

The first and third peaks will be smaller than the second peak, but they will all fall
back to the same level of support, which is known as the ‘neckline’. When the
third peak breaks the level of support, it will likely break down into a bearish
downtrend.

Inverse Head & Shoulder Chart Pattern: Inverse Head and shoulders is a
chart pattern in which a large bottom has a slightly smaller bottom on either
side of it. Forex, equity, commodity, metal, crypto traders look at the inverse head
and shoulders patterns for bearish to bullish reversal prediction.

The first and third-bottom will be higher than the second bottom, but they will all
fall back to the same level of resistance, which is known as the ‘neckline’.
When the third peak breaks the level of resistance, it will likely break out into
a bullish uptrend.

Symmetrical Triangle: The Symmetrical Triangle is an area of indecision where
the present price is a pause and the future direction is questionable. Also, demand
and supply are equal at this time.
Ascending Triangle: It is the symmetrical triangle variation with bullish
formation. When its create in an uptrend, most reliability assures for traders.
The top part of the ascending triangle will flat and the bottom part created a higher
low several times.

The below clause must fulfill when Ascending Triangle Pattern create.
 The price must reach a higher high position.
 Price is corrective and turned back.
 Price try to touch the previous high.
 Price again corrective and turned back.
 Price creates new high and bulls are taking full of control.

Minimum two flat top and two higher low required to create the Ascending
Triangle in bullish.

Descending Triangle: It is the symmetrical triangle variation with bearish
formation. It creates a downtrend with most confirmed.

The bottom part of the Descending triangle will flat and the upper part create
lower high severally.

The below clause must fulfill when Descending Triangle Pattern create.
 Price reaches a lower low position.
 Price corrective and turned back.
 Price tries to touch the previous low.
 Price corrective and turned back.
 Price creates new low and bears are taking full control.

Minimum two flat bottoms with two lower highs are required to create the
descending triangle in bearish.

Flag Pattern: The Flag Pattern is a continuation pattern which finds out in the chart
after massive or big bullish or bearish movement. Research has shown that
Flag Pattern is one of the most reliable continuation patterns for Forex, equity,
commodity, metal, crypto trader.

Bullish Flag must have two or lower tops and lower bottoms. And
the pattern goes against the uptrend but the channel goes ahead with parallel.

Minimum two lower tops and two lower bottoms are required for a bullish flag
pattern.

Bearish Flag must have two or higher tops and higher bottoms.
And the pattern goes against the downtrend but the channel goes ahead with
parallel.

Minimum two higher tops and two higher bottoms required for bearish flag
pattern.

Channel Pattern: Channel Pattern is actually a continuation pattern. Generally,
this Pattern finds out in the chart after massive or big bullish or bearish movement.
Research has shown that Channel Pattern is one of the most reliable
continuation patterns for forex, equity, metal, and crypto traders. Of course,

trend lines must run parallel. Supply, demand seems balanced at this moment.
Thus buyers and sellers seem control equally.

Bullish channels create two or two more parallel tops and parallel
bottoms. This pattern goes against the uptrend but the channel goes ahead
with parallel.

Minimum two parallel tops and bottoms are required for bullish channel pattern.

A bearish channel creates two or two more parallel tops and parallel
bottoms. This pattern goes against the downtrend but the channel goes
ahead with parallel.

Minimum two parallel tops and bottoms are required for a bearish channel pattern.
Let’s try to understand candlesticks’ pattern shortly.

What is Candlesticks Pattern?
According to Wikipedia, In technical Analysis, a candlesticks pattern is a
development in costs demonstrated graphically on a candle diagram that
some accept can foresee a specific market development. The
acknowledgment of the example is emotional and programs that are utilized
for the graphing need to depend on predefined rules to coordinate the
example. There are 42 perceived examples that can be part of
straightforward and complex patterns.

The absolute most punctual specialized exchanging investigation was utilized
to follow the costs of rice in the eighteenth century. A great part of the credit for
candle diagramming goes to Munehisa Homma (1724–1803), a rice vendor
from Sakata, Japan who exchanged the Ojima Rice in the market in Osaka during
the Tokugawa Shogunate. As per Steve Nison, be that as it may, candle
graphing came later, most likely start after 1850.

 

Candles are graphical

 

 

Candles are graphical portrayals of value developments for a given timeframe.
They are generally shaped by the opening, high, low, and shutting costs of a
budgetary instrument.

On the off chance that the initial cost is over the end value, at that point a filled
(typically red or dark) the candle is drawn.

On the off chance that the end cost is over the initial value, at that point
typically a green or an empty candle (white with a dark layout) has appeared.

The filled or empty bit of the light is known as the body or genuine body, and
can be long, ordinary, or short contingent upon its extent to the lines above or
underneath it.

The lines above and beneath, known as shadows, tails, or wicks speak to the
high and low value ranges inside a predefined timeframe. Notwithstanding,
not all candles have shadows.

Just follow earnmoneyfx.com provided rules properly, we assure u that
success is not so far.

Forty-two more candlesticks pattern we found in the chart. As below here, we
discussed the most repeatable pattern. They are….

 Bullish Engulfing Candlesticks Pattern Entry-Exit Strategy with
Confluence.

 Bearish Engulfing Candlesticks Pattern Entry-Exit Strategy with
Confluence.
 Morning Star Candlesticks Pattern Entry-Exit Strategy with
Confluence.
 Shooting Star Candlesticks Pattern Entry-Exit Strategy with
Confluence.
 Piercing Candlesticks Pattern Entry-Exit Strategy with Confluence.
 Dark Cloud Cover Candlesticks Pattern Entry-Exit Strategy with
Confluence.
 Bullish Harami Candlesticks Pattern Entry-Exit Strategy with
Confluence.
 Bearish Harami Candlesticks Pattern Entry-Exit Strategy with
Confluence.
 Hammer Candlesticks Pattern Entry-Exit Strategy with Confluence.
 Doji Candlesticks Pattern Entry-Exit Strategy with Confluence.
 Pin Bar Candlesticks Pattern Entry-Exit Strategy with Confluence.
 Inside Bar Candlesticks Pattern Entry-Exit Strategy with Confluence.
 Evening Star Candlesticks Pattern Entry-Exit Strategy with
Confluence.

 

Bullish Engulfing

 

Bullish Engulfing Entry-Exit Strategy with Confluence:

Bullish Engulfing:

Bullish Engulfing Entry-Exit

It consists of a small black body that is contained within the
followed large white candlestick and when it occurs at the bottom it
is interpreted as a major reversal signal.

Identify Bullish Engulfing & Confluence:

 

 Image point number – 1, Price is completely sideways. We got the
second reversal point from where the price bounce. Let’s draw a support
line or zone. Its waits and observe time when the price comes back to support
line or zone.
Yeah, price back to support zone. Now it's time to wait for the
candlesticks pattern.
 Image point number- 2, Wow, Bullish Engulfing candlesticks pattern
create on support area. So confluence creates which gives us better
confirmation and confidence for trigger trade here.

Entry, Stop Loss and Exit of Bullish Engulfing & Confluence:

 Aggressive trader put BUY STOP order when close Bullish Engulfing
candlesticks. After trigger trader, they place a stop loss below of Bullish
Engulfing candlesticks.
 Conservative trader put BUY STOP order two to five pips above of
Bullish Engulfing candlesticks high. After trigger trader, they place a stop
loss below of Bullish Engulfing candlesticks or support line/zone.
 Aggressive, Conservative traders place to take profit level near swing high
or 1: 2 more risk-reward ratio as per their choice.

 

Bearish Engulfing

 

Bearish Engulfing Entry-Exit Strategy with confluence:

Bearish Engulfing:

Bearish Engulfing Entry-Exit

It consists of a small white body that is contained within the
followed large black candlestick and when it appears at the top it is
identify as a major reversal signal.

Identify Bearish Engulfing & Confluence:

 

 Image point number – 1, Price is completely sideways. We got the second
reversal point from where the price bounce. Let’s draw a resistance line. Its
waits and observe time when the price comes back to the resistance line or zone.
Yeah, price back to the resistance zone. Now it’s time to wait for the candlesticks
pattern.

 

 Image point number- 2, Wow, Bearish Engulfing candlesticks pattern
create on resistance area. So confluence creates which gives us better
confirmation and confidence for trigger trade here.

 

Entry, Stop Loss and Exit of Bullish Engulfing & Confluence:

 Aggressive traders put SELL STOP orders when they close Bearish Engulfing
candlesticks. After trigger trader, they place a stop loss above of Bearish
Engulfing candlesticks.
 Conservative trader put SELL STOP order two to five pips below of
Bearish Engulfing candlesticks high. After trigger trader, they place stop
loss above of Bearish Engulfing candlesticks or support line/zone.
 Aggressive, Conservative traders place to take profit level near swing low
or 1: 2 more risk-reward ratio as per their choice.

 

Morning Star

 

Morning Star Candlesticks Pattern with confluence Entry-Exit
Strategy:

Morning Star Candlesticks Pattern:

Morning Star Candlesticks Pattern

Morning Doji Star Consists of a large black body candlestick
followed by   Doji that occurred below the preceding candlestick.
The next day, a third white body candlestick is formed that closed
well into the black body candlestick which appeared before the
Doji. It is considered a major reversal signal which is more
bullish than the regular morning star pattern because of the
existence of the Doji.

Morning Star Consists of a large black body candlestick followed
by the small body (black or white) that occurred below the large black body
candlestick. The next day, a third white body candlestick is formed that closed
well into the black body candlestick which is considered as a major reversal
signal when it appears at the bottom.

 

Identify Morning Star & Confluence:

Image point number – 1, Price is completely uptrend. We got one after
one higher high and higher low. Let’s draw Fibonacci retracements. Its
wait and observe time when the price comes back to the Fibonacci retracement
level.
Yeah, price back to Fibonacci reversal level 61.8. Now its time to wait for
the candlestick’s pattern.

 Image point number- 2, Wow, Morning Star candlesticks pattern
create on Fibonacci reversal level 61.8 So confluence creates which give
us better confirmation and confidence for trigger trade here.

Entry, Stop Loss, and Exit of Morning Star Candlesticks & Confluence:

 Aggressive traders put BUY STOP order when close Morning Star
candlesticks. After trigger trader, they place a stop loss below of Morning
Star candlesticks.
 Conservative trader put BUY STOP order two to five pips above of
Morning Star candlesticks high. After trigger trader, they place a stop loss
below of Morning Star candlesticks or Fibonacci retracement 100 level.
 Aggressive, Conservative traders place take profit level near swing high
or 1: 2 more risk-reward ratio or Fibonacci extension level
1.618/2.618/4.23 as per their choice.

 

Evening Star

 

Evening Star Candlesticks Pattern Entry-Exit Strategy with
confluence:

Evening Star Candlesticks Pattern:

Evening Star Candlesticks Pattern

It’s consists of a large white body candlestick followed by a
small body candlestick (black or white) that gaps above
the previous. And the third is a black body candlestick that
closes well within the large white body. It’s considered as
a reversal signal when it appears at the top level.

Identify Evening Star & Confluence:

 Image point number – 1, Price is completely uptrend. We got one after
one higher high and higher low. Let’s draw the Fibonacci extension level
1.618/2.618/4.23. Its wait and observe time when the price to reach
Fibonacci extension level 1.618/2.618/4.23
Yeah, price back to Fibonacci extension level 1.618/2.618/4.23 Now its
time to wait for candlesticks pattern.

 Image point number- 2, Wow, Evening Star candlesticks pattern create
on Fibonacci extension level, 4.23 So confluence create which give us
better confirmation and confidence for trigger trade here.

Entry, Stop Loss and Exit of Morning Star Candlesticks & Confluence:

 Aggressive trader put SELL STOP orders when close Evening Star
candlesticks. After trigger trader, they place stop loss above of Evening
Star candlesticks.
 Conservative trader put SELL STOP order two to five pips above of
Evening Star candlesticks low. After trigger trade, they place stop loss
above of Evening Star candlesticks or Fibonacci extension level 4.23
 Aggressive, Conservative traders place to take profit level near swing low
or 1: 2 more risk-reward ratio as per their choice.

 

Shooting Star

 

Shooting Star Candlesticks Pattern Entry-Exit Strategy with
confluence:

Shooting Star Candlesticks Pattern:

Shooting Star2

It’s a black or a white candlestick which has a small body, a long
upper shadow, a little or no lower tail. And it's considered a
the bearish pattern in an uptrend.

 Image point number – 1, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For that, as a swing trader, it’s time to plot
the moving average. We plot Simple Moving Average 100 here. Its waits and
observe time when the price comes back to Simple Moving Average 100.
Yeah, price back to Simple Moving Average 100. Now it’s time to wait for
the candlestick’s pattern.

 Image point number- 2, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. As a swing trader, we plot Simple Moving
Average 100 previously. For better confirmation, We plot the triangle chart
pattern here. After impulsive mood, the triangle pattern shows a continuation
signal. Its wait and observe time when price come back to the lower line of
triangle chart pattern
Yeah, price back to triangle chart pattern lower line. Now its time to wait
for the candlestick’s pattern.

 Image point number- 3, Wow, Shooting Star candlesticks pattern
create on Simple Moving Average 100 and triangle chart pattern lower
line. So double confluence create which gives us better confirmation and
confidence for trigger trade here.

 



 

 

Entry, Stop Loss and Exit of Shooting Star Candlesticks & Confluence:

 Aggressive trader put BUY STOP order when close Shooting Star
candlesticks. After trigger trader, they place a stop loss below of Shooting
Star candlesticks.
 Conservative trader put BUY STOP order two to five pips above of
Shooting Star candlesticks high. After trigger trader, they place stop loss
below of Shooting Star candlesticks or Simple Moving Average 100 or
triangle chart pattern lower line.

 Aggressive, Conservative traders place to take profit level near swing high
or 1: 2 more risk-reward ratio or triangle chart pattern profit level as
per their choice.

 

Piercing Candlesticks Pattern

 

Piercing Candlesticks Pattern Entry-Exit Strategy with
confluence:

Piercing Candlesticks Pattern:

Piercing Candlesticks

It’s Consists of a black candlestick followed by a white
candlestick that opens lower than the low of preceding but
closes more than halfway into the black body candlestick. And it’s
considered as a reversal signal when it appears at the bottom.

 Image point number- 1, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For better confirmation, We plot the triangle chart
pattern here. After an impulsive mood, the triangle pattern shows a continuation
signal. Its wait and observe time when price come back to the lower line of
triangle chart pattern
Yeah, price back to triangle chart pattern lower line. Now it’s time to wait
for the candlesticks pattern.
 Image point number- 2, Wow, Piercing candlesticks pattern create on
triangle chart pattern lower line. So confluence creates which gives us
better confirmation and confidence for trigger trade here.

Entry, Stop Loss, and Exit of Piercing Candlesticks & Confluence:

 Aggressive trader put BUY STOP order when close Piercing candlesticks
pattern. After trigger trader, they place a stop loss below of Piercing
candlesticks pattern.
 Conservative trader put BUY STOP order two to five pips above of
Piercing candlesticks pattern high. After trigger trader, they place a stop
loss below of Piercing candlesticks pattern or triangle chart pattern
lower line.

 Aggressive, Conservative traders place to take profit level near swing high
or 1: 2 more risk-reward ratio or triangle chart pattern profit level as
per their choice.

 

Dark Cloud Cover Candlesticks Pattern

 

Dark Cloud Cover Candlesticks Pattern Entry-Exit Strategy with
confluence:

Dark Cloud Cover Candlesticks Pattern:

Dark Cloud Cover Candlesticks

It’s consists of a long white candlestick followed by a black
candlestick that opens above the high of the white candlestick
and closes well into the body of the white candlestick. And it’s
considered as a bearish reversal signal during an uptrend.

 Image point number- 1, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For better confirmation, We plot the rising wedge
chart pattern here. After impulsive mood with rising wedge chart
pattern show week signal. Its waits and observe time when the price comes
back to the lower line of the wedge chart pattern upper line.
Yeah, price back to rising wedge chart pattern upper line. Now it’s time to
wait for the candlesticks pattern.
 Image point number- 2, Wow, Dark Cloud Cover candlesticks pattern
create on rising wedge chart pattern upper line. So confluence creates
which gives us better confirmation and confidence for trigger trade here.

Entry, Stop Loss and Exit of Dark Cloud Cover Candlesticks & Confluence:

 Aggressive trader put SELL STOP orders when close Dark Cloud Cover
candlesticks pattern. After trigger trader, they place a stop loss above of
Dark Cloud Cover candlesticks pattern.
 Conservative trader put SELL STOP order two to five pips above of Dark
Cloud Cover candlesticks pattern low. After trigger trade, they place a stop
loss above of Dark Cloud Cover candlesticks pattern.

 Aggressive, Conservative traders place to take profit level near swing low
or 1: 2 more risk-reward ratio or rising wedge chart pattern take profit
level as per their choice.

 

Bearish Harami Candlesticks Pattern

 

Bearish Harami Candlesticks Pattern Entry-Exit Strategy with
confluence:

Bearish Harami Candlesticks Pattern:

Bearish Harami Candlesticks

It’s consists of an unusually large white body followed by a
small black body (contained within the large white body). And it’s
considered as a bearish pattern when preceded by an uptrend.

 Image point number- 1, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For better confirmation, We plot the rising wedge
chart pattern here. After impulsive mood with rising wedge chart
pattern show week signal. Its waits and observe time when the price comes
back to the lower line of the wedge chart pattern upper line.
Yeah, price back to rising wedge chart pattern upper line. Now it’s time to
wait for the candlestick’s pattern.
 Image point number- 2, Wow, Bearish Harami candlesticks pattern
create on rising wedge chart pattern upper line. So confluence creates
which gives us better confirmation and confidence for trigger trade here.

Entry, Stop Loss and Exit of Bearish Harami Candlesticks & Confluence:

 Aggressive trader put SELL STOP orders when close Bearish Harami
candlesticks pattern. After trigger trader, they place a stop loss above of
Bearish Harami candlesticks pattern.
 Conservative trader put SELL STOP order two to five pips above of
Bearish Harami candlesticks pattern low. After trigger trade, they place
a stop loss above of Bearish Harami candlesticks pattern.

 Aggressive, Conservative traders place to take profit level near swing low
or 1: 2 more risk-reward ratio or rising wedge chart pattern take profit
level as per their choice.

 

Bullish Harami Candlesticks Pattern

 

Bullish Harami Candlesticks Pattern Entry-Exit Strategy with
confluence:

Bullish Harami Candlesticks Pattern:

Bullish Harami Candlesticks

It’s consists of an unusually large black body followed by a
small white body (contained within the large black body). And it’s
considered as a bullish pattern when preceded by a
downtrend.

 Image point number- 1, Price is completely up a trend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For better confirmation, We plot the channel chart
pattern here. After impulsive mood with channel chart pattern show
week signal. Its wait and observe time when the price comes back to the lower
line of the channel chart pattern lower line.
Yeah, price back to channel chart pattern lower line. Now it’s time to wait
for candlestick’s pattern.
 Image point number- 2, Wow, Bullish Harami candlesticks pattern
create on channel chart pattern lower line. So confluence creates which
gives us better confirmation and confidence for trigger trade here.

Entry, Stop Loss and Exit of Bullish Harami Candlesticks & Confluence:

 Aggressive trader put BUY STOP order when close Bullish Harami
candlesticks pattern. After trigger trader, they place a stop loss below of
Bullish Harami candlesticks pattern.
 Conservative trader put BUY STOP order two to five pips above of
Bullish Harami candlesticks pattern high. After trigger trader, they place

a stop loss below of Bullish Harami candlesticks pattern or channel chart
pattern lower line.
 Aggressive, Conservative traders place to take profit level near swing high
or 1: 2 more risk-reward ratio or channel chart pattern profit level as
per their choice.

 

Hammer Candlesticks Pattern

 

Hammer Candlesticks Pattern Entry-Exit Strategy with
confluence:

Hammer Candlesticks Pattern:

Hammer Candlesticks

It’s a black or a white candlestick that consists of a small
body near the high with a little or no upper shadow and a
long lower tail. Also considered a bullish pattern during a
uptrend.

 Image point number- 1, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For better confirmation, We plot the triangle chart
pattern here. After impulsive mood, the triangle pattern shows a continuation
signal. Its wait and observe time when price come back to the lower line of
triangle chart pattern
Yeah, price back to triangle chart pattern lower line. Now it’s time to wait
for candlesticks’ pattern.

 Image point number- 2, Wow, Hammer candlesticks pattern create on
triangle chart pattern lower line. So confluence creates which gives us
better confirmation and confidence for trigger trade here.

Entry, Stop Loss, and Exit of Bearish Harami Candlesticks & Confluence:

 Aggressive trader put SELL STOP orders when close Hammer
candlesticks pattern. After trigger trader, they place a stop loss above of
Bearish Hammer candlesticks pattern.
 Conservative trader put SELL STOP order two to five pips above of
Hammer candlesticks pattern low. After trigger trade, they place a stop
loss above of Hammer candlesticks pattern.
 Aggressive, Conservative traders place take profit level near swing low
or 1: 2 more risk-reward ratio or triangle chart pattern take profit level
as per their choice.

 

Inverted Hammer Candlesticks Pattern

 

Inverted Hammer Candlesticks Pattern Entry-Exit Strategy with
confluence:

Inverted Hammer Candlesticks Pattern:

Inverted Hammer Candlesticks

A black or a white candlestick in an upside-down hammer
position.

 Image point number – 1, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For that, as a swing trader, it’s time to plot
the moving average. We plot Simple Moving Average 100 here. Its waits and
observe time when the price comes back to Simple Moving Average 100.
Yeah, price back to Simple Moving Average 100. Now it’s time to wait for
the candlesticks pattern.

 Image point number- 2, Wow, Shooting Star candlesticks pattern
create on Simple Moving Average 100. So confluence creates which gives
us better confirmation and confidence for trigger trade here.

Entry, Stop Loss, and Exit of Inverted Hammer Candlesticks & Confluence:

 Aggressive trader put BUY STOP order when close Inverted Hammer
candlesticks. After trigger trader, they place a stop loss below of Inverted
Hammer candlesticks.
 Conservative trader put BUY STOP order two to five pips above of
Inverted Hammer candlesticks high. After trigger trader, they place stop
loss below of Inverted Hammer candlesticks or Simple Moving Average
100 or triangle chart pattern lower line.
 Aggressive, Conservative traders place to take profit level near swing high
or 1: 2 more risk-reward ratio as per their choice.

 

Pin bar Candlesticks Pattern

 

Pin bar Candlesticks Pattern Entry-Exit Strategy with
confluence:

Pin bar Candlesticks Pattern:

Pin bar Candlesticks

It’s formed when the opening and the closing prices are at
the highest of the day. When it has a long lower shadow
it signals a more bullish trend. Also appearing at the
market bottoms it’s considered to be a reversal signal.

 Image point number- 1, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For better confirmation, We plot the triangle chart
pattern here. After impulsive mood, the triangle pattern shows a continuation
signal. Thereafter price reach triangle pattern profit level. Now it’s time
to wait for candlesticks’ pattern.

 Image point number- 2, Wow, Pin bar candlesticks pattern create on
triangle chart pattern profit level. So confluence creates which gives us
better confirmation and confidence for trigger trade here.

Entry, Stop Loss, and Exit of Pin bar Candlesticks & Confluence:

 Aggressive traders put SELL STOP orders when they close the Pin bar candlesticks
pattern. After trigger trader, they place a stop loss above of Pin bar
candlesticks pattern.
 Conservative trader put SELL STOP order two to five pips above of Pin
bar candlesticks pattern low. After trigger trade, they place a stop loss
above of Pin bar candlesticks pattern.
 Aggressive, Conservative traders place take profit level near swing low
or 1: 2 more risk-reward ratio as per their choice.

 

Doji Candlesticks Pattern

 

Doji Candlesticks Pattern Entry-Exit Strategy with confluence:

Doji Candlesticks Pattern:

Doji Candlesticks

It’s Formed when opening and closing prices are virtually
the same. Also, the lengths of shadows can vary.

 Image point number – 1, Price is completely uptrend where we saw
one after one higher high and higher low. Thereafter price was unable to
break a new higher high. And break higher low and create a new lower low.
Time to draw the Fibonacci extension. Then Price reaches Fibonacci
extension levels 1.618, 2.618, and 4.23 levels. Now it’s time to wait for
the candlesticks pattern.
 Image point number- 2, Wow, Doji candlesticks pattern create on
Fibonacci extension level 4.23 level. So confluence creates which gives us
better confirmation and confidence for trigger trade here.

Entry, Stop Loss, and Exit of Doji Candlesticks & Confluence:

 Aggressive trader put BUY STOP order when close Doji candlesticks.
After trigger trader, they place a stop loss below of Doji candlesticks.
 Conservative trader put BUY STOP order two to five pips above of Doji
candlesticks high. After trigger trader, they place stop loss below of Doji
candlesticks or Simple Moving Average 100 or triangle chart pattern
lower line.
 Aggressive, Conservative traders place to take profit level near swing high
or 1: 2 more risk-reward ratio as per their choice.

 

Pin bar Candlesticks Pattern

 

Pin bar Candlesticks Pattern Entry-Exit Strategy with
confluence:

Pin bar Candlesticks Pattern:

Pin bar Candlesticks

It’s formed when the opening and the closing prices are at
the highest of the day. When it has a long lower shadow
it signals a more bullish trend. Also appearing at the
market bottoms it’s considered to be a reversal signal.
 Image point number- 1, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For better confirmation, We plot a simple
moving average of 100 here. Thereafter price reaches a simple moving
average of 100 levels. Now it’s time to wait for the candlesticks pattern.
 Image point number- 2, Price is completely uptrend where we saw
one after one higher high and higher low. Price never increases straight.
It must maintain a zigzag. For better confirmation, We plot support here.

Thereafter price reaches the support level. Now it’s time to wait for
the candlesticks pattern.
 Image point number- 3, Wow, Pin bar candlesticks pattern create on
simple moving average 100 and support level or zone. So double
confluence create which gives us better confirmation and confidence for
trigger trade here.

Entry, Stop Loss, and Exit of Pin bar Candlesticks & Confluence:

 Aggressive trader put BUY STOP order when close Pin bar candlesticks
pattern. After trigger trader, they place a stop loss below of Pin bar
candlesticks pattern.
 Conservative trader put BUY STOP order two to five pips above of Pin
bar candlesticks pattern low. After trigger trade, they place a stop loss
below of Pin bar candlesticks pattern.
 Aggressive, Conservative traders place to take profit level near swing high
or 1: 2 more risk-reward ratio as per their choice.

 

Doji Candlesticks Pattern

 

Doji Candlesticks Pattern Entry-Exit Strategy with confluence:

Doji Candlesticks Pattern:

Doji Candlesticks

It’s Formed when opening and closing prices are virtually
the same. Also, the lengths of shadows can vary.

 Image point number – 1, Price is completely uptrend where we saw
one after one higher high and higher low. We plot the channel for easy

understand. Price reaches channel upper level. It’s time to wait for
the candlestick’s pattern.

 Image point number – 2, Price is completely uptrend where we saw
one after one higher high and higher low. We plot the channel for easy
understand. Price reaches channel upper level. For better
confirmation, we plot the resistance line. Yeah, the price reaches a resistance line. Its
time to wait for the candlestick’s pattern.

 Image point number- 3, Wow, Doji candlesticks pattern create on
channel upper line and resistance line or zone. So double confluence
create which gives us better confirmation and confidence for trigger
trade here.

 

Entry, Stop Loss, and Exit of Doji Candlesticks & Confluence:

 Aggressive traders put SELL STOP orders when they close the Doji bar candlesticks
pattern. After trigger trader, they place a stop loss above of Doji bar
candlesticks pattern.
 Conservative trader put SELL STOP order two to five pips above of Doji
bar candlesticks pattern low. After trigger trade, they place a stop loss
above of Doji bar candlesticks pattern.
 Aggressive, Conservative traders place to take profit level near swing low
or 1: 2 more risk-reward ratio as per their choice.

 

Inside Bar Candlesticks Pattern

 

Inside Bar Candlesticks Pattern Entry-Exit Strategy with
confluence:

Inside Bar Candlesticks Pattern:

Inside Bar Candlesticks

It’s consists of an unusually large black body followed by a
small white body (contained within the large black body). And
it’s considered as a bullish pattern when preceded by a
downtrend.
Identify Inside Bar & Confluence:

 Image point number – 1, Price is completely sideways. We got the second
reversal point from where the price bounce. Let’s draw a resistance line. Its
waits and observe time when the price comes back to the resistance line or zone.
Yeah, price back to the resistance zone. Now it’s time to wait for the candlestick’s
pattern.

 

 Image point number- 2, Wow, Inside Bar candlesticks pattern create
on resistance area. So confluence creates which gives us better
confirmation and confidence for trigger trade here.

Entry, Stop Loss, and Exit of Inside Bar & Confluence:

 Aggressive traders put SELL STOP orders when closing Inside Bar
candlesticks. After trigger trader, they place a stop loss above of Inside Bar
candlesticks.
 Conservative trader put SELL STOP order two to five pips below of
Inside Bar candlesticks high. After trigger trader, they place a stop loss
above of Inside Bar candlesticks or support line/zone.
 Aggressive, Conservative traders place to take profit level near swing low
or 1: 2 more risk-reward ratio as per their choice.

Inside Bar Candlesticks Pattern

 

Inside Bar Candlesticks Pattern Entry-Exit Strategy with
confluence:

Inside Bar Candlesticks Pattern:

Inside Bar Candlesticks

It’s consists of an unusually large white body followed by a
small black body (contained within the large white body). And
it’s considered as a bearish pattern when preceded by an
uptrend.

 Image point number – 1, Price is completely downtrend. Let’s draw t.
It’s the end line. Successfully trend line breakout by strong bullish
candlesticks. Its waits and observe the time when the price comes back to the trend
line for re-test.
Yeah, the price comes back to the trend line for re-test. Now it’s time to wait
for the candlesticks pattern.

 Image point number- 2, Wow, Inside Bar candlesticks pattern create
on re-test area. So confluence creates which gives us better confirmation
and confidence for trigger trade here.

Entry, Stop Loss, and Exit of Inside Bar & Confluence:

 Aggressive traders put BUY STOP orders when closing Inside Bar
candlesticks. After trigger trader, they place a stop loss below of Inside
Bar candlesticks.
 Conservative trader put BUY STOP order two to five pips above of Inside
Bar candlesticks high. After trigger trader, they place a stop loss below of
Inside Bar candlesticks or support line/zone.
 Aggressive, Conservative traders place to take profit level near swing high
or 1: 2 more risk-reward ratio as per their choice.

 

 



 

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