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Forex Candlestick Reversal Patterns - http://www.ForexCandlestickMagic.com There are a lot of reversal patterns based on candlestick. Some are more accurate than the others. In this video I have covered three of the most accurate reversal patterns for forex trading. I have covered how to use these candlestick patterns, mistakes to avoid and other important Information. The First candlestick pattern that I have covered is called Morning and evening star. These are some of the most common patterns. Morning star occurs when market is moving down, while Evening star happens when currency pair is going up. In ideal occurence, these patterns consist of three candlesticks - One in the direction the currency pair is going,the other is like a doji or harami or spinning top. The 3rd candle is a reversal candle and it basically closes atleast 50% above the range of the previous two candles. The other forex candlestick pattern is called Rising and Falling Three Method. It is a unique name. This forex candlestick reversal pattern is also very accurate. This is not a pattern that can be precisely called a reversal pattern. In this pattern, a large candle is succeeded by three small reversal candlesticks. Important point is that these 3 small candles are within the body of previous candle indicating that market is trying to move in the opposite direction. However, these three candlesticks are followed by another large candle in opposite direction. This candlestick indicates that the currency pair is going to continue moving in the previous direction. By the way, if you want to take a look at candlesticks based forex charts, please go to - http://www.DailyFx.com The 3rd reversal candlestick pattern covered in this video is called Bullish and bearish Engulfing patterns. These consist of only 2 candles. One in the direction forex currency pair is moving in, the other is reversal candle. According to me, Engulfing patterns occur once currency pair reaches a prominent support or resistance level. These patterns are also very accurate. Lastly, I have covered some important points that traders should take care of such as news based candlesticks should not be considered, using reversal patterns in conjunction with other trading indicators etc. So go ahead and watch this video about Forex Reversal candlestick patterns - https://www.youtube.com/watch?v=xl4AHD6FmDM