Friday, January 18, 2013

Japanese Candle Patterns - Morning and Evening Star Candle Pattern

Forex Traders rely on candle patterns. But the candle patterns that most rely upon are interpreted based on equity markets. Forex is a 24 hour six day weekly market and thus candle patterns have subtle but important differences. This brief article explains how to identify and interpret a morning or evening star candle pattern. It can be fairly reliable reversal candle pattern. It can indicate the start of the reversal may be imminent with the current trend. The trend we refer is the time frame we'd be watching the pattern developing on. Ken Mann offers a professional trader's insights as to the importance of not only identification but historical location of the pattern.

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