E_traderacademy📊

1. *Trend Identification* 📌 *Uptrend:* Characterized by higher highs and higher lows. Indicates a bullish market where prices are generally increasing.

*Market Structure in Forex* Grasping market structure in forex trading is crucial for spotting potential trading opportunities and making well-informed decisions. Here are the main elements of market structure in forex👇👇👇

Recap (26-07-2024).👇

Doji

Bearish candlestick.

A bullish candlestick

You can download Trading view on your system or on your mobile device, this better technical analysis using tools properly.

2. Bearish Engulfing: A pattern where a small bullish candle is followed by a larger bearish candle that completely covers the body of the preceding candle. This signals a potential reversal from an uptrend to a downtrend.

*The Engulfing patterns* 1. Bullish Engulfing: A pattern where a small bearish candle is followed by a larger bullish candle that completely covers the body of the previous candle. This suggests a potential reversal from a downtrend to an uptrend.

The upper shadow must be twice the real body.

3. Shooting Star: A candlestick with a small body and a long upper wick, typically seen at the peak of an uptrend. It indicates a potential reversal in the market. (Typically the opposite of A Hammer).

The lower shadow must be twice the real body before we can call this an “Hammer”

2. Hammer: A candlestick with a small body and a long lower wick, typically appearing at the end of a downtrend. It suggests a possible reversal in the market direction.

We are to identify this, later we talk about how it works and the implementation.

What a typical “Doji candle” looks like.

The basic patterns we will learn in this course. Doji: The opening and closing prices are nearly the same or identical, signaling market indecision. There are various types of Doji patterns, including Gravestone Doji, Dragonfly Doji, and Long-legged Doji.

Let’s review at this point, if you have any observation… (5mins)