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How to Read Japanese
Candlesticks
When you open a trading
platform, you can see charts for
different currency pairs.
The charts may be represented
in 3 form...
Japanese candlesticks are one of the most popular
methods of the technical analysis. Combinations of
Japanese candlesticks...
How are Сandlesticks
Formed?
Japanese candlesticks reflect
the price change of a trading
instrument over a certain period.
For example, if we consider ...
Japanese candlestick consists of four indicators.
● Open – the price formed in the beginning of the
trading period;
● Low ...
Lower shadow
High
Open
Close
Low
Upper shadow
Lower shadow
Upper shadow
High
Open
Close
Low
A candlestick is a filled or a hollow body with upper and
lower shadows. The filled candlestick is considered to be
“beari...
Japanese Candlesticks
Interpretation
There are various types of Japanese candlesticks on Forex. We can analyze
the bodies and shadows size of candlesticks and ...
Hammer is the reversal signal. It has a small
body located at the top of the price range, a
long lower shadow, the upper s...
A hanging man is a bearish pattern that
forms at the end of an uptrend. If you see
this signal, most likely, the trend is
...
Shooting Star pattern looks like reversed
Hanging Man. It has a small body and a long
upper shadow, and it is formed at th...
The inverted hammer occurs mainly at
the bottom of downtrends and may be a
warning of a potential reversal upward.
The pat...
Doji is a candlestick which open and close prices are equal. Doji represents indecision
in the market. Doji is a common pa...
Marubozu is a candlestick without shadows.
There are bearish and bullish Marubozus.
These candlesticks indicate that buyer...
Engulfing is a two-candlestick pattern.
It consists of two candles of different colors.
The body of the second candle engu...
Japanese candlestick chart is the
most-often used chart, as candlesticks
display four important indicators at once.
It’s q...
Thank you for
watching
the presentation!
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How to read japanese candlesticks

Japanese candlesticks are one of the most popular methods of the technical analysis. In this presentation, JustForex will teach you how to read Japanese candlesticks and trade according to it.

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How to read japanese candlesticks

  1. 1. How to Read Japanese Candlesticks
  2. 2. When you open a trading platform, you can see charts for different currency pairs. The charts may be represented in 3 forms: line, bar chart and candlesticks.
  3. 3. Japanese candlesticks are one of the most popular methods of the technical analysis. Combinations of Japanese candlesticks help to recognize the current trend and determine entry points to open long and short positions as well as identify possible reversals in the market.
  4. 4. How are Сandlesticks Formed?
  5. 5. Japanese candlesticks reflect the price change of a trading instrument over a certain period. For example, if we consider the H1 chart, each candle on it reflects fluctuations during one hour.
  6. 6. Japanese candlestick consists of four indicators. ● Open – the price formed in the beginning of the trading period; ● Low – the lowest price of the trading period; ● Close – the price formed at the end of the trading period; ● High – the highest price of the trading period.
  7. 7. Lower shadow High Open Close Low Upper shadow Lower shadow Upper shadow High Open Close Low
  8. 8. A candlestick is a filled or a hollow body with upper and lower shadows. The filled candlestick is considered to be “bearish”, the hollow one – “bullish”. If quotes increase, we see hollow candlesticks. If quotes fall, they are filled. Bearish Bullish
  9. 9. Japanese Candlesticks Interpretation
  10. 10. There are various types of Japanese candlesticks on Forex. We can analyze the bodies and shadows size of candlesticks and predict the possible future behavior of the price. Let's consider the main types and its interpretation.
  11. 11. Hammer is the reversal signal. It has a small body located at the top of the price range, a long lower shadow, the upper shadow is practically absent. Hammer is formed on a downward trend and predicts further growth. So if you see “hammer” on the chart the trend will slow and change its direction. Hammer (Pin-bar)
  12. 12. A hanging man is a bearish pattern that forms at the end of an uptrend. If you see this signal, most likely, the trend is reversing and will go down. However, it’s better to wait until the next candle is formed. Hanging Man
  13. 13. Shooting Star pattern looks like reversed Hanging Man. It has a small body and a long upper shadow, and it is formed at the resistance level. Shooting star means that the buyers raised the price, but the sellers managed to overcome them. Shooting Star
  14. 14. The inverted hammer occurs mainly at the bottom of downtrends and may be a warning of a potential reversal upward. The pattern means that the number of sellers decreases, and buyers – increases. Inverted Hammer
  15. 15. Doji is a candlestick which open and close prices are equal. Doji represents indecision in the market. Doji is a common pattern during flat (when there is no trend). If the Doji forms in an uptrend or downtrend, you should pay attention to it, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend. Doji has various types depending on the length of the shadows: Doji Long-legged Doji Dragonfly Doji Gravestone Doji Four price Doji
  16. 16. Marubozu is a candlestick without shadows. There are bearish and bullish Marubozus. These candlesticks indicate that buyers/sellers dominate in the market and the trend will continue. The filled Marubozu tells about the downtrend and implies the bearish continuation or the bearish reversal, the hollow one indicates the uptrend and tells about the bullish continuation or the bullish reversal. Marubozu
  17. 17. Engulfing is a two-candlestick pattern. It consists of two candles of different colors. The body of the second candle engulfs the body of the first one. There is a bullish and a bearish engulfing. A bearish Engulfing pattern may provide an indication of a future bearish trend. A bullish Engulfing may be a warning of beginning ob bullish trend. Engulfing Bearish Bullish
  18. 18. Japanese candlestick chart is the most-often used chart, as candlesticks display four important indicators at once. It’s quite easy to understand and, nevertheless, it’s very useful. That’s why the majority of traders prefer it.
  19. 19. Thank you for watching the presentation!

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Japanese candlesticks are one of the most popular methods of the technical analysis. In this presentation, JustForex will teach you how to read Japanese candlesticks and trade according to it.

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