GoldenEngine

Bullish Candlestick's Patterns You Must Know

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FX:EURUSD   Euro / U.S. Dollar
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combined
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Bullish Exhaustion Bar

➕A bullish exhaustion bar
----------
opens with a gap down. Then, it works its
way up to close near its top

In This case, the gap remains unfilled.
In addition, high volume
should occur with the exhaustion bar.

What does it mean?

Its name explains it all.
It represents exhaustion and a failed
lastditch attempt.
After the bears are exhausted,
the bulls will takeover and the market
will rise.
After the bulls are exhausted,
the bears will take the market down.
How do we trade it?
1. Buy above a bullish exhaustion bar

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➕Bullish Pin Bar
-----
It looks like the nose of Pinocchio.
It has a long and obvious tail.
For bullish pin bars,
the lower tail take up most of the bar. For
bearish pin bars,
it is the upper tail that dominates.

What does it mean?
Paraphrasing Martin Pring,


the pin bar lies like Pinocchio.
With its long tail,
a pin bar breaks a support
or resistance momentarily to trick traders
into entering the wrong direction. These
traders are trapped,
and there is always money to be made when
you find trapped traders.

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➕Bullish Reversal Bar
---------
A bullish reversal bar
------
pattern goes below the low
of the previousbar before closing
higher.

What does it mean?
For the bullish pattern,
the market found support below
the low of the previous bar.
Not only that,
the support was strong enough topush the bar
to close higher than the previous bar.
This is the first
sign of a possible bullish reversal.

How do we trade it?
1. Buy above the bullish reversal bar
in a uptrend

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➕ Bullish Two-Bar Reversal
-----------

The two-bar reversal pattern
-------------
is made up of two strong bars closing
in opposite direction.
The bullish variant consists of
a strong bearish bar followed by a
bullish bar. Reverse the order to get its
bearish counterpart.
-------------
What does it mean?
Every reversal pattern works
on the same premise.
A clear rejection
of a down thrust is a bullish reversal,
and a clear rejection of an up
thrust is a bearish reversal.
In this case, the first bar represents the first thrust,
and the second
bar represents its rejection.

How do we trade it?
1. For bullish reversals,
buy above the highest point of the twobar pattern

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➕ Key Reversal Bar
-------
A key reversal bar
---------
is a specific instance
of a reversal bar that shows
clearer signs of a reversal.
A bullish key reversal bar opens
below the low of the previous bar
and closes above its high.

By definition, key reversal bars
open with a price gap. As price gaps
within intraday time-frames
are rare, most key reversal bars are
found in the daily and above time
frames.

How do we trade it?
-----------
1. Buy above a bullish key
reversal bar (If uncertain, wait for
price to close above it before buying.)

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➕Bullish 3 Bar's Reversal
------
In sequence, the three bars of
the bullish pattern are:
-----------
1. A bearish bar
2. A bar has a lower high and lower low
3. A bullish bar with a higher
low and closes above the high of
the second bar

What does it mean?
--------------
A three-bar reversal pattern shows a turning point.
Compared to
the other reversal patterns,
the three-bar reversal pattern is the most
10 Price Action Bar Patterns You Must Know
conservative one as it extends over three bars,
using the third bar
to confirm that the market has changed its direction.

How do we trade it?
1. Buy above the last bar of the bullish pattern


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