1IDATA
TRADER
CANDLESTICK
PATTERNS
GUIDE il
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High Winrate Candlestick Pattert
L1
Shrinking Candles Engulfing Pinbar
:\ar Continuation 3 Bar Reversal Breakout 1IDATA
TRADER
1IDATA
TRADER - -
Pattern #1 Shrinking Candles
Bullish Bearish
ZI big green candle l
3 consecutive closes above the body
red candles, each of second red candle
body getting smaller
TRADER Shrinking Candles Example
take profit at
1.5x-2x
L i l
i stoploss
Buy at green
-!T+-*F candle’s close
Stoploss at low of
third candle
1IDATA
TRADER
Pattern #2 Engulfing Candle
Bullish Bearish
| big green candle closes
above previous red candle
TRADER Engulfing Candle Example
Stoploss at high of
red candle
short atred
candle’s close
take profit at
1.5x-2x
stoploss
1IDATA
TRADER Pattern #3 Pinbar Candle
Bullish Bearish
long wick above + small body
long wick below + small body |nd|cates selling pressure.
indicates buying pressure.
TRADER Pinbar Candle Example
=\
o T o
i
wl FI I ;
K '
] Buy at NEXT green candle’s
close after the bullish pinbar
Stoploss at low
of pinbar
= s
1IDATA
TRADER
Pattern #4 3 Bar Continuation
Bullish Bearish
[ large green candle l
small red
candle
medium to large
green candle
TRADER 3 Bar Continuation Example
take profit at
1.5x-2x
stoploss
$-‘T.F
Buy at third green candle
Stoploss at low of
second red candle
1IDATA
TRADER
Pattern #5 3 Bar Reversal
Bullish Bearish
medium sized red candleI\
+ small red candle large green candle
that closes above
. the first red candle
1IDATA
TRADER 3 Bar Reversal Example
take profit at
4¢— 1.5x-2x
stoploss
Buy at third green candle
Stoploss atlow of
second red candle
1IDATA
TRADER
Pattern #6 Breakout Pattern
Bullish Bearish
o at least 3 candles 1 large red candle
with small body
* and small wick
(could be any color)
1IDATA
TRADER Breakout Pattern Example
multiple candles with
small wick and small body
Stoploss at red
+‘!++IIT*F+-Til candle’s open
Short atred
candle’s close
II+’TI
|
take profit at ‘—
1.5x-2x
stoploss
1IDATA
TRADER
Important Tip:
Chart patterns shouldn’'t be used on their own. Don’t
go all in on a trade just because you saw a bullish
engulfing pattern form in the middle of a chart
Instead, look for setups where these candlestick
patterns form near key levels. This way, they act as
confirmation, adding strength to your entry decision.
1IDATA
raper 35 Bar Reversal + Support Level
Bullish 3-bar reversal pattern
forming at support level
Support level: shown by two
previous price bounces
moee
1IDATA
Exclusive Strategy #1
combining candlestick patterns with Fibonacci Retracements
In this strategy, we combine
candlestick patterns with
Fibonacci retracement levels for
high-probability entries. Apply
Fibonacci from the swing low to
swing high (white arrows). The
price pulls back to the 61.8%
Fibonacci zone, where a Bullish
Pinbar forms, followed by a green
candle. Enter BUY at the close of
the green candle after the Pin Bar.
1IDATA
TRADER
Exclusive
Strategy #2
Inside this guide, I've mainly shown
examples of candlestick patterns forming
reversals at key levels. However, you can
also use them for breakouts. In this
example, a bearish 3-bar continuation
pattern forms after the price breaks a
support level, signaling a possible
continuation of the downward trend.
moe Exclusive Strategy #3
Double Candlestick Patterns
A setup to keep an eye on is
Bearish pinbar
double candlestick patterns, Bearish 3 bar
where two candlestick patterns reversal
combine into a single setup.
This type of setup offers a
better chance of the pattern
playing out. In this chart, we see
a bearish 3-bar reversal pattern,
where the small candle also
happens to be a bearish pinbar.
1IDATA
TRADER
How to Increase a price below
100 EMA
Pattern’s Winrate
A simple way to significantly boost the win Bearish
engulfing
pattern
rate of a chart pattern is to trade in the
same direction as the long-term trend. To
do this, apply the 100 EMA Indicator to
your chart. If the price is above the 100
EMA, only trade bullish patterns. If the
price is below the 100 EMA, only trade
bearish patterns.
1IDATA
TRADER
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