FXP Stock Trading

Bullish and Bearish Rejection Patterns

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The Bullish and Bearish Rejection patterns are reversal patterns and occur in conjunction with support and resistance lines. When the currency pair attempts to breach the support or resistance line and fails it has been reeected at that level and reverses.

Bearish Reeecti on Bullish Reeection

Ress stance Line m

There are many more combinations of Candlestick patterns. We have only selected a few that work well for us and limited the number to keep things smpe.

Following this section are a number of charts which show the candlestick patterns in their different forms.

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Support Line

Bearish Engulfing

Bearish Engulfing jft

Shooting Star

— Bearish Engulfing

Bearish Rejection

Tweezer Bottom

— Bearish Engulf ng

Shooting Star

Morning Dooi Bullish Engulfng Morning Sar Sar

Candlesticks - Fig 1

Bullish Reeection

Bullish

Engulfn

6.5 6.5 6.6 6.5 6.5 6.16 5.11 6.11 5.1? 6.13 5.13 6.15 5.17 6.17

6.15 6.16 5.70 6.23 5.75 6.74 5.75 6.75 5.76 6.77 5.77 6.30 7.1 7.1 7.2 7,5

Created '..ill iJ .T- hi I.- 7 2062 '.'1. -:" l.r. - hi . Corp

Shooting Star /

Bearish

Engulfng

Candlesticks - Fig 2

12:00 15:00 14:00 IE¡00 1&:00 17:00 18:00 19:00 20:00 21:00 22:00 23:0(

9:00 10:00 11:00 12:00 13:00 14:00 15:00 16:00 17:0(

Created with MeteTradei-, © 2002 MetaQuotes Sotware Corp.

Candlesticks - Fig 3

Tweezer Top

Tweezer Bottom

Evening Stars

Tweezer Bottom

7,22 7.22 722 722 7.22 7.23 721 721 7.23 7.21 721 724 724 7.24 724 724 724 725 725 725 725 725 725 7.28 7.28 7.20 7.28 7.28 7.28 721 729 729 7.21 721 721 7.30 7.30 7.30 7.30

Created with'Mela Trader; © 2082 MetaQuotes Software

EURUSD.H1 1.1223 1.1227:tj213-0224

Shooting Star with a dooi candle

Bullish Engulfing - against the trend - small move

Candlesticks - Kg 4

6.20 6.20 6.20 6.23 6.23 6.23 6.23 6.23 6.23 6.24 6.24 6.24 6.24 6.24 6,24 6,25 6,25 6,25 6,25 6,25 6,25 6,26 6,26 6,26 6,26 6,26 6,26 6.27 6.27 6.27 6.27 6.27 6.27 6.30 6.3(

Created with MetaTrader, © 2002 MetaQuotes Sofware Corp,

Candlesticks - Fig 5

Evening Star

Tweezer Tops with equal body tops

Bullish Rejection

Engulfing of a Doji and Tweezer Bottom with equal wicks

5,16 5.1-3 5.19 5.13 5,13 5,19 5.19 5.20 5.20 5,20 5 J. 5.26 5.20 5,21 5,21 5,21 5.21 5.21 5,21 5,22 5.22 5.22 5.22 5,22 5,22 5.23 5.23 5.23 5,23 5,23 5.23 5.25 5,25 5,26 5.26 5.25 5.25 5,27 5,27

Created with MetaTrader. © 2002 ["1st _

Created with M 'l 11 ■ „■> [a 2002 H, I ,, ., ,„, -,,!'.,, ■ Corp

/\n ngnis reserved wonawiac

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