You completed ‘em all mate! Like an absolute LEGEND that you are. But legend doesn’t mean robot and we completely understand that it is near impossible to memorize all Japanese candlestick patterns within a couple of days.
So first, let’s take a quick recap of all the Japanese candlesticks patterns we have learned so far in the previous lessons. Remember, these Japanese candlesticks are used by many technical traders and can really help you analyze an asset’s price in the foreign exchange market
As we mentioned, memorizing these different patterns can be a challenging task. After all, many of these candlestick patterns have two identical candlesticks but they signal the exact opposite. And, while in most cases, candlestick patterns mainly indicate a trend reversal, you need to remember that many of these patterns could also be interpreted as continuation patterns.
Nonetheless, that’s why, as always, Learn How To Trade Academy’s got your back! In this beginner’s guide, we have prepared a Japanese candlestick cheat sheet that will help you to easily identify what kind of candlestick pattern you are looking for whenever you are trading in the foreign exchange markets.
Ok, so as we promised, here’s our Japanese candlestick cheat sheet that you can use whenever you start trading currencies. As you can see below, this cheat sheet page will help you remember and identify the different patterns we mentioned throughout this Japanese Candlestick Chart Pattern course. We have also organized the cheat sheet so it would be easier for you to get a better visualization of everything you need to know in order to master technical analysis and candlestick patterns techniques on a price chart.
First, on the left side of our cheat sheet, we explain the basics of a candlestick pattern – the meaning of green candle and red candle, and the candle’s body. This will help you determine the market sentiment and know if the asset you are trading is in a bullish momentum or in a bear market.
In the main body of the cheat sheet, we organized it so you can quickly view bullish candlestick patterns and bearish candlestick patterns. For the bullish candlestick patterns – a hammer bullish engulfing candlestick pattern, bullish Marabozu candlestick pattern, Tweezer bottom candlestick pattern, and morning Star bullish candlestick pattern. For the bearish candlestick patterns – shooting star candlestick pattern, bearish engulfing candlestick pattern, bearish Marabozu candlestick pattern, Tweezer top candlestick pattern, and evening star candlestick pattern.
What’s more? At the bottom of the cheat sheet, you can see all the triple bullish patterns we have mentioned in this course – Triple Inside Up candlestick pattern, and Three White Soldiers candlestick pattern. In the same section, you can get an overview of triple bearish patterns – Three Inside Down candlestick pattern, and Three Black Crows candlestick pattern.
Finally, in our Japanese candlestick Cheat Sheet, you can also get an overview of the strength of candlesticks (long body candlestick pattern, short body candlestick patterns, and neutral candlestick pattern). Also, you can use the 5 indecision Japanese candlestick patterns that include a spinning top bullish candle and bearish candle, and a Doji candlestick pattern.
There ya go!
Go ahead and bookmark this page… No need to be shy! Feel free to share it with your mates, colleagues, siblings, your dog – anyone that you think will make use of these technical analysis candlestick patterns. Ultimately, this cheat sheet will help identify a candlestick pattern, especially at the beginning of your currency trading journey.
Or if you’re like me and prefer to have things on paper, you can click to download the print version here. Many technical traders, like myself, usually print useful information and stick it to the computer screen. This way, you can use this Japanese candlestick cheat sheet all the time and identify a candlestick pattern by taking a quick look at our cheat sheet.
Good luck with your currency trading, and remember, practice makes perfect! In no time you will be spotting candlestick patterns in your sleep!