How To Trade Using Candlestick

I believed candlestick patterns were of great importance in successful and consistent trading and offer a further level of odds enhancement to a trade, only if used in the correct manner. Like anything else, candlestick patterns will provide some powerful clues to what is going on in the market, but only if used in conjunction with another reliable strategy, as well.

There are many different candlestick patterns which form over and over again in the market. In my opinion, we should just pay attention to high reliable reversal patterns only. But its all depend on your trading style also. Candlestick is very good as a reversal trigger on support and resistance level.

Well, here is my fovourite candlestick patters which i use to trade everyday:

Bullish Reversal
1. Shooting Star
2. Bullish Engulfing
3. Bullish Abandoned Baby
4. Piercing Line
5. Morning Star

Bearish Reversal
1. Hammer
2. Bearish Engulfing
3. Bearish Abandoned Baby
4. Dark Cloud Cover
5. Evening Star

Below is some example how to use the candlestick pattern with Support and Resistance level. It's so easy.. :)