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    Daily Archives 07.05.2020

    How to Trade the Bullish Hammer Candlestick Pattern

    07.05.2020 Forex education  No comments

    hammer candlestick pattern

    This candle pattern is characterized by a small real body and long lower shadows, creating a shape of an inverted hammer. The real body should be at the top of the candlestick trading range. This real body can be bullish or bearish, but preferably bullish. The hammer candlestick is one of the most widely followed candlestick formations. This in and of itself makes it worth paying attention to.

    What is a hammer candlestick?

    A hammer candlestick is a technical trading pattern that resembles a “T” whereby the price trend of a security will fall below its opening price, illustrating a lon...

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