📈 Long Green Candle
🖼 Shape: Very long green body, short or no upper/lower shadow.
📊 Trend: Strong buying power, indicating an uptrend or continued breakout.
🎯 Recommendation to enter a trade: Consider buying when the candle closes or wait for a slight pullback; place stop below 50% of the candle's body.
📈 Win rate (estimated backtest): 70%
📉 Long Red Candle
🖼 Shape: Very long red body, short or no upper/lower shadow.
📊 Trend: Selling pressure dominates, indicating a downtrend or a break of the low.
🎯 Recommendation to enter a trade: Consider shorting when the candle closes or wait for a retracement; place stop above 50% of the candle's body.
📈 Win rate (estimated backtest): 67%
🔹 Short Green Candle
🖼 Shape: Short green body, short upper and lower shadows.
📊 Trend: Slight increase, accumulation or rest phase in an uptrend.
🎯 Recommendation to enter a trade: Wait for the price to break the candle's high then buy; stop below the low of the candle.
📈 Win rate (estimated backtest): 56%
🔺 Short Red Candle
🖼 Shape: Short red body, short upper and lower shadows.
📊 Trend: Slight decrease, indicating a corrective signal in a downtrend.
🎯 Recommendation to enter a trade: Sell when the price breaks the candle's low; stop above the candle's high.
📈 Win rate (estimated backtest): 57%
➰ Green Doji
🖼 Shape: Extremely small green body, relatively long upper/lower shadow.
📊 Trend: The market is hesitant; potential reversal depending on context.
🎯 Recommendation to enter a trade: Only enter after the confirmation candle: buy when breaking the high or sell when breaking the low; stop on the opposite side.
📈 Win rate (estimated backtest): 49%
➰ Red Doji
🖼 Shape: Extremely small red body, relatively long upper/lower shadow.
📊 Trend: Similar to Doji, leaning towards bearish if appearing after an uptrend.
🎯 Recommendation to enter a trade: Wait for the next candle to confirm. Sell if the price breaks the low; buy if it breaks the high; stop on the opposite side.
📈 Win rate (estimated backtest): 48%
🌫️ Long-Legged Doji (Green)
🖼 Shape: Very small green body, extremely long upper/lower shadow.
📊 Trend: Strong volatility then balance, indicating a major decision is coming.
🎯 Recommendation to enter a trade: Place a pending order for a two-way breakout outside the high/low; stop at the opposite boundary.
📈 Win rate (estimated backtest): 53%
🌫️ Long-Legged Doji (Red)
🖼 Shape: Very small red body, extremely long upper/lower shadow.
📊 Trend: Similar, but leaning towards bearish if at the trend's peak.
🎯 Recommendation to enter a trade: Bracket strategy: sell when breaking the low or buy when breaking the high depending on context; stop opposite.
📈 Win rate (estimated backtest): 51%
🟢🟥 Bullish Engulfing
🖼 Shape: Small red candle completely engulfed by the following long green candle.
📊 Trend: Strong bullish reversal when appearing at the bottom of a downtrend.
🎯 Recommendation to enter a trade: Buy when the green candle closes or retraces 50%; stop below the low of the green candle.
📈 Win rate (estimated backtest): 72%
🔻🟩 Bearish Engulfing
🖼 Shape: Small green candle engulfed by the next long red candle.
📊 Trend: Strong bearish reversal when appearing at the top of an uptrend.
🎯 Recommendation to enter a trade: Sell/short when the red candle closes or retraces 50%; stop above the red candle's high.
📈 Win rate (estimated backtest): 71%
🔄 Piercing Pattern
🖼 Shape: Long red candle, then a green candle opens with a gap down and closes above 50% of the red body.
📊 Trend: Signal of a bullish reversal in a downtrend.
🎯 Recommendation to enter a trade: Buy when the green candle closes; stop below the low of the green candle or 50% of the red body.
📈 Win rate (estimated backtest): 65%
🌧️ Dark Cloud Cover
🖼 Shape: Long green candle, then a red candle opens with a gap up and closes below 50% of the green body.
📊 Trend: Reversal to bearish in an uptrend.
🎯 Recommendation to enter a trade: Sell/short when the red candle closes; stop above the red candle's high or 50% of the green body's length.
📈 Win rate (estimated backtest): 64%
❓ Should we avoid trading Doji during the Asian session? Please share your experience!
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