How are Doji candlestick patterns formed?ĭojis are formed when the price of a currency pair opens and closes at virtually the same level within the timeframe of the chart on which the Doji occurs. In this article we explain how Doji patterns are formed and how to identify five of the most powerful and commonly traded types of Doji: Doji candlesticks are popular and widely used in trading as they are one of the easier candles to identify and their wicks provide excellent guidelines regarding where a trader can place their stop. Types of Doji: The Patterns All Traders Should KnowĪ Doji candlestick signals market indecision and the potential for a change in direction.
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