The easiest way to identify and use Marubozu Candlestick Pattern on Pocket Option

If you really want to achieve big results in the field of trading, Identifying the candlestick pattern can surely be a game-changer in making informed decisions. One such pattern that stands out for its simplicity and effectiveness is the Marubozu Candlestick Pattern. In this article, we will dive into What is Marubozu Candlestick Pattern and how you can use this candlestick pattern to enhance your trading outcomes.

What is the Marubozu Candlestick Pattern?

The Marubozu Candlestick Pattern is a significant candlestick pattern used by traders to predict an upcoming trend or reversals. This pattern is characterized by a long body with almost zero shadow indicating a strong market sentiment in one direction. There are two types of Marubozu Candlestick Patterns.

White Marubozu: The White Marubozu candlestick pattern indicates a strong buying pressure or an upcoming bullish trend or reversal.

Black Marubozu: The Black Marubozu candlestick pattern indicates a strong selling pressure or an upcoming bearish trend or reversal.

Features of  Marubozu Candlestick Pattern

  > No minimal shadow: The Marubozu Candlestick Pattern represents a strong utmost bullish or bearish domination so you won’t see any significant shadow.

>Long body: The Marubozu Candlestick Pattern is all about bullish or bearish dominance. The appearance of a long green body represents strong buying pressure and vice versa the appearance of a long red body represents strong selling pressure.

>Continuation of trend or reversal: The appearance of the Marubozu Candlestick Pattern signals either the continuation or reversal of a trend. For Instance, When a red pattern appears after a big downtrend it signals a continuation of a trend and vice versa, When a red pattern appears after an uptrend it potentially signals a reversal in trend.

How to trade Marubozu candlestick pattern

Given above is the chart of AUD/USD and we can clearly see a Marubozu candle after a good uptrend and similarly, later as we can see a good uptrend. so, It signals a continuation of a trend and you can use this opportunity to place a buy trade.

Similarly, given above we can see a bearish Marubozu following a bearish candle it signals a continuation of a bearish trend and here we can use this opportunity to sell trade or continue with your previous trades.