ACADEMY
Marubozu Candlestick in Forex Trading
Basic Forex Education (12)
Chart Formation Patterns (13)
Fibonacci (4)
Understanding Candlesticks (13)
Lesson 3
Marubozu Candlestick in Forex Trading
Welcome to Lesson 3 of the Candlestick Series by PROP365 Academy. In this lesson, we dive into one of the clearest candlestick signals in trading — the Marubozu pattern. You’ll learn how to identify it, interpret its meaning, and use it to spot momentum and potential reversals in the forex market.
The Marubozu candlestick is the exact opposite of the doji. While the doji shows indecision, the Marubozu reflects strong conviction about price direction.
There are two types:
- Bullish Marubozu
- The price opens at the session’s low
- The price closes at the session’s high
- This shows that buyers were in full control from start to finish
- Bearish Marubozu
- The price opens at the session’s high
- The price closes at the session’s low
- This indicates seller dominance all session long
These candlesticks are powerful indicators of momentum and can often signal the start or continuation of a strong trend.
Read MORE