Forex Long Lower Shadow Candlestick Chart Pattern

To enter a profitable Forex long lower shadow trade, you need to know how to read a candlestick chart. Normally, prices move in an uptrend. A long lower shadow candlestick is formed at the end of a bullish trend. You will need to wait for a confirmation of the trend reversal before you enter a trade. The long lower shadow pattern can appear on any chart. To trade with this pattern, you should first understand the trend and identify the right time.

A long lower shadow is an indication that sellers pushed prices lower, but buyers were able to withstand this selling pressure. But, you should wait for more bullish confirmation before you can buy a hammer. It is best to buy a hammer when the shadow is two or three times bigger than the real body. The real body should be at the upper end of the trading range. It doesn't matter what color the shadow is, as long as it is longer than the shadow.

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