Candle Patterns Magnet Zones and More

Before we get started, here’s the usual disclaimer. Nothing I say is financial advice. If you’re going to trade anything, demo test it first. If you choose to trade live, that’s entirely your decision.

I’m already trading live using magnet zones, and they work for me. That’s my method. But I also want to start incorporating one-candle, two-candle, and three-candle patterns that I’ve identified. The problem is, I don’t have the motivation to actively spot them because what I’m already doing with magnet zones works. That’s why I’m creating this thread.

To be clear, I’m not doing this out of goodwill. There’s no free cheese unless it’s in a mousetrap. It’s not free. You’re paying for it with your engagement by asking questions, sharing results, and contributing with feedback or comments. I’ll keep posting as long as it’s mutually beneficial.

I also use AI to make my responses more efficient. Not always, but sometimes for longer responses. If that bothers you, don’t participate.

Final note, no cyberbullies. If you’re a bully, expect me to either smoke-check you before putting you on ignore or just ignore you without a response. There’s no place here for useless toxicity, snide remarks, or any other poisonous nonsense.

The majority of posts will be on identifying candle patterns since that’s the main purpose of this thread. I’ll cover magnet zones and other topics over time, but the main goal is to identify and solidify candle patterns. I’ll start by going through the charts and pointing out candle patterns.

I created a table for those who want to follow along, so they know when to check the timeframes they want to trade or analyze for upcoming examples.

Right now, it’s about 05:30 broker server time, so we’ll be looking at the 06:00 timeframes like H6, H3, H2, and H1 for candle patterns. Nothing is final until the candle actually closes, but we can check the setup now and look to trade around 05:55 or 06:00 to be sure.

I have one single-candle pattern and several two-candle and three-candle patterns. I’ll note each pattern along with the timeframe.

One-Candle Pattern GBPAUD H6

One-Candle Pattern GBPSGD H6

Two-Candle Pattern AUDUSD H3

Two-Candle Pattern EURCHF H3

I posted these a little early, with about 10 minutes left before the current H6 and H3 candles close. Like I said, you can’t be sure until the candle closes, but price often moves in the expected direction pretty quickly. That’s why I usually start placing trades around 10 minutes before it closes.

The higher timeframes like W1 and D1 are best since they have the potential to give bigger moves. I really like MT4 and use it daily, but if you want more standard timeframes, you can download an MT5 demo. MT5 has standard timeframes that MT4 doesn’t have, like H2, H3, H6, H8, and H12.

Trading more doesn’t mean making more profit. It’s just more practice. A solid pattern on a higher timeframe like W1 can give and keep giving hand over fist for an entire week.

Here are the templates with colors that make it easier to spot candle patterns.

I know this EURUSD D1 isn’t an upcoming example, and some might call it cherry picked, but it’s the only two-candle D1 pattern I got to test today before creating the thread. Since it’s a daily candle, there should still be some movement left if you want to interactive trade forward test it.

It’s about 07:30, so we’re looking for patterns on the H8, H4, H2, and H1 candles. I’m mainly focusing on the higher timeframes like H8 and H4, and maybe H2 if it’s a textbook setup. The GBPCAD H8 still has 30 minutes before it closes, but it’s currently shaping up well for a one-candle pattern.

For the GBPCAD H8, looking at H1, it would be ideal to get a proper pullback to the first checkmark or even the second. There’s still about 20 minutes left before this candle closes, so we’ll see how it plays out.

Thank you so much for starting this thread

For the GBPCAD H8, it gave us the proper pullback on H1, so now we’ll see how it plays out.

very interesting thread

what about GOLD

I made profit from this post