Hey hey: what's up my friends, so, let's you know carry on where we move on, but before we get started. I want to do a super quick recap to the topics that you have just learned. So first thing first number one remember market structure. What is it well in essence, right market structure tells you what to do.

If the market is in an uptrend, you will look for buying opportunities. If the market is in a downtrend, you will look for selling opportunities. So so that's what we covered market structure. The first thing, so, let's say market is in an uptrend a series of higher highs and higher lows.

Then this brings us to the second section that we have covered. We talk about area of value and the reason why this is important is because, just because a market is in an uptrend doesn't mean you want to blindly hit the buy button, because the market could be getting ready to make a pullback or reversal. So this is where i introduced to you right: the concept of area of value, to identify areas on your chart where buying pressure could step in to push the price higher. So, in other words, these are areas on your chart where you want to look for buying opportunities.

So in this case let's say it's an uptrend, this could be an area of value right where previous resistance could become support. So this is an area of value. This is where you want to look for buying opportunities to hop on board the trend, and now this brings us to our third section entry trigger. So once you have your market structure, once you have your area of value.

The next question is: when do you enter a trade, so this is what entry trigger is all about. It tells you when exactly to enter a trade when exactly to buy or sell so to do that, right, entry trigger will will learn some simple price patterns right that you can utilize right. That tells you when to enter a trade right after your earlier market conditions. Are met right, namely the market structure and the area of failure.

So let's you know study this more in that, so how do you define an entry trigger? So there are numerous ways, but i'm going to share with you two technique. Number one is what i call candlestick patterns. I didn't call it right. You know this, the people, the traders before me right.

They came up with this uh this concept and then we have the moving average break. So, let's you know, study these two techniques right that you can use to define seo entry trigger. So let me first and foremost explain what candlestick pattern is all about. So candlestick patterns is something that you might be familiar with, because most charting platform offer this.

This type of candlestick charts, so it has four data points: the opening price, the highest price point of the day of the candle, the lowest price point and the closing price. So i'll explain this in more details shortly. So i want you to know is that candlestick patterns can be utilized across different time frames. You can use it on the daily, the forward hourly the weekly time frame and, depending on the time frame that you're using how you can interpret it is that on the one hour time frame right, one candle will be formed every one hour if you're on the Four hour time frame, then one candle will be formed every four words, and likewise, if you're on a daily time frame, one candle will be formed every single day.

You get my point so now. This brings me to this section right. How do you read candlestick patterns? Okay, so remember, there are four data points, i'm going to explain to you step by step. So when you deal with candlestick patterns right, you will likely see one of two type of candles: either a green candle or red candle.

Sometimes it could be a black candle or a white candle. It really, you know, depends on how you set your chart settings for, but for most charts right, it's either green or red, so for green candle. It simply means that the price has closed above the opening opening price. Okay.

So in this case right you can see the green candle this over here will be the opening price this over here will be the closing price. What about this? Two black line over here and here very simple right - the one at the top is the highest price of the candle, and this over here is the lowest price of the candle. Now you might be wondering hey right now. What do you mean by off the candle? So this depends on the time frame that you're using candlestick pattern.

So, let's say, for example, you are on the daily time frame, let's pull it daily, okay. So how do you interpret this on the daily time frame? Very simple? This means this is the highest price point for the day. This over here is the lowest price point for the day, and this o here is the opening price of the day, and this is the closing price of the day. So this only holds true.

If you are, you know, looking at this candlestick pattern on the daily time frame. If you change this to the weekly time frame, then this is the highest price point of the week. This is the low of the weight it's the open of the week, and this is the closing price of the week. You get my point.

Okay. Now, let's have a look at the other inverse the inverse of the green pen pattern, which is actually. This is what we call a bearish pattern. This is where the candle has closed below the opening price.

Okay, so for this one over here, the opening price will be on top open. This is the closing. There's again is the high, and this is the low. So the way to interpret this bearish candle is the same.

The only difference between a bearish and a bullish candle is their opening and closing price for bullish. The open is below and the close is on top right, because the bar right has closed above the opening price. This is bullish right. This is like you know, like a sign of strength where the buyers are in control.

They have pushed the price and close above their opening price, whereas this one is a bearish candle where the sellers are in control, where they actually know close right be below right, where the opening price is so. This is what we call a bearish candle, so this is actually how you read a candlestick pattern and, to sum up what i just said, this diagram will be useful, so you can see over here. This is like a quick summary to what we've just covered. This is the opening price closing price, because this is a bullish candle.

This is the high. This is the low. Likewise, on the opposite end of the spectrum, this is a bearish candle. The opening price is here.

Closing price is here, because this is a bearish candle. This tells you that the bar has closed below the opening price. So that's why the close is below the opening price open is here closes here. This is the low of the candle, and this is the high of the candle.

Actually, the low of the candle is actually here, okay, so another terminology to explain it. Sometimes you might be, you might have heard of things like body wick, so the body refers to the colored segment of the candlestick pattern. So you can see that this colored area from here all the way down to here. This is what we call the the body of the candle, and you see the two black lines sticking out.

We call this the wick or upper shadow. Since this one is uh. The top of the wig, we call it upper shadow or upper wick, the one at the bottom. We call this a lower shadow or lower wick, and that's pretty much.

You know how you read a candlestick pattern so now, moving on, i want to share with you uh some really useful candlestick patterns right to help you time your entry, so you know when exactly to buy or sell. So, let's move on. So if you look at this one over here, let's first talk about the bullish reversal, candlestick patterns right it looks something like uh. There are a few variations to it.

I'll explain to you two that i find useful right in your trading journey. First, one is what we call a hammer, so let me explain to you the story right behind the hammer, so the hammer again is a bullish candle. So you know the opening price is here. Where is the low of the candle it's here? Where is the closing price? It's here? Where is the high of the candle? It's here? Okay, so let's say this is, like you know, a daily time frame candle.

So this is the opening price of the day, closing price of the day high of the day low of the day. So let me explain to you know: what's going on with this hammer pattern, and why is it so significant? So if you think about this right, this actually tells you that you know when the market opened over here the sellers they quickly dive in right and push the price lower all the way down. You know near this lows of the day right and when things are looking doom and gloom right when things are looking so bad right, suddenly the buyers right now they got revived right. You know inject themselves with them, maybe some steroids and push the price all the way up higher.

You know and finally, closing near the highs right of the day. So it's kind of like you know you watch movies right. The good guy get beaten up, get trash and then suddenly you know they think of some some of their loved ones. You know it's hurting them wrong.

You got to gain strength to overcome the battle, and then they win the the battle in the movie, and so it's kind of the same story right where the sellers are in control, pushing down the price and then sellers you know kind of like get strong. You know those cheesy movie lines and they revive, and they you know, beat the bad guys and they're victorious so same as this hammer over here right. So basically, the sellers got overwhelmed by the buyers and the price right closed. Bullishly closed near the highs of the day, so this is a sign of strength telling you that the buyers are in control.

So another pattern right. The bullish engulfing pattern is actually a similar variation to this one. But this one is a one candle pattern: okay, whereas this one here is a two candle pattern, so this one requires two candle to define it as a bullish, engulfing pattern, but the story behind it. It's the same right.

Let me explain so if you look at the bullish and culving pattern, you can see that on the first day price open here and then the sellers took control and closed right near the lows of the day, so the sellers were celebrating right. Hooray, you know, you know we're victorious if you watched avengers endgame right, you know. How is it like right where you know the bad guys they were winning the war, then what happened is that you know uh. You know all the good guys started to assemble right and then push back, and then they win the war.

You know so in this case the same thing right. You know the sellers thought they were winning and then the good guys suddenly come in right, reinforced together. You know avengers assemble and then you know they push the price up higher right and close near the highest of the day and the buyers. You know they pretty much.

You know won this battle between the the war between buyers and sellers, so in this case bullish engulfing pattern similar to the hammer you know sellers were in control at first, then they got overwhelmed by the buyers and you know they pretty much won the war temporarily. So this is what we call a bullish reversal. Candlestick patterns, hammer and bullish engulfing patterns are useful ones to know. So if you, you know, are trading the markets right, you notice, the price is in an uptrend, it's at your area of value like at support and then the hammer forms right.

This tells you right that it's time to enter a trade. So a quick illustration could be something like this. Let's say so. If you look at this right, let's say market is an uptrend comes back to your area of value.

Here, okay, then you got your entry triggered hammer. Okay, what this tells you that now at this point right, the buyers have, you know, win the the tug of war between buyers and sellers temporarily, and this is where you can look to enter your trade on the next candle open. Okay, we'll cover some trading examples. Later on, but this pretty much to let you know where this entry trigger stands right in the grand scheme of things.

So now, let's move on and talk about, bearish reversal candlestick pattern, so there are again two to share with you number one shooting star. So let me illustrate to you the story right behind a shooting star, so you can see over here the price opened at this price point. This is the close. This is the low and this is the high.

So what is the story right behind the shooting star? So when the market first opened right, the buyers right, they were victorious right. They quickly pushed the price up, higher drive the price up near the highs, and you know beating their chess. You know celebrating suddenly right the sellers came into control and pushed the price. All the way down, closing near the lows, so an analogy that i can give you is like you know you go for your you, you got back your exam results and you realize man.

I got an a why you're so excited. I got an a and after which you realize that a is not what you think it means a for absent and you come crashing down again. So it's the same thing for this shooting star, you're, really high. You thought you know you're really happy and then your whole just come crashing down so same for this right, the buyers they took control at the start, only buyers took control at the start only to get overwhelmed by the sellers and the price closed near.

The lows of the day: okay, so likewise there's another one: what we call a bearish engulfing pattern, meaning is similar just that this time round, it uses two candles to represent this uh this this uh so-called story, so i'll explain right so again, here is the opening Price, this is the low. This is the high, and this is the close. So you can see that you know on this day the buyers were in control, they managed to close near the heist of the day. They were really happy, really excited right.

This is good news. Yay. The next day, sellers quickly took control near the opening price at the opening price and drive the price down and close near the lows of the day. So this you can see right this bearish candle right, it's even more powerful than the earlier one.

Why do i say that? Because if you look at the body of this red candle, this body, all right, remember body is simply the colored portion of a candle. This body is even bigger than the previous bullish candle body right this bodies engulf or cover this first candle body. So this is why we call this a bearish engulfing pattern, because this body of this candle has engulfed has covered the body of the previous day's candle. Okay, so let me just walk you through a few chat examples, so you know how to actually spot.

You know: bullish, engulfing pattern, bearish engulfing pattern and stuff like that, so you can see over here on the this chart over here aussie against us dollar. This is what we call a bearish engulfing pattern, see how this body of this candle has engulfed has covered the body of the previous candle. Okay, and if you look over here, this is what we call a hammer look at this candle over here. This is what we call a hammer right.

We can see the long wick at the bottom right rejecting these lower prices. Okay, let's see what else uh. This is what we call a shooting star. I would say this over here notice, this long wick up higher right.

In fact, some of you, if you want to call this a bearish engulfing pattern, i wouldn't say you're wrong, because this candle has actually covered the body of the previous candle as well. So one thing to to note right is that, when you are learning understanding, candlestick patterns don't get too caught up with the name, the exact definition, because the concept is really what matters right: who's, winning the war right by how much right, how much? How much rejection of higher prices are there? How long is the wick relative to the body? This is what matters not really know the exact name and the exact meaning behind it, because if you look at, for example, this this pattern over here, which i didn't cover, let me ask you: do you think this pattern over here? Is it bullish or bearish? Well, if you learn how to read the price action or read the story behind candlestick patterns, you will agree that this is actually a bullish candle. This tells you right at one point: the opening price is here: the sellers drive the price down lower near this low. Then the sellers took control and pushed the price back up near the highs of the day.

So you can see that this is actually a bullish, candlestick pattern and is what we call a dragonfly doji. I didn't. I didn't teach that to you, but you know, using the concept of you, know: open hi, low and close how, where the price open whether the price closed you know who's in control. You should know that you know hey.

This is actually a bullish, candlestick pattern, all right, so let's have a look at the one or two more before we move on. So look at this chart again, you can see you know. This candlestick patterns are pretty much quite common on the chart this one here. We have a bearish engulfing pattern.

This one here looks like a shooting star, but a shooting star. We have the red body a bearish close, but this one here we have a green body, but just because this body is green, you won't say that hey. This is bullish right. No, this is still a bearish candlestick pattern.

A bearish reversal, candlestick pattern. The only difference is the body is a little bit green right telling you that the price is closed slightly above the opening price, but the key thing to pay attention to is this long wick over here right? This tells you that you know the buyers at one point in time were over here and they got overwhelmed by the sellers, pushing the price near right. The lows of the day. Okay, so again, remember the story behind the candlestick pattern and not try to you know, understand or memorize every single pattern out there, because you will get overwhelmed so moving on now.

Let's talk about the second right: entry trigger technique that you can use, which is called the moving average break. You.