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The Hanging Man Forex

The Hanging Man Forex – The Forex Scalper:
The Hanging Man Forex is a Bearish candlestick pattern at the end of an uptrend. Mostly appears whenever there is a significant sell-off close to the markets high. However, buyers are capable to lift the pairs price up again so it closes nearby the opening level. Mostly a sell-off as seen as a loss of territory for the Bulls. It shows weakness.
As I said before, the Hanging man Forex is Bearish when occurs after an important uptrend. I hear you thinking. This patterns can easily occur after a downtrend as well right? The answer is yes indeed. However, when that happens it’s called a Hammer. Recognized by small red bodies (the small margin between open and close prices) and long lower shadows (the lowest is significantly lower as the open high and close).

The Hanging man has no or almost no upper shadow and a lower shadow at least twice as long as the body of the candle. The lower half of the shadow of the candle will give is the pressure of sel…
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