Long Legged Doji Candlestick
This lesson introduces the Long Legged Doji candlestick pattern, how to identify it, and how to use it in forex trading. Suitable for beginners.
Mark · Trader & Founder, Social Forex
Definition of Long Legged Doji
The Long Legged Doji is a special Japanese candlestick pattern. It occurs when the open and close prices are nearly equal, but both the upper and lower shadows are very long. This indicates market indecision: neither buyers nor sellers have the upper hand.
Shape and Identification
How to Trade with Long Legged Doji
Real Example
Imagine the price is rising strongly, then suddenly a Long Legged Doji appears. The next day, a long bearish candle forms. That is a sell signal. Conversely, if the market is falling, a Long Legged Doji appears, followed by a strong bullish candle – that is a buy signal.
Common Mistakes
Always combine the Long Legged Doji with other tools such as trend lines, support/resistance to increase reliability.
Content is for reference only, not investment advice. Forex trading carries high risk.
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