TWEEZERS Pattern [Price Action — Forex & Crypto Trading Strategy]

TWEEZERS Pattern [Price Action — Forex & Crypto Trading Strategy] — appears on the chart not so often, but if you notice this model and it is very well formed, then it is often a sign of a trend reversal (at least temporary).

tweezers pattern

These are 2 candlesticks that form the same price formations with the same lows (for buy transactions)

 

or highs (for sell transactions) on the same time interval.

Model appearance:

  • includes at least 2 figures;
  • the candles that participate in the pattern follow each other clearly;
  • each of them exactly repeats the largest or smallest value of the previous one.

We conclude a deal exactly at the closing price of the 2nd candle.

Video examples of transactions:

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