Tweezer Candlestick Patterns

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Tweezer Candlestick Patterns

Sixty Sixth session of Forex Training

Welcome back to Forex professional training in financial markets.

In this session Tweezer Candlestick Patterns will be studied.

Tweezer Top

When two Shooting Star patterns form on an upward trend, this pattern is called Tweezer Top.

The ideal condition for this pattern occurs when two Bearish Shooting Stars form.

Trader can place a Sell order with entry price lower than the second Shooting Star candle with SL over High price.

TP price equals length of the second candle in pips, lower than the entry price.

Tweezer Candlestick Patterns - Two Hammer Candles on Reversal Spot of Bullish and Bearish Trend

Tweezer Bottom

When two Hammer patterns form on a downward trend, this pattern is called Tweezer Bottom.

The ideal condition for this pattern occurs when two Bullish Hammers form.

Trader can place a Buy order with entry price Higher than the second Hammer candle with SL below Low price.

TP price equals length of the second candle in pips, higher than the entry price.

On MT4 platform, there was a downtrend in which a Tweezer candle has formed with TP price 90 pips higher than entry price.

SL price could be lower than Tweezer pattern. This example shows a complete form of a Tweezer Bottom pattern.

After a downward trend, a Tweezer Bottom has formed that includes two same candlesticks, Bearish and Bullish format.

Tweezer Candlestick Patterns - Stop Loss, Take Profit, Entry and Exit Prices - Tweezer Top and Bottom Foramt

Trader could place a Buy order with TP price 17 pips over the entry price. Market trend has moved 30 pips higher than the entry price.

Just after that trend, another Tweezer Top has formed. A Bullish Shooting star formed just after a Bearish Shooting Star.

Trader could place a Sell order with TP price 22 pips lower than the entry price.

Trend proceeded towards the bottom more than TP price. So a Tweezer Bottom on a downward trend had formed before Tweezer Top.

This pattern generates sound and reliable signals, however, it forms rarely on a market trend.

That concludes this session, until next time and another session take care.

Linkages & Notices

You can also view the video of this session available on the PFOREX Financial Video tutorials.

You can also find the video of this session on PFOREX YouTube Channel.

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The PDF file of this session is also available.


PFOREX Educational materials in text and video formats are developed by PFOREX Department of Education to enhance and improve investors’ knowledge and trading skills. Due to high risks and volatile fluctuations in financial markets, traders and investors must develop their trading skills and knowledge. It is strongly recommended to apply Risk and Capital Management when trading in financial market.

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