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Hammer
Staff

Member Since Jul 31, 2009  1359 posts Ethan (Staff) Oct 06 2014 at 06:46
Discuss the Hammer pattern here.

Dbetrayed1

Member Since Jan 08, 2015  2 posts John E (Dbetrayed1) Jan 12 2015 at 15:59
A hammer is a very significant candle, I see it as an entry signal depending on the trend of the pair in question (only for uptrend though), if on the daily chart the trend is up, I always fancy entering a trade after a hammer on the daily, my stop will usually go underneath the hammer. I understand every trader is different and I'm happy to read anyone's view on this.

take profit
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