Breakaway Bullish and Bearish Candle Formation

This is a very nice text book example of Break Away Candle formation. if you check NZD/USD pair on Weekly time frame, you will see these three example of Break Away happened over and over again.

Break Away, Bullish consist of three almost the same size candles. First is Bullish then is Bearish and followed by another Bullish on the bottom of Bearish trend.

Break Away, Bearish is exactly the opposite. It happens on the pick of an Up Trend starting with a Bearish candle followed by a Bullish and then a Bearish Candle. They are almost the same size which it will result in impulsively Bearish move.

This is an effective Candle Formation.