Easy Candle Reading Tips

Many names and terms are used by traders when identifying candlestick patterns. Candlestick patterns are part of technical analysis in stock trading, forex, and other commodity trading. There are several variations of this pattern and it helps traders read price predictions for a certain period.

This method reflects the impact of trader sentiment on prices. This analysis is usually done to determine the right time to enter and exit a trade. This method must be understood by traders because it is one of the smart strategies in investing/trading. However, it should be noted that the analysis with this pattern belongs to the directional category.

That is, this analysis also relies on the trader's subjective intuition in understanding various patterns. This method can produce consistent profits if it is accompanied by the experience and flying hours of the trader. Here are tips for reading candles easily:

    1. Read the comparison of buyers and sellers

    2. See context in broad

    3. Candlestick formations can be different for each broker

Watch the full video and details below!

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