Easy Trading With Candle Characters Only

Forex candlesticks are part of a technical analysis when trading, be it forex trading, stocks, gold, or other commodities. Forex candlestick formations or price patterns are used by traders as entry and exit points in the market. It can also be said, this forex candlestick is used as part of a technical analysis to analyze the current market.

Individual forex candlesticks will form candle formations, such as Hangin Man, Hammer, Shooting Star, and other candle formations. For forex candlestick charts this will form various price patterns such as triangles, wedges, and also head and shoulders patterns.

In contrast to the basic price action chart in terms of trading, this forex candlestick becomes a simple and clearer chart, so it does not require special calculations and immediately shows whether the price is increasing or decreasing. Plus the introduction of price charts that are marked with color, which will make it easier for traders when reading the charts.

A forex candlestick will consist of a body that has a white or black color, as well as a shadow (shadow) above and below which is also known as the axis. For the upper shadow or the lower shadow, this will indicate the high or low of a price at the appropriate time period. For the top and bottom of the body of this candle will indicate a price when the trader can open or close.

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