How to Read Market Using Candle Comparison

One way to look for profit opportunities in forex trading is to detect price trends or market forces. The strength of the buyer-seller that determines the direction of the market, in principle, is measured based on the money involved in the buy and sell transactions. Indicators that can relatively reflect the map of buyer-seller strength are candlesticks. However, candlesticks can sometimes contain bias. Therefore, it is better for traders to be able to read the buyer-seller strength map from other data. The data referred to here is actually ordinary data, and is widely presented by forex brokers, but is largely ignored by traders. Many traders just skip this important data, because they are more concerned with mature signals that just follow the recommendations for entry, stop loss, and take profit. Here's an easy way to see the strength of a trend:

High Low

One way to predict future highs and lows is to look at price trends that have already occurred, or what is commonly called a trend. A down trend means that the high and low tendencies will get lower, while an uptrend means that the high and low tendencies will get higher.

In addition, this high and low will be influenced by time (time frame). The daily high or low will certainly be smaller than the weekly high or low. The higher the time frame, the higher the high and low.

SNR and Range Limits

SNR (Support and Resistance) are the limits that can be used by traders to make entries. When the SNR itself is broken, the potential to continue will be greater, on the contrary, when the SNR is unable to be broken, the market will reverse. Support is at the bottom, the lower area is marked by a strong contraction or a long downward contraction, which means a strong seller who has scored a price. While the resistance is above, which is where the highest price ever printed.

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