Accurate Trading Using Candle Character

Candlestick is a type of chart shaped like a candle that is used in technical analysis to determine the lowest, highest, opening and closing prices for a certain period or time.

Judging from its history, in the past commodity traders in Japan used candles to record market prices. Then utilize this data to be able to make predictions about price movements in the future.

Forex candlesticks individually will form candle formations, such as Hanging Man, Hammer, shooting star, and other candle formations. For this forex candlestick chart, it will form various price patterns such as triangles, people, and also head and shoulder patterns.

Unlike the basic price action chart in terms of trading, this forex candlestick becomes a simple and clearer chart, so it doesn't require special calculations and directly shows whether the price is increasing or decreasing. Plus the introduction of price charts marked with color, which will make it easier for traders when reading charts.

A forex candlestick will consist of a body that has a white or black color, and also a shadow (shadow) above and below which is also commonly referred to as a wick. For the shadow section or also the lower shadow, this will indicate the high or low of a price during 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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