How to Read a Candlestick Chart | Forex Factory

  • How to Read a Candlestick Chart

    From dailyfx.com

    A candlestick chart is simply a chart composed of individual candles, which traders use to understand price action. Candlestick price action involves pinpointing where the price opened for a period, where the price closed for a period, as well as the price highs and lows for a specific period. Price action can give traders of all financial markets clues to trend and reversals. For example, groups of candlesticks can form patterns which occur throughout forex charts that could indicate reversals or continuation of trends. Candlesticks can also form individual formations which could indicate buy or sell entries in the ... (full story)

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Hurst
Sep 3, 2021 8:38am
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Complete and utter rubbish, candle stick mean nothing, depending on your broker and their time offset, each candle will be different. Maybe on a daily chart in context at the end of a trend a candle stick may indicate weakness, but they are not the way to trade articles like this fill traders heads with unprofitable rubbish. Dailyfx are the masters at peddling garbage.
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