Forex candlestick patterns provides inputs emotions of market participants. It let us understand whether market sentiment is bullish or bearish. We can also see candlestick at specific turning points especially when you are trying to decipher complex price movement in fractals or waves.
Understanding Basic Forex Candlestick Patterns (Part 1)
Gauge strength of price movement with length of candlestick
Length of candlestick can tell you how strong each participant is. A candlestick with long body has strong bulls/bears involvement. A candlestick with short body suggests that market is consolidating and waiting for some conclusive price movement subsequently.
“Live” actions and reviews from our students directly from our social media accounts. We don’t tweet winning trades only. We tweet losing trades as well. It’s just that we have more winners. Follow @terraseeds in twitter for live trades and forex ideas.