Ive analysed 21 different futures and forex markets, over 100 stocks and Ive made thousands of historical trades to see which patterns produce the most profitable results. Usdjpy, US Dollar. A red real body suggests sell pressure and the market is bearish.
Forex candlestick analysis the technicality involved.
This form of chart variant has been in use for almost 300 years.
Candlestick charts were first used by the Japanese to observe price variation.
Whether its in a particular stock, a currency pair, or a commodity, once you know how to read candlestick charts you can very quickly gauge strength or weakness in the market of your choice. In order for distinguished service Munehisa was awarded the title of samurai and received the right to be emperor adviser. All the best of luck with your own trading and learning. Steve Nison, in one of his books about the topic, explains: A fascinating attribute to candle charts is that the names of the candlestick patterns are a colorful mechanism describing the emotional health of the market at the time these patterns are formed. The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteForex. In this article we look at this kind of analysis. Do your research about all the patterns involved and start investing soon.
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