Back to the basics of technical analysis - reading and understanding Japanese candlesticks. To have a complete idea about the topic, make sure to read our previous article. Today we will take a closer look at the psychology of the market itself. You will learn to understand the general sentiment of traders using candlesticks. This will help make more accurate predictions about future price behavior.
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Some of the best technical analysis signals are based on specific Japanese candlesticks or a combination of them. This is the third article where we talk about such patterns. For the sake of completeness, I'll tell you about a few more useful candlestick combinations.
The best strategy in trading is to buy low and sell high. Sounds easy, but no one can not predict the exact trend reversal point, so today we will talk about reversal candlestick patterns in Forex. These candles show possible lows and highs; candlesticks that form at the bottom are bullish, and those at the top are known as bearish. You already know how to read candlestick charts, so these patterns can bring you a good income if you can read them correctly.
You know that Japanese candlesticks are a must for each trader. This article will help you to read candlesticks in Forex trading, and we also will list the most popular candlestick patterns.
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