News trading strategy is among the most intriguing in all financial markets, from crypto to Forex. Often, traders with small banks suppose that they can use the news to get profit, but they forget that big players receive news much earlier, and the price of an asset is already taken into account on the chart when the information is first published. That's why you must be selective in the information and understand how to trade news in Forex.
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In this article, we will discuss the rule of 5 candles and reversal patterns. This rule can be useful for both novice traders and experienced bulls or bears. So if you didn't hear about it earlier, keep reading the post.
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.
Earlier in our blog, we talked about the structure of Japanese candlesticks and the main candlestick patterns. Unfortunately, learning a few patterns might not be enough for a high-quality technical analysis. To understand and correctly predict further market behavior, you need to figure out how to analyze the Japanese candlesticks. Let's get down to it.
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