Browsing the archives for the Forex Candelstick Charts category
Let me tell you how you can use candlesticks
to precisely calculate
support and resistance. This piece of information can help you
make decision about if you should enter/exit any trade.
As you must be aware, when currency pair approaches any prominent
support or resistance level, its natural tendency is to reverse.
But on a significant occaisions the price tries to [...]
There Are Two Components Of A Forex Candle Stick
1. Body and
2. The Wick (the thread like part of a candle).
Body is the difference between the opening price and the closing
price of the candle.
The wick on the other hand represents how high and how much low
did the candle move around in that duration.
While most of the [...]
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