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3 Mar 2021 06:57:31 UTC
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Understanding Candlesticks in Forex Trading | Candlesticks explained.
Understanding Candlesticks in Forex Trading | Candlesticks explained.
I was watching a video and the guy was referring to it as candlesticks.
I didn't know what candlesticks were and I couldn't understand a single thing he said.
Understanding candlesticks is the first step you need to take toward your journey of technical analysis.

00:00 - Intro
00:41 - What is a Candlestick in Forex
01:08 - Parts of Candlesticks
01:22 - Opening and closing price of the Candlesticks
01:45 - OHLC Section on Forex Chart
02:10 - What is a Wick in a Candlestick
03:01 - Types of Candlesticks
03:17 - What is a Bullish Candlestick
03:26 - What is a Bearish Candlestick
03:35 - Candlestick Timeframes
04:13 - Candlestick with small body
04:22 - Candlestick with big body
05:03 - candlestick with small body and long wick


Today we are gonna talk about candlesticks. I will explain forex trading strategies using candlesticks Do you have any idea about candlesticks? What is the opening and closing price of the candlesticks, different parts of candlesticks, OHLC sectional, what is a wick in a candlestick? what is a candlestick in forex, small body candlestick, how to use candlesticks in forex trading?
Candlesticks are basic price bars that represent the movement of the price of a currency.
The Candlesticks allow the trader to know at what price the currency opens during the trading session.
There are different parts of candlesticks. The candlesticks consist of two important things.
The body and the wick.

The body tells us about the opening and closing price of the candle.
Like here in this example, you can see this candle started from here that is 1776.881, and ended at 1815.137.

Now, to the top, you have your OHLC section on the forex chart. Which means open, high, low, and close.
That is the opening price, the high, the low, and the closing price of the candle.


So, the solid body tells us about the opening and closing price of the candlesticks.

If you are confused about what is a wick in a candlestick then. The Wick is this thin line over the body of the candle and it tells us about the highest and lowest price the candle moves to before completing.

Like here in this example, the lowest price till which the candle moved to is 1775.897 and the highest price is 1817.362.

Well, because there are two different types of candlesticks.
The bullish candlesticks and the bearish candlesticks.

In my chart, the white candles are the bullish candlesticks and the black colored are the bearish candlesticks.

And basically, an all-bullish candlestick patterns candle represents that the price is moving up or the buyers dominated that trading session.
And the all bearish candlestick patterns represent that the price is moving down and sellers dominated that session.

Now, as there
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https://www.youtube.com/watch?v=NzeBQR9JxBI
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