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Saturday, July 17, 2021

Candle Basics

Candle Basics

In forex you have two candles.

You have Bullish and Bearish candles.

Bullish candles are candles that show price movement upward.

Bearish candles are candles that show price movement downward.

Every candle has an Open, High, Low, and Close.

The meat and bones of the candle is consist of the candles "body"

You will also see many candles have wicks at each end.
This shows the highest point or lowest point that candle has
traveled to.

You can pick the colors you want to represent bullish or bearish candles.

For me I stick to white for bullish and black for bearish .

Candles do differ in size and wicks and can represent certain patterns.

from TradingView Ideas
via gqrds

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