17/04/ · Forex candlestick patterns offer a real-time glimpse into whether the bulls or bears are taking charge of a market and therefore allows you to make an informed trading decision. When used in conjunction with trends and simple support/resistance levels, forex candlestick patterns become one of the simplest and most powerful analysis tools blogger.com: Fat Finger 07/12/ · It is a bullish reversal candle that signals that the bulls are starting to outweigh the bears. It is characterized by its long wick and small body. A hammer would be used by traders as a long Author: David Bradfield 30/10/ · The close value of the candle is always above the open value of the candle, the gap between the close and open doesn’t matter. Why it is called bull, because the nature of the candle is like bull fighting. A bull always moves it head from DOWN to UP while it is attacking; In the same way BULL CANDLE STARTS FROM DOWN AND MOVES TO blogger.comted Reading Time: 2 mins
Forex Candlesticks: A Complete Guide for Forex Traders
Please follow the link we've just sent you to activate the subscription. Idioma: En English Español. Follow me. Share me. What is a Candlestick, bullish and bearish candles in Forex Trading Tags: candle close bull.
View original. He thought that trader should consider high and low values too along with open and Close values, then he created candlestick in which body and wick of the candle represents high, low, open, close values. He made fortune by introducing candlesticks and their analysis into his trading techniques. Every candlestick has two parts BODY and SHADOW.
The length of the body and shadow were based on OPEN, CLOSE, HIGH and LOW. When the price opens and makes some fluctuations up and down then closes after some period of time, the highest point it reached is high and lowest point it reached in that period is low and the value where it closes is close point.
Candlesticks shows us information about open, close, high and low values of a price in particular time, the time may be 1 min, 5 min, 15min, 30min, what is bull candle in forex, 1 hour, 2hour, 4hour so on See the shape of a candlestick and the terms written.
There are two types of candles one is Bull candle and the other one is bear, what is bull candle in forex, what is bull candle in forex candle in blue color is BULL candle and in red color is BEAR candle. Why it is called bull, because the nature of the candle is like bull fighting.
A bull always moves it head from DOWN to UP while it is attacking In the same way BULL CANDLE STARTS FROM DOWN AND MOVES TO UP. For example see what is bull candle in forex above picture the candle that is in blue color representing bullish candle in which the close point is above the open point FROM LOW TO HIGH. Why it is called bearish, same way the bear use its bottom part to fight.
A bear always fights from TOP to BOTTOM. If we see the above picture the candle that is in red color represents the bear candle in which the close point is below the open point. So bear candle starts from up and moves to down. These candles plays crucial role in forex trading every kind of technical analysis need candlestick values, without candles either it is bull or bear candle there is no chart formation.
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Bullish Engulfing Pattern Tested 100 TIMES so you can master your Candlestick Trading Strategy
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07/12/ · It is a bullish reversal candle that signals that the bulls are starting to outweigh the bears. It is characterized by its long wick and small body. A hammer would be used by traders as a long Author: David Bradfield 17/04/ · Forex candlestick patterns offer a real-time glimpse into whether the bulls or bears are taking charge of a market and therefore allows you to make an informed trading decision. When used in conjunction with trends and simple support/resistance levels, forex candlestick patterns become one of the simplest and most powerful analysis tools blogger.com: Fat Finger 17/12/ · Forex candles, or the candlestick chart, are OHLC charts, which means that each candle shows the open, high, low, and close price of a trading period. This is represented by the following picture. The solid body of a candlestick shows the open and close prices of a trading period, while the upper and lower wicks of the candle represent the high and low prices of that trading blogger.comted Reading Time: 6 mins
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