Forex : Japanese Candlesticks Shapes

We now explain candlesticks shapes that you can see on currency chart that trade,and you'll know the meaning of that candle and why is formed and what the candle tell us from the expectation of next movement of market


Remember : When past candle closed and new candle moves up and down on the chart it will be one of below

: Doji Candlesticks Group

Doji Candlestick is a candle hasn't color and hasn't red or green color , it's seem like a cross -
Candlestick without body or has very small body -
The Tall of the highest and lowest shadows of the candlesticks are different according market -
Open price equals close price or near from it -
Dojie Candlestick doesn't expect anything but if this candlestick appeared the technical trader link it -
with previous trend candlesticks to determine his expectations of next movement of market 

Doji Candlesticks

? How To Use Doji Candlesticks in Technical Analysis 

Doji Candlesticks Group tell us the Supply and demand begin equal or convergence and the -
expectation is possibility changing the previous trend

Please remember: Doji Candlestick it's not enough to change the trend and the Dojie candlestick alone doesn't expect anything so we must link it with the previous trend


: Candlesticks With Small Bodies Shapes


: Candlesticks With Big Bodies Shapes



: Blending Candlesticks


: Blending Candlesticks are formed from

One candlestick with previous Candlesticks or previous trend -
Blending of candlesticks With each other with linking with previous trend and through linking-
the open price of the first candlestick with close price of next candlestick , and linking of the lowest price of the first candlestick with the lowest price of second candlestick

No comments:

Post a Comment

Archive