#BTC

Forex candlesticks

They are a type of price chart used in foreign exchange (forex) trading to show the movement of currency prices over a specific time period. Each candlestick represents four key price points for a given time frame (like 1 minute, 1 hour, or 1 day):

📊 Candlestick Components:

1. Open – The price at the start of the time period.

2. Close – The price at the end of the time period.

3. High – The highest price during that period.

4. Low – The lowest price during that period.

🕯️ Candlestick Structure:

Each candlestick has two main parts:

Part Description

Body.....the thick middle section. It shows the range between the open and close prices.

Wick/Shadow ........ The thin lines above and below the body. They show the high and low prices.

Green (or white) candle: Price went up (Close > Open)

Red (or black) candle: Price went down (Close < Open)

📌 Why Traders Use Candlesticks:

Easy to read and interpret quickly.

Show market sentiment (bullish or bearish).

Help identify trading patterns like reversals or continuations.

🔍 Common Candlestick Patterns:

Pattern Meaning

Doji .....Market. indecision; potential reversal.

Hammer.......Bullish reversal at bottom of a downtrend.

Shooting Star ........ Bearish reversal at top of an uptrend.

Engulfing....... Strong reversal signal (bullish or bearish).