Best Candlestick Patterns For Daytrading Forex and Stock Market | [Candlestick Patterns That Work]

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In this video I am going to share 2 candlestick patterns that you can use in your trading.

But, before we start, be sure to subscribe to our channel so that you don’t miss on any of our new videos. With that being said, lets get into today's video.

Candlesticks is a type of price chart that is extremely popular among traders. The reason of this popularity is that candlesticks provide a lot of information in a very simple way.

There are many different ways of differentiating between candles. Candlesticks can be divided into two categories based on their color. Red candles and green candles. Red candles indicate down move in the market. While the green candles indicate an up move in the market.

Similarly, candles can also be differentiated on the basis of body size. Candles with big bodies and small wicks indicate a strong momentum. For instance this candle has a big body and virtually no wicks, this indicates a strong upside momentum.

On the other hand, this candle has a very small body and a relatively large wick. This indicates that the market is getting weak.

Each and every candle conveys a message. The job of the trader is to identify the message and trade accordingly.

This is where candlestick patterns come into the picture. Candlestick patterns are a set of candles that often occur in the live market. These patterns can indicate a strong reversal and provide superb opportunities to trade it.

The important point here is that we will use these patterns in conjunction with support and resistance to identify our trade setups.

Watch the full video to watch the video.
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Видео Best Candlestick Patterns For Daytrading Forex and Stock Market | [Candlestick Patterns That Work] канала Trade Prime