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we are clay candle in differen time frame of course candlestick will also be different. so here goes, if candle stick in each time frame do you customize open close in each time frame.
so that needs to be studied is seeking candle patterns in advance, usually the pattern last appeared on a larger time frame such as H1, H4 or dailly.
Once the can patterns and trend line major, then down to the smaller time frame such as M5/M15 to seek opportunity in market in accordance with the direction of the trend of higher time frame, with so we always follow the trend instead of trading against the trend
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A candlestick chart is a style of bar-chart used primarily to describe price movements of a security, derivative, or currency over time.A price chart that displays the high, low, open, and close for a security each day over a specified period of time.
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candlestick is an indicator that shows how the price action of the market behaves in a certain period, the shape of the open, high, low and close, they are known as candles Japanse and created by Japanese rice traders. Candlesticks are the most important indicator for traders price action.
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It was founded by Japanese Rice Trader " Homma Munehisha".. If I am not mistaking.. He was known as the maker of Candle Sticks.. Its just an advanced version of Bar Charts.. where you can see the High, Low, Open and Closing price in any given time of any particular materials.. Its far more graphical and easy to understand than any other chart out there..
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see actually candle sticks help us to analyse market very well . it tells us within a specific time period what happened with a specific currency pair ..what was high price , low price , resistance , support everything candlestick charts tell us .. I consider it the best method to analyze the market..
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candle stick bahott hijaruri cheez h ess se market ke movment ka pata chalta h es se pata chalta h ki market uper jayega ya niche ye din bhar movment bhi batata h ki kitna lover raha aur kitana highest raha pahle ye japan se start hua ab pure world me famus hua
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yes i know , I completely agree that the use candle sticks in trading we've got a pair on the market psychology, especially the candle on H1 as marobozu and doji that have meaning..
good job learnt it is important :respect:
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candlestick very good chart and we can know the direction and all thing if we learn every thing about the pattern of the candle because the candle pattern have some candle show us if the direction down or will be up and show us if the market balance or not
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It is a form of Japanese candles, should know him because he is in most cases deceptive and must know every form indicates God so that we can easily achieve profit
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Candlestick charting is an ancient Japanese method that has proven its accuracy to centuries to have now. although it has been used for so long, but its popularity to has now become a part of popular technical analysis used by many traders.
