What is a candlestick? in forex trading, candlestick is just one type of graph that is widely used by traders in analyzing the next price movement because it shows the condition of the price more clear and more detail.
We return to the first analysis, the function of the analysis either technically or fundamentally is to determine whether the price will rise or fall, and whether it will move in the same direction or reverse direction.
Based on the type of purpose, this analysis is divided into 2, namely:
- Analysis to determine the trend that will happen
ie analyzing the movement of price graphs to estimate the shape of the graph that will occur. (the target is a series of canclesticks)
- Analysis to determine the type of candlestik that will be formed
ie predicting 1 candlestick only the next will be formed, whether candle bullish or candle bearish. (targeted is 1 candlestick only) But this targeted candle has the same length (point value) with a trend.
Both analyzes determine the trend and determine the candlestick that if both are successful then the profit earned can be just as big. Because it could be 1 fruit candlestick on TF 4 hours that pointnya distance equal to a trend in TF 5 minutes. So just choose which one is easier, determine the graph pattern or 1 candlestick.
In terms of determining what trends will occur, the role of candlestick is just as a signal entry / entry point, so traders get the best price. Here are some examples of incoming signals or entry points or dots to start doing forex transactions shown by candlestick:
I. Entry Point Trend Rise
The ascending trend can be detected by the emergence of a bullish long-term bullish candle after the graph forms a rising low.
And this is the result
II. Entry Point Trend down
The downtrend can be detected by the appearance of a long-forward continuous bearing candle after the high-decoded low graph
And this is the result
![hasil-prediksi-trend-turun.jpg]
(
)
Good intro to candle-sticks, @viviw. Thanks. Some of your content looks the same as an earlier post on Steemit. Are you the same person?
Upvoted by the growing TIMM trail and resteemed. Soon you'll be able to post these articles on TIMM, a new Steem based interface designed especially for traders, investors and analysts, complete with tools to help you monetize your expertise. Check out our recent announcement.
every single post by me it will be come from my experience my mind when i read some books, the problem just about image of that. thanks @timm
Good to hear! Keep up the good work.
seriously if steemit has 'like' button, i will double on your attention.
i wish me luck :)
Here's our new Discord channel invite, so you can join us there.