Forex Price Action Basics – Candlestick Analysis

Candlestick Analysis

Forex Price Action Basics – Candlestick Analysis- There are many candlestick patterns but only a few are actually worth knowing. Remember that these patterns are only useful when you understand what is happening in each pattern.They must be combined with other forms of technical analysis to really be useful. For example, when you see one of these patterns on the daily chart, move down to the hourly chart. Does the hourly chart agree with your expectations on the daily chart? If so, then the odds of a reversal increase.