Candle Anatomy and Meaning
Being able to gauge the strength of a support/resistance level is a basic necessity for successfully predicting price movements. Candlestick Forex analysis can be a powerful tool if used correctly.
This lesson shows how a trader can view certain support and resistance indicators or signals with an understanding of why the price is likely to move in a certain direction. Patterns on a candlestick chart will indicate specific price levels at which a currency pair should be sold or bought.