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Forex indicators What are japanese candlesticks in forex charts?
avatar mikeAm
Question by: Michael - 23 Aug 2017, 00:57:43
What are japanese candlesticks in forex charts?
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Answers (1)
avatar user 12868
Answer by: Anthony - 11 Sep 2017, 03:27:19

Reading a japanese candlestick is easy. You just have to identify the candlestick. Know that every candlestick shows the open, close, high, and low price of a trading instrument. The wide part of the candle is the body. Where it begins and ends is the open and close price respectively. The wicks above and below the body is the highest and lowest price respectively. The color of the candlestick, meanwhile, indicates whether it is rising (bullish) or falling (bearish). It could be green and red, white and black, or orange and blue depending on the website. With this simple steps in mind, you’ll be able to read a japanese candlestick at a glance.

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