Trying to build a trading method exclusively based on candle signals will lead you to poor results. To interpret the meaning of the candle patterns in their main context is more important than recognizing the patterns themselves. In order to contextualize them properly and to build a trading methodology on that insight, additional resources are needed. This doesn't mean you have to plot 10 indicators on your chart - probably the use of one of them will be enough. Read More
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TOOLS: Candlestick patterns
REPORT: A Crash Course in Candlesticks - Sam Evans
REPORT: Candlesticks and their whole picture - Tomas Decavicius
VIDEO: Understanding The Creation Of Candles In Forex Trading - Sam Seiden
VIDEO: Candlestick Trading Strategies - Alex Ong
Editors’ Picks
AUD/USD extends decline toward 0.6500 after RBA Bullock's presser
AUD/USD is extending losses toward 0.6500 in early Europe on Tuesday. The Aussie Dollar remains offered after the RBA held policy rate. Markets digest the less hawkish policy statement while Governor Bullock's words add to the Aussie's downside.
USD/JPY recaptures 150.00 and beyond, BoJ's Ueda in focus
USD/JPY extends gains beyond 150.00, as the Japanese Yen stays vulnerable amid a classic 'sell the fact' trading on the hawkish BoJ decision. The BoJ lifted the interest rate to 0% for the first time since 2007 and abandoned the YCC framework. Ueda's presser awaited.
Gold price hangs near one-week low, looks to Fed decision on Wednesday for fresh impetus
Gold price struggles to capitalize on the previous day's bounce from the $2,145 region and oscillates in a range during the Asian session on Tuesday. Hawkish Fed expectations, elevated US bond yields and a bullish USD cap the upside.
Why is the crypto market crashing?
The two most important contribution to the ongoing bull market is the meteoric rise in Bitcoin due to the ETF approval and the sudden interest spike in Solana ecosystem. But the recent move suggests that the upward momentum is dissipating and a correction looms.
Lots of tension ahead of this week's Fed decision
Last week, we got a strong round of US economic data accompanied by hotter US inflation reads. The takeaway of course is that there might be a lot more pressure on the Fed to be looking to scale back its rate cut outlook at this week’s meeting.
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