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
EUR/USD climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold rebounds to $2,320 as US yields turn south
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.
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