What are candlesticks?
Candlestick charts convey information pertaining to price action, or the movement of a currency pair’s price over the specified amount of time. Each candlestick contains four attributes:
· the opening price of the currency pair at the time the candle opened
· the closing price · the high of the time frame
· the low of the time frame
On a daily chart, each candle represents a 24 hour period; on an hourly chart each candle represents an hour, and so on. A visual analysis of a candlestick is as follows:
· the opening price of the currency pair at the time the candle opened
· the closing price · the high of the time frame
· the low of the time frame
On a daily chart, each candle represents a 24 hour period; on an hourly chart each candle represents an hour, and so on. A visual analysis of a candlestick is as follows:
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