How to Read Trading Candlesticks! πŸ₯ΈπŸ“Š

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Finance

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Candlesticks reveal price action and help traders make better decisions. Here’s how to decode them:

1️⃣ Candle Anatomy:

Body: Shows the open and close price.
Wicks (Shadows): Represent the high and low price.
Colors: Green (bullish) = price closed higher; Red (bearish) = price closed lower.
2️⃣ Key Patterns:

Doji: Indicates indecision.
Hammer: Bullish reversal signal.
Engulfing: Strong trend reversal.
3️⃣ Timeframes:
Analyze candlesticks on 1-minute to daily charts depending on your strategy.

Mastering candlestick patterns is essential for spotting trends, reversals, and continuation setups. Start practicing today! πŸš€

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#CandlestickCharts #DayTrading #ForexBasics #TradingTips

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