17 Money Making Candle Formations — a Forex book that describes 17 most
recognized Japanese candlesticks patterns in Forex charts. Japanese
candlesticks are one of the oldest and fundamental ways of representing
the trading data on all sort of charting software. Japanese
candlesticks are made two parts — body and shadow. Body is the
difference between the open and close prices. The rising candle’s body
and the falling candle’s body are of the different colors. The
candlestick can have two shadows — one is the difference between open
and high values for the period (open and low for the rising candle) and
the other one is the difference between close and low values for the
period (close and high for the rising candle). Various combinations
of candles’ body and shadow sizes can be considered as the strong
indicators of the current market situation and are widely used
by professional Forex traders. This Forex book will show you some
of the most interesting candlestick formations and will teach you how
to use them on Forex market.
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