4HOUR PROFIT PROOF TRADE TREND IS YOURS
Candlestick charts are one of the most popular ways to predict price movements. These are mainly used to depict price change of currencies over time. 4hour Profit Proof forex Candlestick trading provides a fair and clear-cut overview of open, low, high and close market prices of currency pairs. With all their dynamic features, a candlestick chart points out the direction of a trend and the potency of a specific price movement (whether open, low, high or close) during a particular time period.Candlestick charts are also known for providing earlier signals for reversal of trends and are handy for use with other technical indicators.Candlestick charts are based on the same type of data as used by bar graphs and the data is represented in figures that represent candles with wicks on both sides.
The candles represent the opening and closing of trades, whereas the wicks (also called shadows)represent the highest and lowest traded values of a particular currency pair.Longer wick represents extended trading beyond the opening/closing price.
If you see a candlestick chart, you would find certain patterns over a time period, and these patterns signify certain trends.The white candle represents an uppish trend and increase in the price of a currency against the other currency for a particular pair, whereas the black candle represents a down trendi.e.
decreasing price of the currency against the other currency for the pair.A longer white candle shows a significant increase of price whereas a longer black candle represents a decrease in price of the currency. The longer the white candle, the more significant is the increase in the price of the currency, whereas a longer black candle indicates a significant bearish trend. In a similar fashion, when the upper wick is shorter than the lower wick, it shows a bullish trend and rising price and increase in the confidence of investors in the currency against the other currency for a particular pair. Round the corner, when the upper wick is longer than the lower wick,it shows the bearish trend and decrease in the price and investors confidence in a currency.
The candle patterns without wick shows persistent bullish or bearish trends for white and black candles respectively.These candles are known as Marubozu,and white Marubozu indicates dominant bullish trend that is expected to continue further, whereas the black Marubozu indicates dominant bearish trend that is expected to continue further. Another remarkable pattern in a candlestick chart is doji,which is a neutral pattern and is often associated with trend reversals. Doji is a neutral pattern and bears meaning when associated with other forms of candlestick patterns. The shape of dragonfly doji is similar to that of the letter T, whereas the gravestone doji is similar to that of the inverted T shape. Other than these remarkable patterns, there are various other such types such as inverted hammer, hammer, spinning top (white), spinning top (black), handing man, shaven bottom, shaven head, shooting star and many other complex patterns.
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4hour profit proof trade-Trend is yoursCandlestick charts may be overwhelming for a newbie forex trader,and you may find it a bit confusing at the very first go; 4hour Profit Proof Trade is there to help you at such a juncture with clear cut signals and trading indicators to help you decide your next move for profit. 4hour Profit Proof automatically identifies the key bullish or bearish Forex candlestick reversal patterns for you and helps you to plan strategically for your next profitable deal.
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