Forex Price Action Basics Course - Part 4

Price Action: Japanese Candlesticks

Japanese candlesticks are used by the majority of price action traders. They may look daunting at first but they are relatively easy to understand.

 

Being able to read Japanese candlesticks can help a Forex trader understand where future price may be. 

Key points

- Japanese candlesticks can be bullish or bearish (green or red)

- Japanese candlesticks consist of a candle body and candle wicks

- The candle body shows the open and close of price

- The candle wicks show the high and low of price