Candlestick patterns come in many forms and they have the power to turn market direction. They are usually made up of two or three candlesticks but always require confirmations if they are to be used in a trade. Candlestick patterns allow us to get into a trade early but this can only be achieved if the correct analysis is utilised. Never simply rely on the candlesticks themselves because they can provide a fake picture of the current market situation. Below is a list of candlestick patterns you are required to know, so ensure that you watch all the Forex training videos.
The British Pound and the Euro are bracing for fireworks as EU leaders gather for a summit that is due to focus on Brexit and may also address recent jitters in Italy.
Crude oil and gold prices may fall as the US Dollar gains and market sentiment sours after minutes from September’s FOMC meeting cross the wires.
China’s economy is expected to keep slowing in the third quarter and this may carry consequences down the road for Australian Dollar prices, the S&P 500 index and emerging markets.