THE BEST WAY TOO USE CANDLESTICK PATTERNS

CANDLESTICK PATTERN is one of the common weapons used by forex traders To make sure they dismantle the dealer ,It refers To they appearance of the candle relating The size of the real body and length of shadow also known as WICK

THE BIGGEST MiSTAKE Most traders do is the misuse of the patterns and inability To know which Timeframe To execute trades using candlestick patterns

It is not true that Candlestick patterns are accurate 100% This depends on how your use them in your trade

THE BEST WAY TO USE CANDLESTICK PATTERNS

- It is not accurate To use Candlestick pattern as the only strategy To determine direction of the market (buy or sell)

- CS patterns work the best when combined with other strategies to determine the direction of the market

- Trading candlestick patterns as the only strategy can work best in daily timeframe or weekly  Because accuracy increases with the Time frame

Examples :
Hammer
Doji
Marubozu
Inverted hammer
Shaven
Piercing
Evening star
Etc