Introduction to Japanese Candlesticks (Australia Session)

If you are new to trading, you may have heard about how descriptive and effectively Japanese Candlesticks are to trade. Candlestick chart patterns are exceedingly popular in Forex trading because of their dynamic features and resourcefulness. On all charts, users can choose between line, bar, and candlestick chart. However, because the Japanese Candlesticks are incredibly descriptive, they can provide us with earlier signals/turning points in the market price/trend.

There is an extensive selection of financial analysis tools available for traders, but none of them is quite as unique as the Japanese candlestick. Japanese candlestick charting is an alternative to the bar and point & figure, and line analysis. Japanese candlestick charts are possibly the oldest type of charts used for price prediction.

Candlesticks provide unique visual clues and allow traders to comprehend the market sentiment better. Candlesticks also give great emphasis to the relationship between close price and open price. Traders who use candlesticks may identify more quickly different types of price action that tend to predict reversals or continuations in trends. Furthermore, combined with other technical analysis tools, candlestick pattern analysis can be a beneficial way to select entry and exit points.

Japanese Candlestick can be used in all time frames, from those looking for long-term outlook, or for intraday trading.

In this webinar, I shall explain the (basics/intermediate) of Japanese Candlesticks and how dynamic they are.

Rob Clayton
Rob is an Australian FX expert and former Westpac senior analyst with over 28 years’ experience in the markets. Join Rob’s live webinar and find out how you can make use of specific technical analysis tools to help you make better, smarter trading decisions!