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Introduction to Candlesticks (Australia Session)
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Candlestick charts are possibly the oldest type of charts used for price prediction. Candlestick patterns are a form of technical analysis and charting used in the forex market, stock market and all other markets. They can be used in all time frames, from those looking for long-term outlook, or for Intraday trading. Since the 17th century, the Japanese have been using this unique style of technical analysis to analyse rice prices.
Munehisa Homma was a rice merchant from Sakata, Japan who traded in the Dojima Rice market in Osaka during the Tokugawa Shogunate. He is sometimes considered to be the father of the candlestick chart.
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 Candlesticks are very descriptive, they can provide us earlier signals/turning points in the market price/trend.
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 to use Candlesticks in your trading.
Munehisa Homma was a rice merchant from Sakata, Japan who traded in the Dojima Rice market in Osaka during the Tokugawa Shogunate. He is sometimes considered to be the father of the candlestick chart.
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 Candlesticks are very descriptive, they can provide us earlier signals/turning points in the market price/trend.
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 to use Candlesticks in your trading.