Last Updated on: 16th February 2021, 02:48 pm
The candlestick chart is the most popular chart used in Forex. It is a nicer, more graphical version of the bar chart. Built of candle-shaped sticks. Green (or white) candles indicate uptrends and red (or black) candles represent downtrends. Each candle shows the open, close, high, and low prices for the specific time frame.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.