By Spencer Li, CFTe · Last updated: 26 October 2026 To combine candlestick patterns, you blend the candles into one. Take the open of the first candle, the highest high and the lowest low across all of them, and the close of the last candle, then draw a single candle from those four prices. That […]
Price action trading and candlestick patterns are some of the most commonly used concepts in technical analysis. However, misconceptions and half-truths can cause confusion and lead to poor trading decisions. In this blog post, we’ll explore the five best candlestick patterns and provide insights on how to trade them effectively. We’ll also address common issues […]
Japanese candlesticks are a widely used charting technique in technical analysis, offering insights into price action and helping traders predict future price movements. While they are a powerful tool, new traders often make common mistakes when using Japanese candlesticks. Here are some of those mistakes and tips on how to avoid them: 1. Searching for […]
Trading price action through candlestick patterns is one of the most effective methods for identifying market opportunities. Candlesticks visually represent price movements and provide traders with essential data at a glance. Trading strategies based on candlesticks involve identifying high-probability patterns for market entry and managing trades according to pre-established rules that align with your money […]
By Spencer Li, CFTe · Last updated: 16 October 2026 A forex currency strength meter is a tool that ranks the major currencies from strongest to weakest by how each one has moved against all the others over a set window. Most meters do this for the eight majors, across the 28 pairs they form […]