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Forex Candlestick Chart Patterns are widely regarded as more reliable than most western indicators because for Candlestick practitioners, they are always getting information from the current price action rather than a lagging indicator.

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On the chart, each candlestick includes an open, high, low and close price for the time frame. The trader sets the time frame of each candle.For example, to see the high, low, open and close price over a five-minute period, a trader would set the time frame of the candlestick chart to 5 minutes.

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The Common Forex Candlestick Patterns

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How to analyse candlestick chart- 1 minute candlestick

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6/17/2018 · Forex Candlestick Chart Pattern – Belt Hold On the contrary, Belt-Hold bullish pattern appears in downtrend and is a potential downward trend reversal pattern. It consists of a single candlestick which is also open level is located or near the low level and close level is …