E_traderacademy📊

2. Wicks (Shadows): The lines extending above and below the body indicate the highest and lowest prices during the period. The upper wick represents the highest price, while the lower wick shows the lowest price for that period.

📌N.B: White= Green (to indicate Bullish candle). Black= Red (to indicate Bearish candle). You don’t need to get confuse of the colours we will be using in here.

Japanese candlestick charting was developed in the 18th century by Munehisa Homma, a Japanese rice trader. Homma’s techniques for tracking rice prices were later adapted and popularized in modern financial markets.

Japanese candlestick patterns are a technique for analyzing price movements in financial markets, such as Forex, Stock, Commodity, Crypto, e.t.c. Here's a simple guide on how to understand and interpret them.

The typical Components of a candle stick 1. The Body: Shows the opening and closing prices. A green or white body indicates a bullish trend, where the closing price is higher than the opening price. Conversely, a red or black body signifies a bearish trend, where the closing price is lower than the opening price.

Recap (24-07-2024):::👇

What it looks like

Click on the pair and this will show up, you can check the details of the pair or market. The opening time, closing time, minimal lots size and the rest

The rectangle can help you to note a flat market, buy zone, sell zone….

When you click on properties. This can also help you to copy your points when inserting your buy limit or sell limit easily without cramming the figures.

What you will get when you tap on the line

How the line looks like, you can change the colour buy tapping on the line

The line, rectangle……

On here we have different tools in marking out our points, helping us to know our buy zone, sell zone, Resistance and support without stress.

Click on the function key to add indicator to your chart… we will be talking about indicators later, let’s skip this for now.

On android devices you can easily tap on your screen to change time frame.

From here you select the timeframe in which you want to view your chart, from higher to lower timeframe. M1= 1 minute timeframe M5= 5 minutes timeframe M30= 30 minutes timeframe H1= 1 hour timeframe D1= 1 day (24hrs) or daily Timeframe W1= 1 week or weekly timeframe MN= 1 Month or monthly timeframe

Click on pair in which you want to view its chart.