You would be surprised what sort of information the basic candlestick chart can offer.
I get questions from traders everyday –
How do I determine the trend?
Which way is the market moving?
Where are the important support and resistance levels?
These are entry level questions, and the answers are simple, but traders are searching for a deep complex answer not taking in the vital information right in front of them on the plain chart.
Check out the chart…
By observing the swing highs and swing lows you can read a lot about the market direction.
This might seem like Micky Mouse kiddy school stuff, but a lot of Forex traders seem to skip over this simple data, and are continuously looking for deeper explanations where they can’t be found.
All the information is right here – don’t ignore what the chart is trying to tell you.
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