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What is a candlestick chart?

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It is a chart which shows the price action (open/close price) of a certain asset (forex pair, stock, commodity) for a certain period of time. All charts providers allow traders to set up their desired periods which could be from 1 min to 1 year. It is an essential tool for technical analysis.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.