Japanese candlesticks are a powerful tool in Forex trading, providing visual insights into market sentiment and price action. These candlesticks, formed by the open, high, low, and close of a time period, reveal patterns that can indicate potential market reversals or continuations. Key patterns like Hammers, Engulfing Candles, and Morning Stars help traders predict future price movements. While candlesticks offer valuable information, it’s important to use them alongside other technical analysis tools and within the broader market context to make informed trading decisions.
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