WHAT IS A JAPANESE CANDLESTICK?

WHAT IS A JAPANESE CANDLESTICK?

Candlesticks (or Japanese candlesticks) is a style of chart used to present price movements of a currency. Each candlestick represents a specific amount of time depending on the timeframe. If you’re on the 15 minute timeframe, each candle is equivalent to 15 mins (M15). If you are on the Daily (D1)  timeframe, each candle represents 24 hours. 

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