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Candlesticks and Range Trading

Candlesticks and Range Trading

Richard Krivo, Trading Instructor

Student’s Question:I attended a Range Trading webinar and after it was over, a question came to mind:are there any candlesticks or candlestick patterns that could be beneficial when Range Trading?ThanksInstructor’s Response:Take a look at the chart below for a visual on this…

Candlesticks_and_Range_Trading_body_31393d1244761156-post-day-chart-6-11-09.png, Candlesticks and Range Trading

One of the keys here will be the longer wicked candles (and longer wicks in general) as they signal the potential for a change of direction of the pair. The engulfing candles can help and certainly the Morning Star at support and Evening Star patterns at resistance will assist us as well.

To learn more about candlesticks in trading, if you are a live FXCM account holder, click on the following link…, put in your live account number and live account password for the username and passwordand then click on “Trading Course” and you will see a series of 15 subjects…one of which is Candlestick Patterns.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.