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{"id":18900,"date":"2021-11-23T12:38:57","date_gmt":"2021-11-23T12:38:57","guid":{"rendered":"https:\/\/iqtradingpro.com\/?p=18900"},"modified":"2021-11-23T12:38:57","modified_gmt":"2021-11-23T12:38:57","slug":"read-price-action-candlestick","status":"publish","type":"post","link":"https:\/\/iqtradingpro.com\/read-price-action-candlestick\/","title":{"rendered":"How to read the Price Action of each candlestick \u2013 Part 6"},"content":{"rendered":"

After reading 5 articles, we have completed the warm-up of the Price Action series in IQ Option. You can review the full 5 parts below<\/p>\n

What is Price Action trading strategy? Where does its origin come from? \u2013 Part 1<\/a><\/p>\n

Price Action Basics For Beginners \u2013 Part 2<\/a><\/p>\n

Popular Price Action Trading Strategy \u2013 Part 3<\/a><\/p>\n

Why new traders should start trading with Price Action \u2013 Part 4<\/a><\/p>\n

5 Steps to becoming a Price Action Trader \u2013 Part 5<\/a><\/p>\n

Now let’s go to the “acceleration” part after the warm-up is done. This is a section dedicated to the tools that Price Action traders will use. In this section, we will in turn learn how to use the simple tools of each candlestick such as support, resistance, trendline, price channel to read and understand Price Action.<\/p>\n

I hope by the end of this section everyone has perfected their skills in reading Price Action and using the tools above. And the most important thing is understanding the story the market wants to tell you when looking at the Japanese candlestick chart.<\/p>\n

Register IQ Option and Get Free $10,000 Risk warning: Your capital might be at risk.<\/small><\/span><\/a><\/p>\n

What is the price action of each Japanese candlestick?<\/h2>\n

Reading the price action of each candlestick means understanding what the market has done now and what it is preparing to do in the future. In this way, we can increase the probability of correctly guessing what it will do.<\/p>\n

\"What
What is the price action of each Japanese candlestick?<\/figcaption><\/figure>\n

A lot of traders try to use candlestick patterns to read price action. Its problem is that they are attached too much to cumbersome names that are difficult to remember, tend to find candles that match the theory mechanically. Reading and understanding Price Action must be gentle and easy to understand, not rote learning.<\/p>\n

After this article, you will understand how easy it is to read and understand Price Action.<\/p>\n

How to read and understand Japanese candlesticks<\/h2>\n

A candlestick represents price data for a fixed period of time. I am sure many of you already know this.<\/p>\n

We need 4 pieces of information to analyze the formation of a candle<\/p>\n

\"Japanese
Japanese candlestick structure<\/figcaption><\/figure>\n