Forex

Question 1

How are the candles formed?

Answer 1

Through the openings, highs and lows of bars in any given time frame

Question 2

What is a bullish candlestick?

Answer 2

A green candle that has its closing bar higher than its opening bar

Question 3

What is a bearish candlestick?

Answer 3

A red candle that has its closing bar lower than its opening bar

Question 4

When do bullish bars open and close?

Answer 4

Open - After the lows
Close - Before the highs

Question 5

When do bearish bars open and close?

Answer 5

Open - After the high
Close - Before the low

Question 6

What do long bodies signify?

Answer 6

Strong bullish or bearish interest

Question 7

What does a long bar formation signify on your chart?

Answer 7

Strong buying or selling interest

Question 8

What does a long shadow signify on your chart?

Answer 8

Trading activities occurred far away from the open or closed level of that bar

Question 9

A candlestick has a long upper shadow and a short lower shadow, what does this indicate?

Answer 9

Buyers showed a stronger sign of interest by bidding price higher but then sellers pulled down the price to the opening session of the bar

Question 10

A candlestick has a short upper shadow and a long lower shadow, what does this indicate?

Answer 10

Sellers showed a stronger sign of interest by bidding price lower but then buyers pulled the price upwards to the opening session of the bar