Many modern forex traders opt to use the Japanese candlestick for displaying charts. The candlestick charts are believed to have originated from Japan in the 18th century and credited to a rice trader by the name of Munehisa Homma. They provide a combination of information available from a line chart and a bar chart, with each candle representing an opening price, closing price, lowest price and highest price of the time frame it represents.
The following infographic highlight 3 types of candlestick and their Japanese meanings which of course, make perfect sense!
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