Japanese candlesticks are the most often used chart type.
Japanese candlesticks first used by Japanese rice traders over 200 years before the first charts appeared in America.
Why do we need them?
- Help to analyze the price movements.
- Define the entry points.
The Japanese candlesticks are very helpful in defining the chart patterns. These patterns can indicate a reversal or the trend continuation. Reversal or continuation of a trend enables the trader to make profit.
How to turn on the candles
- Switch your chart into Japanese candles (10 seconds for Turbo options, 30 seconds for binary options)