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|Learn Forex Trading > Day 2 Class > Long & Short Bodies of Candlestick|
|Long & Short Bodies of Candlestick|
Just like humans, candlesticks have different body sizes. And when it comes to forex trading, there’s nothing naughtier than checking out the bodies of candlesticks! Long bodies indicate strong buying or selling. The longer the body is, the more intense the buying or selling pressure. Short bodies imply very little buying or selling activity. In street forex lingo, bulls mean buyers and bears mean sellers.
Long white candlesticks show strong buying
pressure. The longer the white candlestick, the further the close is above
the open. This indicates that prices increased considerably from open to
close and buyers were aggressive. In other words, the bulls are kicking
the bears’ butts big time!
What are Shadows ?
If a candlestick has a long upper shadow and
short lower shadow, this means that buyers flexed their muscles and bid
prices higher, but for one reason or another, sellers came in and drove
prices back down to end the session back near its open price.
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