Candlestick charts give a somewhat unique insight into global market sentiment. They give the analyst the ability to interpret individual segments of price action.Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument.
One of the most reliable candle formations you can see on the Forex chart is the pin bar. Many traders consider this as one of the most powerful candlestick patterns for trading. A pin bar pattern consists of one price bar, typically a candlestick price bar, which represents a sharp reversal and rejection of price.
Candlesticks is the best chart representation because it gives you the key info what you need - high, low, open close. patterns work excellently there I think it is very popular among traders that’s why patterns work.
The most powerful candle in Price Action is the pin bar. The pin bar can change the market momentum. However, having a pin bar will not change the market momentum. Here we need to use market context. It is possible to earn a trading profit by combining many things.