Post of the Day: Candlesticks and Range Trading

Commercial Content Analysts
1

[B]Student’s Question:[/B][B][/B]

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I attended a Range Trading webinar and after it was over, a question came to mind:

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are there any candlesticks or candlestick patterns that could beneficial when Range Trading?

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Thanks

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[B]Power Course Instructor’s Response:[/B]

Take a look at the chart below for a visual on this…

One of the keys here will be the longer wicked candles as they signal the potential for a change of direction of the pair. The engulfing candles can help and certainly the Morning Star and Evening Star patterns.