market charts

I really want to understand the market and what happens inside it using chart, because without understanding your chart you have not begun.....I have read some books that have given me insights but I feel like traders in this forum can equally be of good help...so I have these questions here...

AUD/USD Market Scenario 1: Long positions above 0.7230 with targets @ 0.7275 & 0.7299 Market Scenario 2: Short positions below 0.7230 with targets @ 0.7206 & 0.7161 Comment: Aussie during yesterday’s session broke through its recent high at 0.7250 against US Dollar and closed the day at...

Candlesticks are often considered more visually appealing than other types of market charts such as open high low close or stick charts and, more importantly, they are easier to interpret – an important factor in a fast moving market. At a glance, a trader can compare the difference between the...