Sani Global Forex

Doji Candlesticks -A Forex Trading Perspective- Doji candlesticks technically signify indecision between buyers and sellers in the market. They form when the opening and closing prices are equal or extremely close to each other. The Doji often appears at the top or bottom of a long market trend, which indicates; a pending trend reversal or a pause before a trend reversal. Doji candlestick patterns are created when demand and supply in the market is at the equilibrium. In other words, where demand (bulls) push prices higher but only to be rejected and pushed lower by the supply (bears), thereby creating indecision in the market. Apparently, in Japanese ‘ Doji’ means; clunker/clumsy/lost momentum/ “ to hesitate ”. Be as it may, we must emphasize that; the Doji essentially depicts indecision rather than a reversal pattern. Its usual appearance following significant upward or downward market trends indicate lost momentum and as such inability by the marke