Volume profile: do you use it in forex?
Volume profile shows how much traded at each price, revealing high-volume nodes where price tends to stall. In forex the data is tick-based rather than true volume, which changes the read.
Do you use it?
- the platform and data source
- how you trade high- and low-volume nodes
- whether tick volume undermines the method
The candlestick guide covers the price data behind profiles.
Background: How to read candlestick charts
Candlesticks pack four prices into one shape. How to read the body and wicks, what timeframes mean and why single patterns are weaker than they look.
What do the wicks on a candlestick mean?
The wicks show the highest and lowest prices reached during the period. A long wick shows that the price moved there but was pushed back before the candle closed.
Are candlestick patterns reliable?
Not on their own. They are more meaningful at important price levels and on higher timeframes, and they should be combined with a clear plan for risk.
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