A wick (or shadow) is the thin line above or below the candlestick body. It shows the highest and lowest price during the candle’s time.
If the wick is long and on top, it means price tried to go higher but got rejected. Thatโs a sign of sellers stepping in.
โ3 Forex Mistakes That Cost Me Moneyโ
1๏ธโฃ I traded without a stop loss. Worst move ever โ one bad trade wrecked my whole account.
2๏ธโฃ I overtraded. I chased setups I shouldnโt have touched.
3๏ธโฃ I didnโt respect news. NFP dropped and boom โ market spiked hard.
โWhat Does RSI Actually Tell You?โ
RSI = Relative Strength Index. It tells you if a pair is overbought (above 70) or oversold (below 30).
But hereโs the secret: RSI isnโt a signal by itself. Combine it with price action.
Example: If RSI is above 70 and price hits a resistance zone โ thatโs your sell setup.
โHow to Spot a Breakout Before It Happensโ
The market usually moves sideways before a breakout.
๐ Tight consolidation = pressure building.
Watch the highs and lows โ when it starts breaking out with volume, thatโs your move.
