Why Candles Matter

In the world of Forex, candles hold the key to unlocking hidden opportunities. Most traders have heard the saying “WAIT FOR CANDLES TO CLOSE,” and there’s a reason for it. Candle closes reveal critical insights, helping you discern whether zones will be respected or rejected, whether wicks signal exhaustion or potential reversals. With Forex Masterclass (Market Fluidity+Smart Raja Concepts), we place heavy emphasis on candles and price action because, in essence, all we observe is a candlestick chart from a micro perspective. While we may have ideas about what institutions and banks are doing, focusing on CANDLES and PRICE ACTION is the cornerstone of successful trading.
Break & Retests / Fakeouts

So from the example above and below you can see from annotations how easy it can get to tell stories on the charts by simply waiting for candles to close. When we talk about break & retests, technically they are pretty easy to spot AFTER the price has already moved, but it is a completely different thing to call it out as its happening.

Similarly same thing happens when you see a fakeout. A fakeout is just a failed breakout trade where the candle skips the retest and just closes back in the range. As you can see from the example above, looking at candle closes at 1h and 4h levels, it is pretty easy to tell a story and as to what the price is expected to do next.

 

Those were some of the things that are covered in great detail in FX Masterclass. The aim is to provide you with the ability to read the candles accurately by being patient and ultimately becoming truly fluid in the markets.

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