Forex Candlesticks really facinate me a lot. The more I learn about them, the more I feel like learning more. I mean so many patterns and each speak a lot about forex market conditions.

For example, let us talk about Candlestick doji which is a very popular and significant type of candlestick pattern.

Doji Candlestick pattern

 As you can see in the chart, Doji signifies a point where both Buyers and sellers match for each other. Its more like a tug of war where no side is winning currently.

Candlestick Doji in clear terms is a candle where the opening price is the same or almost the same as the closing price.

So naturally when a candlestick is formed, it shows that trader needs to be watchful of the trading consitions.

Doji candlestick also shows that the traders who have their forex trades open need to do some housekeeping work such as adjusting stop loss or may be even close the trade.

See, all this message can be derived from one single forex candlestick Doji pattern