ACADEMY
Doji Candlestick in Forex
Basic Forex Education (12)
Chart Formation Patterns (13)
Fibonacci (4)
Understanding Candlesticks (13)
Lesson 2
Doji Candlestick in Forex
Welcome to Lesson 2 of the Forex Candlestick Signals series by PROP365. In this video, we’ll break down the doji candlestick pattern and how to understand and apply it in trading.
What Is a Doji Candlestick?
A doji candlestick forms when a currency pair’s opening and closing prices are nearly identical. This results in a candle with a very small or non-existent real body, resembling a horizontal line.
What Does a Doji Candle Indicate?
The doji reflects market indecision. Buyers and sellers are equally matched during the session. As price moves up and down throughout the session, it ultimately returns to the opening price, showing no clear directional commitment.
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