In the foreign exchange market, candles move based on the buying and selling activity in the market. When many traders are buying a currency pair, the price goes up, and the candlestick moves up. On the other hand, when many traders are selling, the price goes down, and the candlestick moves down.
The movements are a result of the constant interaction between buyers and sellers, responding to various economic, political, and market events. The candlestick charts help us visualize these price movements and identify trends and potential trading opportunities.
See also: Do Brokers Control Candlestick Movements In Forex?
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