WEBVTT

00:08.980 --> 00:10.970
Here we have three candles.

00:10.990 --> 00:12.870
I want you to have a look at them,

00:13.100 --> 00:17.720
pause the video and then tell me what you see in terms of supply and demand.

00:18.130 --> 00:23.380
I leave you five seconds to pause the video or to take your time to think of your answer.

00:26.820 --> 00:33.300
For the candle "A", we can say that the buyers were in control from the beginning to the end.

00:33.330 --> 00:37.950
The demand for the currency pair was higher than the supply.

00:37.950 --> 00:41.900
Regarding the candle "B", we can say the opposite.

00:41.940 --> 00:47.510
It's obvious that the sellers have the power at the moment and are pushing the price down.

00:47.670 --> 00:53.480
So we say that the demand is lower than the supply for that currency pair.

00:53.700 --> 00:59.470
The candle "C" shows that there's an even fight between buyers and sellers.

00:59.520 --> 01:06.550
The price went up and down creating new highs and lows for the session that we can see from the shadows.

01:06.630 --> 01:09.600
But then it closes near the opening.

01:09.630 --> 01:13.300
Supply and demand are in balance.

01:13.320 --> 01:15.180
I think that it is quite easy,

01:15.330 --> 01:21.510
but I invite you to have a look at other candles and try to make your deductions on what happened during

01:21.510 --> 01:28.560
that session. An exercise that can help, especially if you're not familiar with candlesticks, is to open

01:28.560 --> 01:29.780
your Meta trader,

01:29.780 --> 01:36.720
select 15 minutes as timeframe and have a look at the new candlestick from the beginning till the end.

01:36.720 --> 01:40.800
It will give you an idea of the formation process of the candlestick.