We can clearly see in this chart that the price has reached the upper boundary of a bullish channel, where it would encounter selling pressure. As a result of this selling pressure, the price on Friday, January 12th, formed a bearish impulsive candle. Following this candle, it managed to break below the short-term bullish trendline that the price had respected in...
Hello traders! - I want to present the engulfing candlestick pattern and will try to explain why it is important to recognize this pattern formation. - The engulfing candlestick is a crucial tool in technical analysis for traders in financial markets. It serves as a powerful indicator of potential trend reversals or continuation, providing valuable insights...
We expect further downside on this pair, signalled by a huge bearish engulfing candle pattern on the H1 time frame.
Price retest 1.124400 area three times. this is the third time and a rising wedge is spotted around the resistance area, indicating the reversal of trend. Stop loss is 70pips, target is 340 pips Risk to Reward radio is 1:4.5
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential trend reversal. After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downwards. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing...
Good evening guys, I've just hoped on the charts and GJ is looking very clean, if there's a perfect example of a break and retest, this is one lol! 166.0 is a huge area of resistance and we've absolutely smashed through it and this is after printing a double top so this really shows that buyers are in control of the market. For this trade, I'm now waiting for...
G'Day Traders and Analysts, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed...
I'm taking this short opportunity here on GJ during London till NY session and I'm posting this as journal or learn purposes. min. 1:3 Risk Reward. If you have any questions about this trade setup you can contact me.
This post is not a trading idea, but for our learning together. 1. False Break In general, many of us know that the false break is when the price breaks through the Resistance/Support area but the candle fails to close outside that area. When this happens the candle will create a wick. However, a false break can also mean the candle has successfully closed...
Candlestick Math - V1.0 Sometimes , you need to do some candlestick math to drown out the noise between the candles . This helps in better decision making overall by understanding the effect of the last few candles. Candlestick Math creates a new blended candle which can be interpreted as a summary of the defined period . The indicator uses Lookback period as...
Please Like & Follow Buy Entry 1.239200 TP 1.25600 SL 1.22000
Please Like & Follow Us Buy Entry 1.25073 TP 1.27100 SL 1.23900 MFX Pakistan
With falling US markets and equity, EURUSD are also showing signs of reversal after a long bullish rally. As FED cuts interest rates, it is likely to have a significant impact on the dollar. This is effect is immediately shown in the dark cloud cover formed in the 4 hour chart at the last 2 trading sessions of the previous week, both of which have very high...
AUDNZD Last Week, The Daily Time Frame Closed Above The Old Down Trend Line, After Hitting The Up Channel Trend Line Forming A Bullish Candlestick Formation on The 4 Hour Time Frame, Now The Market Have Come Back To The Backside of The Down Trend on The 4 Hour TF And Formed Another Bullish CSF (Bullish Engulfing Candle) With A CTL Break, What We Have: -...
The CME Bitcoin futures chart will be showing a large gap in price when trading resumes. Gaps like to be filled so expect a potential backtest to $6,290.
GBPAUD Timeframe: 1D Direction: Short Confluences for Trade: - Strong Bearish Candle Formations - Price broke M/T Trendline (Since Sept 2017) - Fundamentally, Brexit uncertainty provides a bearish outlook on GBP while AUD may improve on higher chances of Trump and Xi get something agreed on regarding trade and with a more dovish FED, AUD being an...
iN my Non-Professional Opinion $644x is a reasonable entry point for a quick short on the bitcoin...?? Gud Luck & A wiseman once said "to always keep tight SL when/IF shortin' BTC...." IDK,, MayB, round $65xx-ish. ought 2B gudd... MayB Cheers :)
On the 4H chart we see 3 consecutive dojis/spinning tops, with another one forming as well. This indicates a lot of indecision in the market currently, and a big move could be coming in either direction. In my opinion, we will break below the 21 EMA that has been tested a couple times already, and head further down. My target remains the same: 6200-6300. Stay safe, Vik