BINANCE:LINKPERP In the 1 hour TF, we see a bullish trend starting. The bullish engulfing candle indicates that there is good strength for price to move higher. Link is expected to break the previous higher high.
So previous idea on ETH went perfect! (Check it if you haven’t seen it yet)
Following the analysis,we notice a pinbar candle on 4H ETH chart on demand zone which could lead to higher prices.but since the ascending wedge I told you about it the previous idea broke down,every upside is considered a pullback and an opportunity to sell or short.good luck all!
Weekly candle closed with some heavy rejection we could see some upside to 22,545
If price breaks over 21,575 I’ll take buys risking 1% of my account value and aim to make 3%
If price breaks 20,469 I’ll short with the same risk management plan .
Possible Short setup her soon on USD/JPY, this is the 3rd time price hit this resistance zone since the beginning of JAN. Today I will be watching RSI for bearish divergence and bearish candle play for execution on this play. Be easy today everyone!
I'll be watching this pair pretty closely. It's been trading clean lately, so i'm pretty confident i have some solid levels layed out. Will be watching this pullback to head deep into resistance zone for a short-setup if i see my RSI confirmation and some bearish candle play.
NYSE:CAT Short - Caterpillar, Inc. - The Double Top Drop
This short biased thesis is based on the following factors:
A double top that was recently formed and confirmed
A Bearish Three Black Crows candle stick pattern followed the second top (of the double top)
A large series of dark pool prints totaling around $882M came in on June 25th, all around the...
Script automatically identifies the following on the chart
1. Bullish Engulf
2.Bearish Engulf
3. Morning Star
4. Evening Star
5. Piercing Line
6. Dark Cloud
7. Harami Bullish
8. Harami Bearish
9. Shooting Star
10. Inverted Hammer
11. Hammer
12. Dragonfly Doji
13. Gravestone Doji
The SPX shows a “Shooting Star” candle pattern. The shooting star candle is much like the “Inverted Hammer” but it comes after a move up in price. This is a bearish candle for many reasons.
- After shooting higher, the bears were able to drive price all the way back below the open, near the low.
- Long wicks above the real body in candle charting therefore...
Hanging man such a pattern, consider initiating a short trade near the close of the down day following the hanging man.
A more aggressive strategy is to take a trade near the closing price of the hanging man or near the open of the next candle.
Place a stop-loss order above the high of the hanging man candle.
Morning again traders,
Looking at a short term trade on Gold versus US dollar after formation of a bearish candle pattern on the 2 hourly Advance and a Bearish Harami on the 4 hourly both of which point to price action moving lower over the remainder of today.
Looking for a move back down to support levels around 1389 over the coming hours as per our hourly...
NZDCAD saw recently a massive bearish engulfing on weekly off 23 Fibonacci level, off Bollinger band's central band and off 2|1 Gann angle followed by Bear sash pattern immediately after. I expect price to drop to the next Fib level, outer BB band, Gann angle, Fib arc (confluence of many points).
Candle Pattern: Evening Star
Trend: Down
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 20
Fib Entry: 61.8%
Fib TP: 61.8%
Stochastic: overbought
Inside EMA/SMA zone: yes
BB: above midpoint
Notes:
evening star formed inside EMA/SMA zone within the start of a new down trend
entering a little early before the 3rd candle close, hopefully it...
I just realized i had not done an XRP/BTC video for over a week, so here it is.
I have to be honest... I want to see a bull run, but i'm thinking the bears are winning at the moment. The 12000 satoshi area seems to be doing a very good job at keeping price action down.
I think we see 10,000- 9,500 satoshis before we see a break of 12000.
I hope you enjoy...
