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Candlestick analysis focuses on individual candles, pairs or at most triplets, to read signs on where the market is going. The underlying assumption is that all known information is already reflected in the price. The technique is usually combined with support & resistance. Each candle contains information about 4 prices: the high, the low, the open and the close. A candle body reflects the net price movement between open and close while the wicks show reversals that occurred within the timeframe of the candle.

Each candlestick, therefore, provides an easy-to-decipher picture of the price action. The length of the wicks versus the length of the body in combination with whether a candle is bullish or bearish, can be used to determine a signal for the price action to come. Common candlesticks that are used in this analysis are dojis, spinning tops, hammers, engulfing candles, pinbars and inside bars.
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IOTA - Free Signal

Yellow = Buy zone Green = Sell Targets Red = Stop Loss Tweezer bottoms (Green Box) - Reversal pattern Falling wedge - Reversal pattern Stochastic RSI low. Bull Cross RVI - Need to break resistance to confirm continued momentum upward. Smaller timeframes are overbought which should pull the price back within to buy range before continued upward action.

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Cursed chart (BTCUSD)

I don't think it makes sense to use normal TA on Bitcoin because it cannot be compared to any asset... except itself, so I've overlayed the early 2013 bubble (daily candles) on the current run (weekly). We'll peak on CME futures and then an exchange CEO will get kidnapped or something. I don't know. Nobody does. Good luck. Still long as of my last linked trade:

216 2 6
GBPUSD, 1D Short
Weakness Back on The GBPUSD?

Last post: June 24th. See chart. Review: Price had pulled back to the daily 20sma which was acting as resistance. Update: Price has bounced off the 20sma and produced a potential bearish engulfing candle suggesting weakness. Conclusion: Continuing to stand aside until pivot support is cleared and price moves towards 1.3000. Any comments or questions, do ...

jasperlawler jasperlawler XAUUSD, 240, Short ,
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XAUUSD, 240 Short
Floodgates open on gold- new 1yr low - headed to 1200

Gold in sharp short-term trend Scenario a) A bounce to previous support at 1221 finds resistance Scenario b) More material pullback with new short opportunity around 1235

jasperlawler jasperlawler EURUSD, 240, Short ,
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EURUSD, 240 Short
EURUSD: Wait for move inside daily bearish engulfing candle

A bounce to 1.1675, the last 4hr broken support would be a chance to jump on daily bearish trend at a better R:R to target range lows

DominicRoberts DominicRoberts NZDUSD, 240, Short ,
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NZDUSD, 240 Short
NZDUSD Short S&R Levels

Double top formed showing signs of more bearish movement

jasperlawler jasperlawler XAUUSD, 240, Short ,
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XAUUSD, 240 Short
Gold to drop again from 1248 to test potential double bottom

Scenario A) Gold downtrend resumes from 1248, conservative target of 1241.5 because of possible double bottom on daily chart Scenario B) Daily double bottom is in place and look for long opportunities after a close above 1248

jasperlawler jasperlawler USDJPY, 240, Long ,
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USDJPY, 240 Long
USDJPY to move toward 113 in line with uptrend

Dollar yen has broken out of its long term triangle pattern- LT resistance near 114.5 Scenario A) 4hr correction ends - trend continues to 113 Scenario B) 4hr correction has further to go - look for new longs near 112

TheDNote TheDNote BTCJPY, 15, Long ,
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BTCJPY, 15 Long
Rising channel on JPY exchange suggests bullish price action

We are seeing a rising channel in the Japanese markets suggesting bullish price action to come, this could mean a jump to 6500 is more likely than i previously thought, keep your eyes open

156 4 6
USDCAD Pulls Back to Support

Last post: June 22nd. See chart. Review: Price was suggesting indecision and a possible pullback in the bull trend back to retest resistance-turned-support. Update: Price did indeed pullback and is today suggesting a possible I B setup. Conclusion: We will wait for the daily closing price and then let our community know if a pullback setup is appropriate or ...

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AUDJPY, 240 Short
AUD/JPY Ranging / Rejection / Hammer

Basic S/R and candle sticks , Esy to set a stop. Nice targets. As always DYOR , Don't trade if you cant afford to lose , never trade more that 1.5% of your pot

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SGDJPY, 180 Short
Short SDG/JPY - But spread can be trouble on this one

Based on Rejection candle off Support / Resistance. As always DYOR , Don't trade if you cant afford to lose , never trade more that 1.5% of your pot

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BTC is up against a weekly resistance now after a strong push off the 5800 support level. It has created a new higher low here and gone on to create a new higher high. It has also just broken out of the long term down trend which has been respected since early May. If it gets rejected here we may head back down to retest the recently broken down trend for ...

ewilliams ewilliams AUDUSD, 1W, Long ,
33 0 0

This is a bold idea The Dollar is currently rising like a raging bull at the moment. However this is Just some thing I have noticed on this pair today. What looks like a potential double bottom has appeared. The main reason why I have decided to look at this idea is that the Doji candle form off the key level rejection. That for me is a big sign. price this ...

ewilliams ewilliams EURGBP, 240, Short ,
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EURGBP, 240 Short
EURGBP TRADE 22/06/2018

I still think this pair is going short and when it does it could be an extreme volatile move. 4 HR chart. Fib rejection MA's are down and the purple MA is holding as strong resistance. Can this pair just collapse already !!!

alan3cA alan3cA EURUSD, D, Long ,
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EURUSD - Bullish Bounce targets 1.1718

Two of yesterday's downside targets were met as sellers dominated the early part of Thursday. But those new, marginal, 10 month lows were firmly rejected in the 2nd half of the day and modest gains were posted into the close. The proximity of the 13 day line is a concern but the bounce does leave intraday studies positive and so our call for this morning is to Buy ...

ewilliams ewilliams NZDCAD, 240, Long ,
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NZDCAD, 240 Long
NZDCAD TRADE 21/06/2018

Well what do you know? I've taken this trade ! I mean why leave pips on the table if they are available. These are the risks I feel I have to take in order to get the results. 1 thing I want to add is that the 3 pin pattern is not complete

ewilliams ewilliams NZDCAD, 240, Long ,
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NZDCAD, 240 Long

I am not in this trade but I thought I might aswell test my analysis on this pair. with not much written down expect for the 3 pin patter off the key level. I would take this trade but my account is with other trades. But If I could squeeze another position is would be this.

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