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Candlestick Analysis

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.
Roker1 Roker1 TOP EURUSD, 240, Long ,
EURUSD: EURUSD: mini-long before the fall? (Here's why: video attached)
97 0 3
EURUSD, 240 Long
EURUSD: mini-long before the fall? (Here's why: video attached)

Hi guys, as you can imagine from the title, i'm looking to buy this market as the market opens. But only if price will not gap more than 15 pips, in that case i won't place my order as displayed. If you want to know the reasons of this trade, you can click on the link below and see my latest videoanalysis (that just came out) about what pairs i'll be looking at ...

Roker1 Roker1 TOP AUDUSD, 240, Long ,
AUDUSD: Daily Pinbar at Structure: time to retrace?
166 0 6
AUDUSD, 240 Long
Daily Pinbar at Structure: time to retrace?

Hi guys, as you can see on the left hand side of your screen we're up to a previous level of structure. And in doing so, price has formed a nice pinbar showing buying pressure. When i look at the 4 hr chart then, an engulfing pattern appears following a pinbar, and that gives me reasons to believe we could see a reversal at this point. With a little retracement, ...

FundedTrader FundedTrader PRO XAUUSD, 15, Long ,
XAUUSD: GOLD long, pivot strategy by Funded-trader
51 0 2
XAUUSD, 15 Long
GOLD long, pivot strategy by Funded-trader

Sentiment: USDJPY is negative (at time of publishing) GOLD is positive (at time of publishing) Gold has surpassed the pivot R1, retraced, kissed the MA 52 this is our ENTRY signal. RISK/REWARD: 4.4 ENTRY: 1296 STOP: 1294.8 TARGET: 1301

Lyzerr Lyzerr SCBTC, D, Long ,
SCBTC: Siacoin (SC) (Long)
140 0 2
SCBTC, D Long
Siacoin (SC) (Long)

Good technical long set-up for Siacoin Set-up 1: Swing trade: @ Monthly average buyers/demand (15mins timeframe for confirmation at the highlighted green areas) Target: 20% Accumulation for a swing trade (for 14-48% gains) {Target 1: 0.00000152, Target 2: 0.00000173} Position trade: @ Monthly strong buyers/demand Target: 80% Accumulation for a position ...

forexhub_ forexhub_ USDJPY, 240,
USDJPY: USDJPY
89 0 6
USDJPY, 240
USDJPY

Bullish engulfing candle was just presented on the H4 chart. So there could be a possible retest of the neckline of the H&S pattern, which therefore could lead to a break and further continuation towards resistance or reject it and fall back down to a target of 109.40

Roker1 Roker1 TOP GBPUSD, W, Long ,
GBPUSD: Trend continuation trade on GBPUSD
201 0 7
GBPUSD, W Long
Trend continuation trade on GBPUSD

Hi guys, this time you see a weekly chart side by side with a 4hr chart. I don't usually use the weekly chart but in this case i want to emphasize why am i looking to buy this up: the higher high higher close beyond previous structure is a very strong sign of the strength of the pound right now against the dollar. Therefore, as soon as i get the opportunity, i ...

DankProfits DankProfits PRO MTLBTC, 240, Long ,
MTLBTC: ***CRYPTO*** MetalPay(MTL)-Bitcoin bullish trend continution
52 0 4
MTLBTC, 240 Long
***CRYPTO*** MetalPay(MTL)-Bitcoin bullish trend continution

As we can see Metal had a steady few Bull market weeks finding resistance around 0.0032, the price dropped within the lower time frames forming a falling wedge within the secondary trend which found support at the 0.0020, this is above the last higher low on the primary trend so I will presume 0.0032+ will be seen within the next week or so to form the next higher ...

evert.tracks evert.tracks XRPBTC, D, Long ,
XRPBTC: XRPBTC break-out 9-Oct-2017 (Daily)
39 0 3
XRPBTC, D Long
XRPBTC break-out 9-Oct-2017 (Daily)

XRPBTC Ripple is slowly creeping upwards from the downward from the Breakout and a Volume spike at 22-Aug-2017 and is currently ranging between 7300 and 3500µ. Test buy order placed at 5800 µ Action: Watch 7300 µ Major trend : Downward Current Trend : Ranging Resistance : 7312 µ Support : 3481 µ * µ = Micro

AshirDanville AshirDanville EURNZD, D, Short ,
EURNZD: "Trade what you see not what you think" bearish Sentiment
23 0 3
EURNZD, D Short
"Trade what you see not what you think" bearish Sentiment

1.Price action is in weekly support zone 2.Price action broken opposing zone 3.Trendline broken on daily timeframe 4.Gap up to the support zone

lunarfxuk lunarfxuk AUDUSD, 240, Long ,
AUDUSD: AUD/USD presents us with new long position
29 0 3
AUDUSD, 240 Long
AUD/USD presents us with new long position

Hit a new low and now we're presented with a new long position.

BravoTangoCharlie BravoTangoCharlie PRO MTLBTC, 60,
MTLBTC: $MTL Leg 2 into 3 up to target of 0.00350000
39 0 0
MTLBTC, 60
$MTL Leg 2 into 3 up to target of 0.00350000

First chart! Here we go... $MTL continuing on it's recent upward trend in leg 2 in the wider channel. In a closer TF on it's 5th leg with a first target before ABC correction is 0.00280000. ABC correction on this TF completes leg 2, looking to buy back in at 0.00250000 with a close of leg 3 target at 0.00350000.

Tradimo_Official Tradimo_Official PRO EURUSD, D, Short ,
EURUSD: Evening Star in EURUSD
77 0 1
EURUSD, D Short
Evening Star in EURUSD

Yesterday, a beautiful evening star completed at a resistance level, which resulted in a distinctive swing low from July 2012. Also, the CCI turned again under the +100. Only the volume does not play quite well because no increasing volume will be seen in the down move. However, this formation was confirmed with lower prices than yesterday.

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO EURJPY, 240, Short ,
EURJPY: EURJPY Short on Weekly Resistance
77 0 1
EURJPY, 240 Short
EURJPY Short on Weekly Resistance

We are looking to short EURJPY on the weekly resistance level of 130.755. A really good risk to reward trade for this market. Expecting a run down to 128.132

ChEtg ChEtg GBPCAD, 60, Long ,
GBPCAD: GBP CAD - Breakout of Triangle
29 0 3
GBPCAD, 60 Long
GBP CAD - Breakout of Triangle

Huge Bearish Trend, but market correction expected within the GBP and should see an upwards move towards TP - We have failed to get a good close below the 1.6050 level and we are expecting buyers to come back into the market. With Investors putting Brexit to the back on their mind and seeing the GBP as undervalued at the moment. We entered this, a few hours ago ...

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO GBPJPY, 240, Short ,
GBPJPY: GBPJPY Short if can close below the 4hr Support Zone
75 0 1
GBPJPY, 240 Short
GBPJPY Short if can close below the 4hr Support Zone

We are looking to short GBPJPY on the close below the 4hr support zone. This is a critical area of support, the market rejected the 50 Fib Level, and retraced. If the fall continues and closed below 142.207 we will enter, expecting a run down to weekly support of 139.500

Newmount_Trading_Exchange Newmount_Trading_Exchange PRO USDJPY, D, Short ,
USDJPY: USDJPY Short on Daily Resistance
50 0 1
USDJPY, D Short
USDJPY Short on Daily Resistance

Expecting a rally to 110.616 before tanking to 107.203. Strong level of daily resistance and also a 38 Fib Level before shorting.

Lyzerr Lyzerr EURGBP, 180, Short ,
EURGBP: EURGBP (Short)
65 0 3
EURGBP, 180 Short
EURGBP (Short)

Counter trend short on EG waiting for confirmation when the price approaches the nearest supply. Will update accordingly.

dr_pips dr_pips USDCAD, D, Long ,
USDCAD: Can we see Demand in price
24 0 1
USDCAD, D Long
Can we see Demand in price

On the daily timeframe we can see price rally back up to 1.2900+? Last time price was here was two years ago and price rallied all the way to 1.4600. With not much significance to stop price from reaching those highs again I fancy this trade. From a price action point of view I my first target would be 50 pips away as previous support can turn into new resistance!!

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