- CAD/CHF is trending towards the upside on multiple time frames following moving averages. - We are seeing a bullish engulfing candlestick closure on the 4-hour chart, and an inverted hammer pattern on the 1-hour time frame, indicating buying pressure. - The overall trade setup, has the potential to reach around 100 pips because of a potential monthly resistance re-test.
Bullish candle could be signaling a reversal on this pair.
WEEKLY (W1) $ Last week price action triggered an INVERTED HAMMER PATTERN, which usually should be seen as a bullish warning signal; nevertheless, in this case, I would remain very cautious before to conclure that the downside pressure is over and we can see a STRATEGIC TREND REVERSAL ; the weekly closing level @ 38'438 was below the TENKAN-SEN ! Indeed, the...
Looking briefly at the WEEKLY picture, a potential INVERTED HAMMER is in progress which usually is considered as a REVERSAL PATTERN (Wait weekly closing for confirmation of this pattern) In addition watch carefully the bottom of the weekly clouds support area @ 37'516, already tested once this week; a failure to hold above that level on a weekly closing too would...
Hi traders, THE STATEMENT Here you have a quick scalp idea on FX:EURNZD , using H1 for directional bias and M10 for execution. THE PLAY On H1 time frame, there is a bearish RSI Divergence forming since 14th of January 2022. However despite the RSI Divergence, there is no other confluences indicating a reversal (no Break of Market Structure or ...
STORJ has now recovered with bullish candles from a downtrend after a bullish divergence appearing on 12hr and 4hr timeframes. Storj is currently holding on to EMA50 and aiming to take EMA200. Ichi span has exited out of a downtrend channel but still aiming downwards meaning it's too soon to enter this trade. The recent buy-volume has secured Storj a double...
Cancelling the previous order and setting up a new one with a better entry point around the new inverted hammer. Believe the 200EMA and weekly resistance along with a weak overall market will win the battle in the short term.
Inverted hammer closing below the 200SMA. Bearish sign although weekly support could limit risk/reward.
Double inverted hammers below 200SMA on daily chart.
Inverted hammer with a close below the 200SMA. Partial target at the 200SMA.
As you can see on the SBEV chart, there is a build-up of tension towards the end and an inverted hammer candle. The long upper wick of the candlestick pattern indicates that the buyers drove prices up at some point during the period in which the candle was formed, but encountered selling pressure which drove prices back down to close near to where they opened....
Hi everyone Weekly" Possible trend reversal from down trend if we can get to break out from Symmetrical Triangle. There is local resistance at around $0.1 If we can over come this point we could be looking up to a reversal all the way to $0.2 Also Stoch RSI crossed up on over sold area. (After a few months now) This is a strong sign of having had reached...
BBRI membentuk pola Bullish Flag Wedge dan Inverted Hammer dengan Volume Besar, Plan BOB: BUY : > 4200 SL : > 4030 (4%) TP1 : > 4550 (8%) TP2 : > 5180 (23%) Risk In Your Hand Press Like & Follow if u like My Content.
Bitcoin is showing some Strong reversal signs for at least short-term drop. Let's look at all those points that might be pointing towards a pullback or short-term drop for BTC - 1) Shooting Star or Inverted Hammer on Weekly of Bitcoin and on same time Bitcoin went up with decreasing and low volume which is VERY WORRISOME :- 2) Head & Shoulder on Hourly :-...
Entry price: 144-145$ Target price: 150-151$ Stop loss: 142-143$ Bollinger bands: the price is approaching the lower band Candle pattern: inverted hammer Fibonacci retracement: the price is approaching 1 (144,43) level Conclusions: Bollinger bands and candle pattern suggest a trend pullback. Moreover, the price is approaching the Fibonacci level, thus the long...
We entered on the inverted hammer in line with the weekly chart downtrend .we will be holding it till the next support .Short term support of the daily or 4H timeframe, and the longterm support of the weekly timeframe. Let the profits run.Lets be disciplined to achieve consistency
This stock has been way too hot. Which is awesome, my calls printed every day this week. However, it's likely do to reverse, and this is due to possible volume exhaustion on the stock. How to tell if the stock is approaching V.E.? 1- Gap up on the chart. From Tuesday to Wednesday the stock made a considerable gap up on the daily chart. 2- Huge spike in volume....
GBP/USD Forms Inverted Hammer In Weekly Candle. Sell GBP/USD Short Term With Target of 1.36600 SL 1.42500