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USDCAD - LongI am bullish on USD Fundamentally as they are recovering well from the pandemic I am bearish on CAD towards the American dollar as America has a stronger currency I see a consolidation zone in USDCAD from 2015 and we arrived at the bottom of it this month, my entry was a candlestick pattern that consists of 3 candle sticks 1st candlestick must be a continuation of the current trend with no signs of slowing down 2nd candlestick (Doji) 3rd candlestick - this candlestick is a confirmation of the whole pattern, it must engulf the 2nd candlestick fully with its body and at least go into 40% or more of the first candlesticks body This candlestick pattern can happen both after a descent and after a rally
Long
by Lolek1423
Trade Journal: Long BIG - 1/15/2020I went long BIG based on the Bullish Candlestick Patterns and the chart pattern on the 30m timeframe. In the past 2 days, BIG has printed 2 Inside Day Candlesticks in a row near highs. These candlestick patterns are a predictor of future volatility and usually prices goes in the direction of the current trend. Zooming into the 30m timeframe, a flag pattern is forming right above the previous breakout trendline. Furthermore, price is clearly rejecting this trendline with high volume hammer candlesticks. I went long BIG at 29.85 with a stop loss at 29.15 below the previous low. My target on the trade is 34.00. In hindsight, I probably hit the trigger too early on this trade. Price is currently right below a strong level of resistance at 30.50 and looked like it rejected this area on Monday. When I start new trades, I usually want to see no nearby levels of resistance where the price could have trouble (Clear skys). I should have waited for this resistance to be cleared or skipped this trade. Depending on the price action tomorrow, I may choose to close this position early.
BLong
by Trader_Kaji
1
#EURCAD selling possibilityHello, dear traders and friends. Let's take a closer look at the EURCAD chart and examine the potential selling opportunity in this pair together. Firstly, we can clearly observe a bearish trendline in the 1-hour timeframe, connecting lower highs. This trendline suggests the possibility of a bearish bias for this currency. Secondly, when you examine the Daily timeframe for this pair, you'll notice that the price broke above the bearish trendline last week but failed to follow through and has since consolidated around the bearish trendline. This appears to be a false breakout. Furthermore, the price's bullish moves seem to occur in a corrective manner, indicating a lack of clear intention for a bullish move, at least for now. For a more conservative trading approach, you can consider waiting for a bearish breakout of the short-term bullish trendline or simply waiting for a candlestick confirmation to validate a downward movement. It's also worth noting that there's a possibility that the price may test the previous top formed and extract liquidity from there before reversing to the downside. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
by mohemati
5
#AUDNZD selling opportunity Hello, dear traders and colleagues. I wish you all a successful trading week. Let's examine the AUDNZD chart to identify a potential selling opportunity. As you can observe, the price is currently testing the upper boundary of a bearish channel, which has been acting as a resistance following an extended rally. Recent price movements in the past two days show signs of exhaustion, further increasing the likelihood of a bearish move. Additionally, by examining the daily candlestick, you'll notice that we've experienced upside rejections in the last two days, indicating the presence of selling pressure. To initiate a sell position on this pair, we would prefer to witness another upward movement, aimed at clearing liquidity from above the horizontal arrow we've marked on the chart. Subsequently, we'll look for a break below the short-term bullish trendline that has kept the price elevated during the recent bullish movement.
Short
by mohemati
7
#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Short
by mohemati
#GBPJPY Potential upside continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor of long term price movement. As it can be seen in the chart price struggling with supply area for the past few days and failed several times to break below this supportive area. more importantly today after another failed attempt to break below the support price rejected and formed strong bullish hammer candlestick pattern which can potentially shows buyers strength. Now in order to trade this pair I'm looking for price to fail to go lower than the 4H bullish hammer candle low or break above lower timeframe bearish trendline.
Long
by mohemati
Kicker follows through on Nasdaq 100Notice this week's candlestick has fat body meaning the bulls were in overall control following a kicker signal, this is what you'd expect to see after such signal for potential change of direction. It's important to point out a similar kicker signal a few weeks ago has no follow through, instead the very next candle is a inside doji followed by an bearish engulfing candle. Verdict: current change of direction remains in effect as long as there's no contradictory patterns showing up.
NASDAQ:AAPLLong
by FxCloudTrader
1
Morning starA morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick. In price action strategy when we see this pattern on support we can trust it 🥰
OANDA:XAGUSD
by sahar21010
1
BTC Quick Correction!Money Makers! From what I'm seeing right now on the weekly TF Bitcoin has made a higher high but at the same time, it looks like a false breakout based on the previous candlestick. With that being said the bears are trying to gain temporary control to bring the prices lower to the next support. We all know when Bitcoin corrects, it happens very quickly. If you're looking to short it, I have mapped out the percent you'll gain shorting to the mapped S/R zones. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice. Simplicity Wins
BITFINEX:BTCUSDShort
by rnaofs
2
Pay attention to $BTC/USD, the latest candlestick shape! BullishIs the bull market returning to BTC? The BTC market is located at the lower limit of the rising channel, and attention is focused on future trends, but first of all, please see the daily chart for the last 7 days. The candlestick bodies stop at around $10,100, making a long lower whiskers on all the candlesticks. I haven't seen such charts much. Regarding this, although buying and selling are intermingled, suggesting a situation where you can not go to either, but the bottom price is solidifying, and it seems that the bottom price will solidify and it will start to rise. , And are generally considered. In addition, it is important to note if the long-term moving average (100MA) functions as a support line in the upward direction. Since 2017, 100MA has no track record of supporting candlesticks in the upward situation. Then, if supported at the current price, there is a possibility that it will have an uptrend that has never been seen before. The number of new addresses is also increasing, and the momentum of increase is likely to accelerate from here. Since buying and selling are inundated, high volatility and rapid price movements, we would like to continue thorough risk management and re-consciously consider risk-reduced trade.
BITSTAMP:BTCUSDLong
by Moshin_GW
1
Fantastic OpportunitiesAs the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself. There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart. The important candlesticks confirmation on the Gartley Pattern at X requires the next candlestick to touch 71.47 before the pattern is valid; failure to do so, I'll be waiting for the Bearish Bat Pattern. Magic Candle has to appear at 72.94 for the Bat Pattern on the 4-hourly chart(right) to be valid. This is how trading should be. Plan your trade, and wait for candlestick pattern confirmation before engaging the trade. What's your trade plan for WTI?
TVC:USOILShort
by RaynLim
2
A 711pips of profits that could be yoursA 711pips of profits could be yours if you join our Weekly Wednesday LIVE Streaming Session on TradingView. Should you ask me my view on EURJPY and choose to engage the Bullish Deep Gartley Pattern at 138.17? What happens next could be of better use to you, a Potential Bearish Flag Pattern trading setup. There are 2 ways I would engage it. The first way is to wait for a break and close below the current trendline, and I'll wait for a retest before engaging the trade. Another way would require the market to rebound and pause on the higher trendline. That is when I will wait for a candlestick pattern confirmation before engaging the trade.
Short
by RaynLim
1
TSLA: About to CRASH again? Pay ATTENTION to these key points!• Yesterday, TSLA did a bullish candlestick pattern, a Harami, just above the support level at $110; • This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered; • This indicates that the trend is still bearish, and if TSLA loses the $110, the next technical support level is the $91 (blue line, weekly chart); • Only if TSLA confirms a very good bullish reaction above the $110, we might see it bouncing again to higher levels. So far, no bullish reaction; • The key point that could reverse the bearish sentiment, at least in the mid-term, is the $126 area. This would be the peak between the two valleys of this possible Double Bottom chart pattern in the daily chart; • These are the main key points to watch on TSLA for now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
Strong Uptrend Pattern!The candlestick pattern indicates rising candlesticks methods, hence, a bullish continuation candlestick pattern that occurs in an uptrend towards the next price resistance. Backed by high-volume support the price continuous movement. RSI indicates a fresh buying interest in the stock hence the oscillator graph above indexes 50. Thus confirming the price movement. The OBV and MACD show a continuous uptrend and backed the price movement toward the next price resistance. Precaution for a price correction between 10%-20% from the recent peak due to short position by the traders. Let's save TOPGLOV in WL and watch out for significant price movement towards the MA50 line backed with volume. R 0.780 S 0.630
MYX:TOPGLOVLong
by eskopitehmilo
BTC Bitcoin: Shooting Star CandlestickHello friends, today you can review the technical analysis on the Yearly chart for Bitcoin ( BTCUSD ). Many people all around us are predicting that the crypto market will rebound and though I want to be optimistic, I have to be realistic because too many people bought crypto at high prices unlike some of these people on YouTube that bought under $500 so for them it's a different story. Simply said, be realistic about bitcoin and the markets. 1) The Bitcoin price year over year has been growing significantly with 2021 sending the price to an all time high. 2) This created a long candle wick on the yearly chart in 2021. 3) Though the price is currently hovering around $50K, it may not be as concerning, however seeing the weakness and volatility in the market (crypto, stock, commodities, and others), there is a chance that Bitcoin may close the year around $40K. 4) If the price closes around $40K, the yearly candle will form a Shooting Star Candlestick. 5) Since this is a bearish candlestick and generally indicates a trend reversal, it is very possible to see a major drop in Bitcoin price for 2022. 6) This is just an idea and there are many other factors that are involved but from historical patterns of seeing Shooting Star Candlesticks, it usually doesn't go well. 7) It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
14
NAUKRI (Pre-Results Analysis) | Good Move PossibleNSE:NAUKRI INFO EDGE (Naukri) - has been into a tight consolidation zone for the past few weeks, with quarterly results being announced today It was consolidating in an ascending triangle pattern zone (bullish pattern) and made a breakout, Now a re-test at 3990-91 zones could be a good buying opportunity for a swing trade with targets of around 4500+ (Trailing post 4500 levels) a stop loss for this trade could be around Rs 3754 (Giving a R:R of 1:1.5) My Entry will trigger only at or around 3990 levels Hoping for a positive Quater Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas Disclaimer - The idea shared is just for educational purposes with no intention to promote the company, before investing kindly do your own research and also consult your financial advisor, I am not a SEBI registered individual. #Tradeplan #candlestick #candlestickpatter #priceaction #learn #Earn #analysis #Relaxo #Grow #harshnisar45 #stockmarket #chart #chartpatterns #swingideas #Learn&earn #Wealth #editorschoice #trending #weathmagnet
NSE:NAUKRILong
by harshnisar45
Relaxo Footwears (Pre - Results Analysis) | Good Move PossibleNSE:RELAXO Relaxo Footwears has been into a tight consolidation zone since the past few weeks, with quarterly results Last Quater due to weak results the stock had shipped down 10%, however, it came back to it original price gradually, the current consolidation happening in the stock is forming an ascending triangle pattern (which is considered as a bullish pattern) however with results on the go that will be announced on 26th July'22 (Tuesday) I am slightly positive about the results of this quarter So here is my Trade plan, Though I am bullish I will wait for the confirmation by price action, when the candle closes above the level of 1017, and gives a re-test/retracement on the level of 1017. I will plan to take a long position with a target price of 1111-1115 Also last quarter showed us that the costs pressures for the company had deeply hurt the profitability of the company, let's see how did company plan and take action on the last quarter's issues. Hoping for a positive Quater Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas Disclaimer - The idea shared is just for educational purposes with no intention to promote the company, before investing kindly do your own research and also consult your financial advisor, I am not a SEBI registered individual. #Tradeplan #candlestick #candlestickpatter #priceaction #learn #Earn #analysis #Relaxo #Grow #harshnisar45 #stockmarket #chart #chartpatterns #swingideas #Learn&earn #Wealth #editorschoice #trending #weathmagnet NSE:RELAXO
NSE:RELAXO
by harshnisar45
Bitcoin | Selling and Buying pressure. Provided by CandlesticksIn this idea we will figure out why this exact Trading Range has been formed. Candlesticks will help us with this. Candlesticks , as you know, can reflect the market psycology and points of interests , where people have the most willingness to buy or sell the asset. Despite we can find the points of interests and see the psycology, it is very difficult to determine how price will behave itself in the future, because the psycology can be interpreted in many ways ( frequent human error : is thinking that he/she is playing against the majority. In the market there is no left and right. Market psycology is not static, it is dynamic and changing . Which means you can be right this minute and wrong the next one, or even half-right .) Before we go further I have to explain what is a candlestick with the most buying/selling pressure . It is simple, because the difference between these candles and the usual ones is obvious, these candlesticks are usually long in height, and have longer bodies in comparison with usual candles. This is because more buying/selling occured and more volumes came in or out of the market in a zone, where candlestick has been formed. This type of candlesticks can form strong resistance/support levels, and strong zones for the price to get through them. Also these candlesticks form points and zones of interests ( and psycological barriers ). This happens, because to break through these levels or zones will be harder for the price and usually takes longer time. That's why market participants become more active when the price get into or go through these levels or zones. Despite we know on which levels or zones the most activeness potentially will be, we can't define the next possible direction. You only can use these candles for determing strong zones and levels . On the chart I marked five candles of this type. One of them I used as an example just to show you how strong it can be. Look at the bearish candlestick which opened at $12.927 and closed at $11.159 level. This candlestick formed during an Uptrend and changed the Market's tendency . It does not mean that this candle reversed the Trend, but this candlestick created a very strong resistance zone . And you can see on the Chart, that since this candlestick has been formed, the price was unable to get higher than the candlestick's high and trend started to get weakening . Also the high of this candlestick served as a psycological barrier , we saw two times when price was approaching to this level and dropped . This is because unlucky buyers who intitiated their positions on highest levels during an Uptrend sold their assets at a breakeven point or in a little loss . After first drop, this level has become a psycological barrier for them. My recommendation to you: always watch for these zones, because they compose a very important part of the market . Sorry for such long explanation . Now let's start the analysis On the Chart we see strong $8.500 resistance and $7.800 support levels that have been formed by two candlesticks , first one with the most selling pressure and second one with the most buying pressure . As have been said above these levels also can serve as the points of interests . Let's consider two options 1st - the price will break Upward , 2nd - the price will break Downward . And before we make some assumptions, it is very important to know the current Mid Term trend . According to some of my previous ideas the current Mid Term trend is downtrend , I recommend you to read my previous analyzes where I explained why I think so, after this idea. Back to the options: 1st option - we break current resistance and move upward - because we are in a Downtrend , the most important for this option is to watch the behavior of the price and not to be caught in the bull trap . It might happen if you will think the current Trend reversed on an Uptrend . Don not think so until two things happen 1 - the Price will get higher the $9.700 level, which is the high of a candlestick with the most selling pressure, and also serves as a psychological barrier . 2 - the Price will get higher the $13.350 , which is the high of a candlestick with the most selling pressure, and serves as a second psychological barrier . These levels are very strong, and I explained above why and gave the example. Watch them! 2nd option - we break through the support and move downward , this option conforms the trend, but might keep some surprises you should be aware with. These surprises might happen, if market will get the new buyers who will be ready to buy BTC for lower prices , when the price will decline. Watch for the volumes which will come in the Market and for some metrics on On-Chain analysis ( for example how many BTC wallets with balances more than 1000 Bitcoin have been registered :) ) I would say these are main options, that seem the most reasonable to me in conditions we have now ( my subjective opinion ), but there are much more options, and market might find new buyers or sellers on different zones/levels of interests, because as I said above Market is not static . Hope this information has been useful to you and you will be able to turn it into profitable information. If so please hit the like button and follow this channel in order not to miss new ideas. Also share your charts below, give your opinion on this idea and your own thoughts about Bitcoin. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
COINBASE:BTCUSD
by Anpu
12
Bearish Moves Are Still On The Table? (BTC)Hi Team! Welcome to today's update on the world of Bitcoin. We have seen quite a few flags forming recently and lots of respect of the 3750 quarter level with the price action that has happened. Although I will not count out the possibility of seeing a movement up to 3860-3900 as this is the liquidity capture scenario we looked at yesterday... it is becoming increasingly likely that we can expect to see a movement of price down to 3500! On the chart are a few trendlines that have been acting as reliable technical indicators as well as our zones of significance in relation to support and resistance. We have a large bearish candlestick from the previous week to consider and even though January 15's daily chart gave us a bullish engulfing candlestick... it was immediately met with resistance from sellers and the following day closed bearish. Cryptocurrency on a macro level is still in a bearish environment so if you're looking for opportunities - be mindful that there is still downside risk! This analysis is not meant to constitute as financial advice, please use risk management and trade/invest at your own risk! Stay safe in these volatile markets friends, Z ~
BITFINEX:BTCUSD
by ZacharyHogan
4
Basic Candlesticks & Patterns- Keep Them In Mind When Trading!!!Just like learning a new language, trading has it's own language too. If you would like to be profiting & consistence in trading, you need to learn the language of CANDLESTICKS & PATTERNS. On attached GBPUSD 15 mn chart, here are some examples of candlesticks & bearish/bullish patterns. You should put candlesticks & patterns on all time frame charts, so you can enter trades in safe places & trade with current trends too. Good website to refresh or learn basic candlesticks or bullish & bearish patterns is: candlesticker.com
by Anbat
Intraday Bullish Momentum swingThis is a follow up and actual trade taken by myself. I placed a short term buy today at 10:30A.M on AUDUSD simply because lower lows ceased being formed at a key support level. After a strong bullish correction trendline was broken then on the 4Hour the 8Moving Average crossed to the upside of the 21SMA. that's relevant because it lags behind price. The 1 hour provided some reversal signals at a clear support and the trade was essentially taken based on pure candlestick analysis. I love trading reversal candlesticks on top of support. Especially after a market gap on Sunday. I believe a potential inverted head and shoulders is on the way after price failed to make a lower swing low and is now attempting to create a new swing high. Potential short term up trend beginning with indecision candles then a bullish engulfing on top of a weekly support.
Long
by DesharedPierreJr.