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Candlestick Analysis

USDCAD BULLISH MOMENTOMOverview Currency Pair: USD/CAD Timeframe: 4-hour chart Current Price: 1.38372 USD/CAD (with a slight decrease of 0.00038 or -0.03%) Key Levels Buy Stop: 1.40400 Stop Loss (SL): 1.38874 Take Profit (TP): 1.41532 The chart shows a recent downward movement, indicating a bearish trend. This decline is evident from the current price of 1.38372. Stop Loss (SL) at 1.38874 acts as a critical support level. If the price drops below this, it could indicate further downside movement. Low Price: 1.35686 provides a historical support level. Take Profit (TP) at 1.41532 is the immediate resistance level. If the price reaches this level, it indicates potential selling pressure. High Price: 1.41058 is another significant resistance level. Consider entering a buy position near the Buy Stop level of 1.40400. This level is strategically placed above the current price, indicating a potential upward breakout. Monitor for bullish candlestick patterns (e.g., hammer, bullish engulfing) near this level to confirm the buy entry. increased trading volume near the buy stop and take profit levels can confirm strong buying or selling interest.
Long
by sicmine
POLKADOT, TIME TO LEAVE THE HELLAltcoin Time: Polkadot Bullish Swing Trading Polkadot is showing several bullish signals: PML being disrespected PWL being disrespected PWH being disrespected PDL being disrespected PDH being disrespected Daily Bullish FVG being respected 4H Bullish FVG being respected 4H Swing Low being disrespected Bearish Argument: 4H Swing High is being respected Altseason seems to be brewing, but as day or swing traders, we must remain cautious about short-term movements. Ignore the noise on social media and rely on your analysis and experience. Risk management is everything. If you risk more than you can afford to lose, you’ll end up emotionally drained. Protect your mindset by applying proper risk management techniques. Risk-to-Reward (RR): 5.2
Long
by Jaytradermb
Supply Zones and Demand ZonesGood day Team I hope you all are well. Paper Trading I do not have money like you rich people on here. Lol :-) Here we have POLYGON on the day chart, it seems the currency is in a supply zone close to a resistance and last candle was a long wick candle indicating a struggle between buyers and sellers. RSI looks like it is reversing from the overbought area. We theorized a possible pull back to one of the DZs (demand zone) below. Let's watch these candle prints and be very careful. Have a great day!
CRYPTO:MATICUSD
by paper_Trader1775