wick

11021992 11021992 TOP USDJPY, 240, Long , 2 months ago
USDJPY: USDJPY: All aboard the train!
892 22 24
USDJPY, 240 Long
USDJPY: All aboard the train!

Hi traders, On the USDJPY I'm entering long, based on the wick that was formed during the last 4H candle, indicating some real bullish power. Entry: 116.677 Stop: 116.137 Target 1: 117.638 = R:RR 1.78 Target 2: 118.585 = R:RR 3.53 Good luck guys! Updates will follow.

tonz_of_gunz tonz_of_gunz XAGUSD, 60, Short , 8 months ago
XAGUSD: XAGUSD WICKS AT KEY RESISTANCE ON H1
140 5 12
XAGUSD, 60 Short
XAGUSD WICKS AT KEY RESISTANCE ON H1

Silver will have some trouble on breaking above the resistance so i am expecting some pullbacks first.

GMS_Trd GMS_Trd AUDCAD, D, Short , a year ago
AUDCAD: AUDCAD Bearish Engulfing at Resistance
12 0 1
AUDCAD, D Short
AUDCAD Bearish Engulfing at Resistance

Three main reasons for selling: 1. Very long at resistance 2. Psychological level of 1.00 3. Current body engulfs previous candle body Entry at current levels: 0.99 Stop Loss: Above the high of candle, 1.007 Take Profit: Trailing exit but ideally 0.96

gb50k gb50k PRO SPX, W, a year ago
SPX: SPY missing wick: Rally a monthly wick
332 4 9
SPX, W
SPY missing wick: Rally a monthly wick

A 'bottom wick' can be formed on the monthly chart by having an all green/up week. When combined with the red candle at the monthly level - Creates the dynamic of a 'bottom' where the bears push price down to a limit and the bulls succeed in fighting back and bring price back up - and the bottom is formed. Looking at the weekly chart for SPX or SPY their are ...

gb50k gb50k PRO SPX500, W, a year ago
SPX500: SPY missing wick: more pain to come
134 1 8
SPX500, W
SPY missing wick: more pain to come

Bottom candles tend to have a lower wick. This represents the bears bringing down the price and the bulls overcoming the bears and bringing price back up. Hence the 'bottom' Last week SPY decline lacks a wick. Suggests more Down to come.

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