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Candlestick Analysis

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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 PRO NZDUSD, 240, Short ,
NZDUSD: Short setup on NZDUSD
184 2 12
NZDUSD, 240 Short
Short setup on NZDUSD

Hey guys, the background has not changed here, price is always in a key structure daily zone and i'd want to short it again. Right now we have a divergence on lower timeframes along with a pinbar+engulfing candle at the end of it. This is what makes me think we're headed lower. Order's set, let's see. Trade safe! If you have any question, feel free to comment ...

FreshOilTrader FreshOilTrader PRO USOIL, D,
USOIL: 4 trades based on Heikin-Ashi candles
176 0 9
USOIL, D
4 trades based on Heikin-Ashi candles

If you follow my setups you probably paid attention that I have started to use Heikin-Ashi candles recently. I just fresher making my first steps in this technique. I have created 4 forecast based on Daily candles. Main characteristics of a technique: 1/ Heikin-Ashi price bars are averaged and calculated by the formulas. 2/ They support in finding a trend. 3/ ...

Totodrilo Totodrilo PRO AUDUSD, D, Short ,
AUDUSD: AUDUSD Short
94 0 9
AUDUSD, D Short
AUDUSD Short

Second Idea. we should wait for 2 bars to confirm the bearish trend.

FUNTRADER-Vera FUNTRADER-Vera PRO USDCHF, 240, Long ,
USDCHF: USDCHF: box magic from the bottom again
115 0 8
USDCHF, 240 Long
USDCHF: box magic from the bottom again

USDCHF has a box magic from the bottom again. Similar ? Yes, check our analysis on AUDNZD. Less is more!

tupaitrader tupaitrader NZDJPY, D, Short ,
NZDJPY: NZDJPY sell at supply
28 0 5
NZDJPY, D Short
NZDJPY sell at supply

sell at supply. This is weekly. Wait for retracement at daily chart before sell.

DannRV DannRV AUDUSD, 240, Short ,
AUDUSD: re-test fibb xpansion
24 0 4
AUDUSD, 240 Short
re-test fibb xpansion

wait for retest previous high with divergence price action at level on price range and go

ferranmola ferranmola MTSE, D, Short ,
MTSE: MTSE - 1st opportunity Short
2 0 4
MTSE, D Short
MTSE - 1st opportunity Short

Como concreté en la 1a idea long (proponía entrada tras correción para buscar long position) Oportunidad short con Risk/reward 2,33. Buscar correción hasta fibo 0.5 (candlestick pattern de entrada) stop si supera vela actual.

DollarBuddha DollarBuddha PRO GBPUSD, 240, Long ,
GBPUSD: Pre-Breakout Buildup on GBPUSD (LONG)
35 2 3
GBPUSD, 240 Long
Pre-Breakout Buildup on GBPUSD (LONG)

---- ANALYSIS ---- ... After breaking above Daily S/R line (1.3050) on Jul-14, price retraced to roughly 1.3000 ... Since then, Price has tested S/R line repeatedly and formed five (4h) doji candles within the last 24 hours ... Expectation is for possible Bullish breakout above 1.3050 in the 50-80p range ---- ACTION(S) ---- ... Waiting for confirmation of ...

DannRV DannRV GBPAUD, 240, Long ,
GBPAUD: GBPAUD Game Plan
16 0 3
GBPAUD, 240 Long
GBPAUD Game Plan

plan : Still falling to fill the gap + structure ( demand zone ) if we have a good price action we going long, settin the sl below last low

tupaitrader tupaitrader AUDUSD, 240, Long ,
AUDUSD: AUDUSD break resistance
33 0 2
AUDUSD, 240 Long
AUDUSD break resistance

find entry on market retracement

disobey disobey GBPUSD, D, Short ,
GBPUSD: Fibo
16 0 2
GBPUSD, D Short
Fibo

Fibo

HenryHernandez HenryHernandez HTZ, D, Long ,
HTZ: Long term trade on HTZ. Bull
38 0 9
HTZ, D Long
Long term trade on HTZ. Bull

After apple´s agreement with HTZ, the market have bought the tock and have increase 80% in 17 days. Even thought it seems enough, I am think we can reach the Daily 200MA after a gold cross between the 9MA and the 200 MA in a 4 hour TF.

nrkcuru8 nrkcuru8 PRO JNJ, D, Long ,
JNJ: JNJ long today at the opening
43 0 10
JNJ, D Long
JNJ long today at the opening

very good major up trend. the poolback ends with OKR reversal pattent stop loss is 131NYSE:JNJ

honeyuyu123 honeyuyu123 USDCHF, D, Long ,
USDCHF: USDCHF Daily Bat Pattern
40 0 7
USDCHF, D Long
USDCHF Daily Bat Pattern

USDCHF completed the bat pattern today, to trade the bat perfectly we'll have to risk about 100pips. While like how I applied harmonic pattern these days, I'll wait for the following potential reversal sign to long USDCHF rather than put a buy limit to fight with the trend. 1. Significant inside bar breakout 2. Hammer 3. Double bottom Not only on the daily chart ...

eazywayout eazywayout CADJPY, 240, Long ,
CADJPY: CADJPY 4H:
21 0 4
CADJPY, 240 Long
CADJPY 4H:

Price still in 4 Hour uptrend channel.Price hit 50 fibonacci level, and now is floating above the 61.8 fibonacci level. look for bullish engulfing pattern and breakout of daily resistance. Price looking to find a new high! Chart analysis (For educational purposes only)' GOOD LUCK! -eazywayout

DMFXINVESTMENTS DMFXINVESTMENTS GBPUSD, D, Short ,
GBPUSD: GBPUSD OUTLOOK
19 0 9
GBPUSD, D Short
GBPUSD OUTLOOK

Price may possibly reject the current resistance level. Lets wait and see.

THANES33 THANES33 AUDUSD, 240, Long ,
AUDUSD: AUDUSD LONG
99 0 8
AUDUSD, 240 Long
AUDUSD LONG

ON THE DAILY CHART,WE HAVE BEEN LOOKING AT STRONG BULLISH CANDLES SHOWING GOOD UPSIDE MOMENTUM. A BREAK OFF THE 0.79000 BARRIER IS ALSO A GOOD SIGN,WITH PA RETESTING THAT KEY AREA,WE COULD SEE A CONTINUATION TO THE UPSIDE,NEARING THE 0.80000 ZONE. BESIDES, THE EMA'S ARENT LOOKING TO CROSSOVER ANYTIME SOON MEANING THAT THE BULLISH BIAS IS STILL INTACT.

majidaahussain majidaahussain GBPJPY, 240, Short ,
GBPJPY: Short from the top again
91 1 8
GBPJPY, 240 Short
Short from the top again

A good opportunity to go short again from the TL.....

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