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.
hey guys,
I have a very high probability trader for you on euro yen:
as you see the market is really reactive to 125.46 level.
today we see a clear rejection of this level.
now we have completed double top pattern.
we just need to wait until the market closes below a local support...
Pair: EURNZD
Trade: Long
Time Frame: D1
Strategy: INSIDE BAR with BULLISH BAT PATTERN
Don't forget to use %2 Risk Management.
All details available on the chart, but if you need - please comment and let's discuss.
Please support the setup with your likes, comments and by following on TradingView.
Hi, dear Amid_Mammad Family, we have a new trading opportunity.
Targets are on screen.
Trade with care and use good money management.
Hopefully, you found this helpful!
If so please like or comment, your feedback is appreciated!
GBPUSD
As I mentioned in 2/14, pound will have rising opportunity in following days.
I recommend to buy at 1.2795, moreover, if u didn't get on the train, buy limit at 1.2893 and anticipate to challenge trend line pressure at 1.2920.
Like if you trade, make Ideas or comments with me :D
USDCHF 1 strong rejection candle bar at the resistance area. Waited for the second candle for a confirmation, turns out to be a bearish doji candle. Shows strong rejection at resistance area. A risk and reward of 1.37.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas...
Should have published this last week. SVM is good play on Silver to Gold ratio and VIX about to shank some sharks.
Below $2.25 would've been good entry for short hold. Still an options play.
SLV might be another as broader fund.
After the spike above the MA we had opened a window which has been closed soon however. Now that we fell back below the MA as well we may consider the spike up as a false one.
USD/MXN has been giving us some serious pips since November! We captured over 1,400 on the latest sell-off, followed by 400 plus pips recently on a short-lived buy. If you refer to my linked idea below related to the reversal after the drop, you will see in my updates how the 200 MA provided resistance, to which I immediately closed my buy position. This area also...
eurusd bullish inside bar break up
yesterday the fomc is quite dovish, and eurusd make
a new high.
now 4h chart there is an inside bar break up
Buy from 1.1495, SL 1.1475
TP1: 1:1 RR
TP2: 1:2 RR
TP3: 1.1720
GBPJPY 4H Bearish Engulfing
at important resistance structure
Price also reach the top of the wedge
Sell GBPJPY at 143.73
SL 144.30
TP1: 142.20
TP2: 140.50
Price move to Resistance in daily and touch it
Uptrend Momentum is decreased
in H4 price break the trend line with strong Bearish candle
Sell under the bearish candle
Target on the next support
If price break the Resistance upward
after Pull Back buy it due to the uptrend momentum ...
ATVI had a disappointing earning report and dropped sharply to be cut to half from it peak.
Bad forecasting, bad growth rate, layoff........and so on.
There must be some problems yet to be solved for the company, while in terms of technical chart, it could be an opportunity, too!
Here we got this inside day after earnings and it's off the gap support, BABA had a...
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