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.
GBPCHF Sell Opportunity. H&S pattern formation. Spinning top on daily TF (top of right shoulder). Look for trendline breakout on 4hr TF to go short (confirmation of sell signal) Good luck.
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I think that price will continue Down
I open sell
Because:
-Trend is Down
-Potential reward will be 1 to 2
-We have a triangle signal in 30m
-We have a Engulf candle stick pattern
Hello all
Although on a low time frame - with stock markets closing negative for the day - I do expect JPY to become stronger in the coming days and in turn safehaven flows to head also into Gold.
Potential long position after engulfing candle at Support.
It may be too early to enter this trade, therefore smaller risk size applied, intend to add to positions...
Hello ALl
I am looking to enter a second trade in USD JPY Short to add to my position of my first trade, whilst also moving my SL above the new swing high that will be formed in the next few hours.
I have placed a sell stop below the low of the last hourly candle.
Thanks for looking
Since last Saturday i've been anticipating this move and finally it's here, at first i took my entry on the first M5 candle rejection @145.756 because it showed promise at the time, but i got stopped out so i waited for price to coordinate with the retail sales news. A few minutes before the news, price started holding support then i got an M5 rejection again so i...
There is an inside bar formed at the bottom of the support level
If it breaks up we want to be in the trade.
Thank you for your comments and likes.
Good luck.
a look at gold on montly. december was a bullish month, january is probably a bit of a breather month, and then it takes revenge in february possibly touching $1360 or thereabouts :)
TL;DR
Target for february is $1360 for now. Alot can change in the meantime so will have to revise :P I probably wont be updating this idea any further tho.
Have a nice day.
Vou descrever resumidamente.
A formação de uma torre (marcada em amarelo) mostra uma mudança na tendência. Você pode notar que depois da formação da torre toda a força com a qual o papel estava subindo nos últimos meses desapareceu.
A formação de uma torre (marcada em amarelo) mostra uma mudança na tendência. Você pode notar que depois da formação da torre toda...
I hate picking sides, especially when two of my favorite friends are fighting...
I've made a lot of money with the 200MA... and made a lot of money with the 200EMA.
I just wish they would get along, but alas...
This is a pretty unique situation for Bitcoin to be in, where the price is now trapped between the 200EMA and the 200MA.
In a very simplistic view, I...
Swing trading! Here i am showing you a behind my technical analysis, you can see better why i entered in one of the better setup i had in the year. doji formations and a beautiful head&shoulder pattern
Gold 4H Buy Plan
1284 is tested and support well
Now price has rally from this level and made a retest
(look at the wick) of this candle.
Therefore we can buy gold now, SL 1284
AIM 1304
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