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.
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
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.
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...
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.
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 ...
TXN shows a cross-over on MACD at Fibonacci Retracement 0.500 and on 1 hr. chart likely having a short dip below $97 entry area. Recently increased their dividend nicely over last 5 years as well.
Been watching them invest in R&D and they have chips in growing markets for 5G, automotive, communication and industrial.
In the last 12 months, TXN has returned...
The pair has been trading in a range for quite a while, but the market is playing with us, make us think that the pair could go up.
we analyze how could go for the coming weeks, so a long term analysis, trade with own awareness. #forex
We do not take any responsibility for your trades!
have a nice weekend
OMFOREXHELP
STAFF
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
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
AMD had a very strong 30% move from 19 to 25, and it's having a nice little pullback here.
Yesterday was an inside day and I would love to long the breakout today!
If it breaks to the downside, this trade doesn't exist anymore.
Let's see how it goes!
What's coin on guys?
Daily candle closed as a shooting star, and that is indicating that bears have responded with great volume. We might see a stronger pullback in the next few days, but, anything is possible as always...
gl
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
