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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.
honeyuyu123 honeyuyu123 XAUUSD, 60, Short ,
XAUUSD: XAUUSD Harmonic Patterns, Inside bar, and structure combination
199 2 8
XAUUSD, 60 Short
XAUUSD Harmonic Patterns, Inside bar, and structure combination

XAUUSD rallied since the FED announcement, while the price here I got several reason to give the short a shot. The Bat pattern is not a perfect one as B point didn't retrace enough to 0.382 of XA, while when there are 3 reasons combination, it's good enough for me. Plan: Short @ 1287.40 with an out @ 1290.40 , 1st kick @ 1284.40 Let's see how it goes

Logicmn Logicmn NEOBTC, 60, Short ,
NEOBTC: Head & Shoulders Forming On NEO
140 2 2
NEOBTC, 60 Short
Head & Shoulders Forming On NEO

A very clear head & shoulders pattern has formed on NEO. This pattern usually indicates incoming bearish movement. Be careful if you are buying into NEO now, I expect it to drop down even further before bouncing off .007 - .0075 support. It's possible we see a bounce at .009 as well. Good luck! Join our trading community here on Discord: https://discord.gg/d73dwtm

ichimokucharts ichimokucharts AUDUSD, 60,
AUDUSD: Minor pullback to support for slightly overdone AUD/USD?
22 0 3
AUDUSD, 60
Minor pullback to support for slightly overdone AUD/USD?

Following an extreme trading day with the market testing to the 3rd PP level, we don't tend to see strong follow through the next day. We are likely to see the market either pullback or go sideways for a day, with the buyers likely to resume in a day or two. If we do see any upside, it probably won't be of the magnitude of the extreme day. The 1StD Bollinger ...

danieldow danieldow GBPUSD, 240, Long ,
GBPUSD: GBPUSD
20 0 3
GBPUSD, 240 Long
GBPUSD

Bullish engulfing candle and double bottom at daily support zone. Also the third touch of daily trendline. Break and close above H1 counter trendline.

DavidCkChoo DavidCkChoo PRO RUT, D, Short ,
RUT: RUT
14 0 3
RUT, D Short
RUT

Small lot on Price Action based on D1 candle. RUT, Short SL above Tail, TP double candle size. Sell Stop 1379.80 SL 1393.50 TP 1375.10 or Buy Put on 90 DTE options with condition buy at market when stock price hit or below 1379.80 OCO on above SL and TP condition.

Krystiannwk Krystiannwk RADSBTC, D, Short ,
RADSBTC: Radium is it ready to go lower ?
78 0 2
RADSBTC, D Short
Radium is it ready to go lower ?

There are two quite visible head and shoulders formation on daily or weekly chart. THere are two gaps based on the weekly chart which are very nicely respected by current market. I market with yellowish rectangle the perfect rejection of the attempt to go higher. GAP erased all gains and pushed pair lower. I don't see reason why this pair couldn't go as low as ...

TradeRunnerFX TradeRunnerFX AUDJPY, D, Long ,
AUDJPY: AUDJPY Long
39 0 2
AUDJPY, D Long
AUDJPY Long

Target at 91.150

ichimokucharts ichimokucharts EURJPY, 60, Short ,
EURJPY: EUR/JPY looking like it wants to become bearish
19 0 2
EURJPY, 60 Short
EUR/JPY looking like it wants to become bearish

EUR/JPY is looking like it wants to become bearish on the hourly charts. We're seeing some negative trading below the lower 1StD Bollinger Bands. If it closes in a strongly negative manner (bearish candle) below the swing low at 129.48, we could see USD/JPY trading down to the S1 Pivot Point level at 129.27. Remember, we need to see that bearish close.

Bibis.Trader Bibis.Trader LTCBRL, D, Long ,
LTCBRL: Comprador (Harami Cross)
11 0 1
LTCBRL, D Long
Comprador (Harami Cross)

Hoje é o 'dia da confirmação se essa Cruz Harami se fará verídica. MERCADO:LTCBRL Harami Cross é um sinal de reversão e o candle positivo no 'dia seguinte do Doji confirma essa tendência. Acredito que agora é o melhor momento para a compra. Me abstenho de valores de compra, mas acredito no alvo aos R%170~ (78% fibo). MACD e o RSI não mostraram sinal de reversão ...

adam89 adam89 PRO EURJPY, D, Short ,
EURJPY: EURPJY - SHORT
7 0 1
EURJPY, D Short
EURPJY - SHORT

Pin bar set up on daily chart - Check at End Of Day Support at long term trend line Moving average crossover

adam89 adam89 PRO GBPJPY, 240, Short ,
GBPJPY: GBPJPY - SHORT
20 0 3
GBPJPY, 240 Short
GBPJPY - SHORT

Pin bar on daily chart Sell entry order @ 50% retrace of daily pin bar Entered @ 142.7

Krystiannwk Krystiannwk EURUSD, 60, Short ,
EURUSD: EURUSD is preparing for something
95 0 4
EURUSD, 60 Short
EURUSD is preparing for something

We have nice three black crowns formation on daily. There is double bottom which in my opinion is kind of false signal. It is pushing pair higher but it seems to me that the bulls power is not enough and EURUSD is preparing to go lower towards 1.500.

brewthedrew19 brewthedrew19 USDJPY, D, Long ,
USDJPY: USDJPY LONG POSITION ON WEDGE
42 0 3
USDJPY, D Long
USDJPY LONG POSITION ON WEDGE

A long position on usdjpy will be held until the 112.3 level. This should become the breaking point of the wedge allowing a continuation of an upwards trend

vpresident vpresident OMGBTC, 30, Long ,
OMGBTC: OMG (looking good)
154 0 3
OMGBTC, 30 Long
OMG (looking good)

The second leg up confirmed

maguila057 maguila057 GDX, M,
GDX: GDX MONTHLY SPRING?
62 0 3
GDX, M
GDX MONTHLY SPRING?

Calm before the shinny storm?...

justinholtgrave justinholtgrave USDJPY, D, Long ,
USDJPY: USDJPY - Bullish Engulfing
71 0 3
USDJPY, D Long
USDJPY - Bullish Engulfing

USDJPY has formed a bullish engulfing on 8/14 after the near doji candlestick formed on 8/11 that broke strongly out of the lower Bollinger Band. I have entered at the open of the market on 8/15 after the close of the bullish engulfing. The 8/15 strong bullish confirmation candlestick confirms this setup. SL set below previous lows, TP set slightly below previous ...

Roker1 Roker1 PRO EURNZD, 240, Short ,
EURNZD: Short confluence on EURNZD
200 2 19
EURNZD, 240 Short
Short confluence on EURNZD

Hey guys, here on EURNZD i'm ready to go short. Do you want to know why? Here's explained: first of all, i've outlined a key structure on the daily chart (yellow box), then i lowered my timeframe to 4hr chart and there i saw different clues pointing on the same reversal direction. We've a Gartley pattern completed and still valid, we've an AB=CD pattern just ...

Jahid Jahid EURNZD, D,
EURNZD: EURNZD Price Action Trade Idea
120 1 11
EURNZD, D
EURNZD Price Action Trade Idea

Trade with care ....

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