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Candlestick Analysis

Long trade Pair: AUDJPY Mon 1st Dec 2025 – 2:45 PM NY Session PM 🟦 Trade Details Direction: Buyside Entry: 102.270 Take Profit: 102.426 (+0.153%) Stop Loss: 102.250 (0.020%) Risk-to-Reward: 7.8R 🟩 Market Structure Price formed a higher-low formation during the NY PM session. Shift in structure occurred after: Displacement candle breaking above short-term swing highs A micro-BOS on M5 confirming bullish orderflow. Continuation supported by EMA/WMA flipping upward and acting as dynamic support. 🟨 Liquidity Story Pre-NY PM liquidity engineering took place below 102.20: Multiple sell-side liquidity lows swept Followed by aggressive bullish displacement Target: Buy-side inefficiencies above 102.30 Liquidity resting in the 102.33–102.36 zone Model Type: Sell-side sweep → Displacement → Buy-side delivery. 5min TF overview 🟪 Fair Value Gaps & PD Arrays Confluences supporting the long: Bullish FVG created post-sweep provided mitigation level for entry Demand pocket around 102.24–102.27 anchored the long Price respected 200 WMA & 50 EMA as stacked support Entry confirmed by FVG retest + premium/discount alignment (discount pricing). 🟥 Model / Entry Logic Model used → ICT Bullish Reversal Model: Sweep of sell-side liquidity Displacement to confirm bullish intent Retracement into FVG / Discount Zone Entry at 102.270 using refined M5 structure Targeting clean inefficiencies and resting buy-side liquidity Tight SL (102.250) allowed for high RR (7.8R). 🟧 Session / Narrative NY PM tends to continue earlier directional bias or complete the cycle from NY AM. Market sentiment: JPY weakened modestly into the NY PM window AUDJPY aligned with risk-on flows Volume increased as NY PM liquidity entered the market, validating bullish continuation. 🟫 Outcome Trade in session:
Long
by davidjulien369
Short trade 📕 Sell-Side Trade 🟦 Trade Details Pair: USDCAD Date: Mon 1st Dec 2025 Session: LND to NY Session AM Time: 6:30 AM Model Type: Sell-Side Trade 🟥 Entry & Levels (Updated) Entry: 1.39786 Profit Level (TP): 1.39065 (0.516%) Stop Level (SL): 1.39864 (0.056%) Risk-to-Reward (RR): 9.24 🟨 Trade Context Price traded up into a premium HTF distribution zone, completing the retracement after the previous liquidity sweep. Market printed equal highs → sweep → rejection, confirming engineered liquidity. A clean MSS (Market Structure Shift) formed once price broke below the internal structure. The 1-minute chart aligned with the HTF 15-minute bearish displacement already underway. The Daily Open + WMA/EMA confluence acted as overhead resistance once price failed to reclaim it. Timeframe: 1-minute (LTF execution inside HTF displacement) 🟨 The macro narrative shows a multi-day premium sweep of the range high at 1.4140, followed by heavy distribution. Price delivered a liquidity sweep above the internal high cluster (yellow circles), then rejected strongly. A key mitigated FVG zone at 1.39790 – 1.39930 aligned with the 0.382–0.618 Fibonacci retracement range. Displacement broke the bullish internal chain, giving a confirmed MSS → BOS into bearish order flow. 15min TF overview 🟪 Sentiment & Narrative NY AM session typically fuels continuation of London’s directional intent — in this case sell-side pressure. USDCAD macro sentiment showed CAD strength supported by oil volatility + USD corrective flow. Persistent inefficiencies below act as magnets for a corrective re-pricing phase after the premium sweep. 🟫 Outcome Trade in session Trade logic: Sweep → MSS → Displacement → FVG Entry → Continuation.
Short
by davidjulien369
FireHoseReel | SKY Is Gaining Strong Momentum🔥 Welcome to FireHoseReel ! Let’s check what SKY is setting up right now. 👀 SKY – 4H Overview SKY has managed to recover its recent price drop very well over the last few 4H candles and is now approaching a major breakout resistance. If this bullish leg continues, SKY could experience further upside expansion. 📊 SKY Volume Analysis Volume has increased clearly during the recent rise. If the upcoming pullback is accompanied by decreasing volume, followed by a renewed expansion in buy volume and an upside move, this would serve as a strong confirmation of trend continuation. ✍️ SKY Trading Scenarios 🟢 Long Scenario A pullback toward the $0.05582 resistance, followed by lower corrective volume, and then a strong volume expansion after confirming resistance-as-support, could activate our multi-timeframe long trigger. 🔴 Short Scenario A break below the key support at $0.04893, accompanied by heavy selling pressure, could provide a valid short setup for SKY. ❤️ Risk Management & Emotional Discipline Crypto trading is highly risky. Without proper risk management and emotional control, trading is no different from gambling. Logic must always come before emotions. Learn to manage your trades, and enjoy the process of trading with control and discipline.
Long
by FireHoseReel
FireHoseReel | SUI Under Strong Accumulation Pressure🔥 Welcome to FireHoseReel! Let’s jump into the SUI analysis. 👀 SUI – 4H Overview After forming a double-bottom structure around $1.34, SUI has started moving higher and is now approaching its major resistance with strong buying momentum. 📊 SUI Volume Analysis SUI volume has increased significantly, while selling pressure has weakened. This shift is allowing price to move higher smoothly. As long as buy volume remains sustained, SUI can continue the upside move it has initiated. ✍️ SUI Trading Scenarios 🟢 Long Scenario A break above $1.5855, confirmed by continuing buy volume, activates the long setup. Ideally, wait for a reaction → pullback with lower volume → renewed volume expansion to enter with an early trigger and better risk control. 🔴 Short Scenario A break below the current double-bottom support at $1.3144, accompanied by a strong increase in sell volume, could provide a valid short setup. ❤️ Risk Management & Emotional Discipline Crypto trading is highly risky. Without proper risk management and emotional control, trading is no different from gambling. Logic must always come before emotions. Learn to manage your trades—and enjoy the process with control and discipline.
Long
by FireHoseReel
Short tradeSell-Side Trade Pair: GBPAUD Mon 2nd Dec 2025 — 8:30 AM NY Session AM 🟥 Trade Details Direction: Sell-side Entry: 2.01331 Take Profit: 2.00827 (+0.25%) Stop Loss: 2.01436 (0.52%) Risk-to-Reward: 4.8R 🟧 Execution Context NY AM open delivered premium distribution pricing Clear liquidity grab (highlighted blue Fib zone 0.618 -0.328 & FVG) above micro-swing before displacement Bearish orderflow confirmed by: Break of Structure (BOS) to downside Displacement candle Retest into bearish FVG + Order Block Entry taken at optimal 0.75 (PDArray) retracement inside imbalance 🟦 Market Structure M15 + M5 structure already bearish on the day Lower highs across London into NY Price broke: London low, Asia low & Internal liquidity taken → for a continuation setup, HTF (H1) aligned with bearish flow Compression pattern preceding the drop confirmed exhaustiveness 🟪 Liquidity Story Pre-NY sweep of the liquidity low marked on chart Price engineered buy-side liquidity for distribution Orderflow transitioned to: Sell-side targeting: 2.01131 (−0.618 level) 2.00827 (TP, external liquidity pocket) Multiple FVGs stack above mark → clear rejection zones 🟩 Model Confirmation SMC + ICT Model Alignment: Liquidity grab → displacement → FVG → confirmation entry: All PD arrays aligned: Premium pricing FVG Bearish OB Retracement into imbalance RR 4.8 🟫 Narrative & Psychology Market offered a counter-trend bounce trap Retail longs positioned after the wick sweep Smart money distributed into premium We assume we are in the NY AM expansion phase Strong conviction supported by consistent session behaviour 🟩 Outcome / Trade Status Currently in progression / tracking toward sell-side targets Strong follow-through momentum observed Clean trend delivery expected into NY PM continuation
Short
by davidjulien369
FireHoseReel | BNB Daily Analysis #13🔥 Welcome to FireHoseReel ! Let’s dive into the Binance Coin ( BNB ) analysis. 👀 BNB – 1H Overview After the recent decline, BNB has entered a new short-term structure and is now moving toward the $871 resistance with strong momentum and rising volume. One or two clear reactions to this resistance, followed by a confirmed breakout, could activate our long trigger. 📊 Volume Analysis Volume is the key factor to monitor here. During BNB’s corrective move after the bearish leg, buy volume was decreasing. However, once the multi-timeframe resistance at $833 broke, buy volume expanded sharply, marking a sentiment shift that traders needed to react to. ✍️ BNB Trading Scenarios Below are the active scenarios you can use alongside your own trading strategy: 🟢 Long Scenario A break above $871 with rising buy volume can activate a long setup. The second touch and breakout usually offers a better risk-to-reward with a tighter stop. 🔴 Short Scenario The formation of bearish patterns such as failure swing, non-failure swing, or double top, confirmed by volume, can provide a valid short setup. ❤️ Risk Management & Emotional Discipline Crypto trading is highly risky. Without proper risk management and emotional control, trading is no different from gambling. Logic must always come before emotions. Learn to manage your trades—and enjoy the process with control and discipline.
Long
by FireHoseReel
Nifty Analysis EOD – December 1, 2025 – Monday🟢 Nifty Analysis EOD – December 1, 2025 – Monday 🔴 Upper Rejection at 26,150; Bulls Lose Ground But Hold 26K. 🗞 Nifty Summary The Nifty opened with a significant 78-point Gap Down and slipped further by 20 points, eventually finding initial support at the 26075 level. The ensuing 77-point recovery attempted to fill the gap, but the 26150 resistance zone proved too strong, aggressively pushing the index back down toward the day’s low. Subsequently, the market stayed range-bound within the 26050 ~ 26100 zone. The continuous pressure from sellers, who seized every rise as a selling opportunity, ultimately pushed the Nifty below 26K, marking the day low at 25,997.85. After a late 62-point recovery, Nifty closed at 26,032.20, marginally above the psychological 26K level, but with a loss of -143.55 points (-0.55%). The weak candle close, following the failure to hold the PDL in the first half, reflects significant buyer weakness at important levels. 🛡 5 Min Intraday Chart with Levels 🛡 Intraday Walk The day’s price action began below the previous day’s low (PDL), showing immediate seller dominance. The early bounce back toward the gap area was a clear failure (False Breakout) at 26150, confirming supply was active. The subsequent consolidation around 26050 was eventually broken down, testing the 26K round number. This persistent downward drift—where every rise was sold into—indicates a controlled distribution phase. The late recovery, while closing Nifty above 26K, is still precarious. I am cautiously viewing today’s move as potential manipulation ahead of the weekly expiry, contingent on tomorrow’s open. For the bullish scenario to resume, a tomorrow’s open above 26100 is crucial. 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 26,087.95 High: 26,154.60 Low: 25,997.85 Close: 26,032.20 Change: −143.55 (−0.55%) 🏗️ Structure Breakdown Type: Bearish candle with a long upper wick. Range (High–Low): ≈ 157 points — moderately high volatility. Body: ≈ 56 points — reflecting controlled yet persistent downside pressure. Upper Wick: ≈ 66 points — a clear signal that buyers attempted to push higher but faced strong rejection near the highs. Lower Wick: ≈ 34 points — buyers provided some support near 26,000 but lacked the strength to reverse the trend fully. 📚 Interpretation The long upper wick is the most important feature, demonstrating strong supply overwhelming early buying enthusiasm. The market’s inability to sustain above 26150 and the close below the open suggest that overall sentiment remains weak. The mild recovery into the close indicates defense of the 26,000 psychological support, but the continuous pattern of rejections at higher levels is a primary concern. 🕯 Candle Type Bearish Candle with Long Upper Wick (Selling Pressure at Higher Levels) — Indicates distribution and potential continuation lower unless a strong bullish confirmation emerges. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 195.37 IB Range: 86.25 → Small Market Structure: ImBalanced Trade Highlights: 10:10 Short Trade - SL Hit (Trapped, IBL Breakout) 12:17 Long Trade - Target Hit (R:R 1:2) (Mean Reversal Contra trade) 12:42 Short Trade - Target Hit (R:R 1:1.64) (Trendline Breakout) Trade Summary: The volatile, choppy session resulted in an early loss due to a false IB breakout. However, the system successfully adapted by capturing a mean-reversion long trade and a profitable short trade on the bearish trendline breakdown, validating the strategy’s flexibility in imbalanced conditions. 🧱 Support & Resistance Levels Resistance Zones: 26075 26104 26132 ~ 26160 26220 (Must breach to turn bullish) Support Zones: 26030 (Immediate Close Support) 25985 25930 ~ 25920 🧠 Final Thoughts “The fight is concentrated on 26,000.” The market is currently defending the 26030 support level. If Nifty successfully holds today’s low (25,997), it might resume moving toward a new ATH. For the downside, there are multiple immediate hurdles: 25985 and 25930 ~ 25920. Due to this layered support, I will avoid aggressive short trades; only quick, cautious shorts or contra trades are advised. Crucially, keep the 26220 level in mind for the upside. If this level is breached and sustained, aggressive long trades should be favoured, and short trades must be avoided. ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Long trade Trade Journal — AUDNZD (Updated) Buyside Trade — London Session AM Mon 1st Dec 2025 — 5:00 AM 🔵 Trade Details Pair: AUDNZD Direction: Buyside Date: 1st Dec 2025 Time: 5:00 AM Session: London Session AM 🟩 Execution Block Entry: 1.14546 Stop Loss: 1.14489 (0.05%) Profit Target: 1.14935 (0.340%) Risk–Reward Ratio: 6.82R 🟧 Model & Structure Trade follows the internal structure shift seen after the sell-side liquidity sweep Entry aligns with your 1-minute or 5-minute confirmation model PD array sequence respected: SSL (Sell-side Liquidity Sweep) sweep → BOS (Break of Structure) → FVG/OB (Fair Value Gap/Order block) → retracement entry. 🟦 Bias & Higher-Timeframe Context NZDUSD showing bullish recovery after multi-session selloff H1 discount pricing respected ? Price returns into a reactive demand block at 0.5715 ? Daily open acts as a draw above ? We assume the London expansion time window (7:00–9:30 AM) supports upside delivery ? 🟩 Outcome: Trade in session Expect continuation toward 0.57500 once retracement is filled Watch for reaction around daily open.
Long
by davidjulien369
Long trade Date: Mon 1st Dec 2025 Time: 7:40 PM Session: Tokyo Session PM Execution TF: 5-min Bias: Sell-Side / Short 🟥 1. Trade Details Pair: AUDJPY Direction: Sell-Side Trade Entry: 101.808 Take Profit: 101.279 (-0.43%) Stop Loss: 102.278 (0.46%) RR: 3.95R 🟦 2. Higher-Timeframe Context (Blue Tab — HTF Bias & Structure) HTF Bias: Bearish → Retracement → Continuation The 1H and 4H charts show: Multiple failed attempts to break above the 102.40/102.50 macro level HTF premium zone rejection (6.18 retracement + previous POI) Series of lower highs forming beneath 102.30 Break of structure leading into a newly formed HTF discount imbalance The overall context is a sell we observed a premium setup inside a bearish macro sequence. Key HTF Levels: 102.49 high → external buyside liquidity 102.20 – 102.25 → bearish rejection block 101.28 – 101.30 → Sell-side liquidity target (TP) 🟨 4. Technical Breakdown ICT Sell Side Model: Model Sequence: Liquidity Grab → Displacement → BOS → FVG Return → Short Entry Confluences: FVG + 0.25/0.5 fib level Supply block rejection Clear market structure shift Tokyo Session PM timing (low volatility → Algorithmic clean move) Risk tightly defined above rejection block at 102.27 Stop Logic: SL placed above: The 102.27 rejection block The last internal high Invalidates bearish structure if taken TP Logic: Take profit set at: Sell-side liquidity at 101.28 1.272 fib extension Previous session low cluster 🟩 5. Session Narrative Tokyo PM Session Behaviour: Clear sweep during session transition Smooth distribution after premium mitigation No opposing liquidity until session lows 🟫 6. Outcome: Trade in session
Long
by davidjulien369
Long trade 🟩 1. Trade Details Pair: USDJPY Direction: Buyside Trade Date: Mon 1st Dec 2025 Time: 10:00 AM Session: NY Session AM Execution TF: 15-min Entry: 155.086 Take Profit: 155.774 (+0.39%) Stop Loss: 155.037 (–0.03%) Risk-to-Reward: RR = 8.54R 🟦 2. Higher-Timeframe Context HTF Bias: Bullish → Bullish Continuation: USDJPY has been in a macro uptrend, consistently printing higher highs on the 4H / Daily charts. Current retracement is shallow, indicating strong buyer aggression. Key HTF Levels: Daily bullish FVG at 155.00 → 155.40 Weekly liquidity above 156.50–157.00 Daily Open reclaim gave strong directional confirmation Narrative: Price delivered a corrective pullback into discount and formed a consolidation wedge before a sharp NY AM expansion → signalling the start of a new impulsive leg. 🟧 3. Liquidity - ICT model logic 1️⃣ Sell-Side Liquidity Raid The lows at 155.014 were swept Price dipped into a 0.618 retracement + internal liquidity pocket 2️⃣ Inducement Layer Multiple equal lows created “fake support” Retail positioned short on the breakdown 3️⃣ Displacement Fast upside displacement candle at NY AM session open Breaks micro structure and invalidates bearish order flow 4️⃣ Rebalance & Entry Price returns to: Discount zone Bullish FVG (15m) Bullish Order Block EMA/WMA dynamic support 5️⃣ Buyside Liquidity Target Liquidity above 155.760 (previous NY high) tapped 🟪 5. Market Sentiment & Session Narrative (Purple Tab) Session Behaviour: London session showed compression NY session created high-volatility spike → indication of algorithmic shift Liquidity engineered below the lows was used as fuel to power the expansion Sentiment: Retail bias was bearish due to breakdown under 155.30 HTF remained bullish? USD strength increasing due to macro drivers (Fed rate expectations narrative) 🟫 6. Outcome Status: Trade in session
Long
by davidjulien369
Long trade 📘 Trade Journal — AUDNZD (Updated) Buyside Trade — London Session AM Mon 1st Dec 2025 — 5:00 AM 🔵 Trade Details Pair: AUDNZD Direction: Buyside Date: 1st Dec 2025 Time: 5:00 AM Session: London Session AM 🟩 Execution Block Entry: 1.14546 Stop Loss: 1.14489 (0.05%) Profit Target: 1.14935 (0.340%) Risk–Reward Ratio: 6.82R 🟧 Model & Structure Trade follows the internal structure shift seen after the sell-side liquidity sweep Entry Type: 1-minute PD array sequence respected: SSL sweep (Sell-side Sweep) → BOS (Break of Structure) → FVG/OB (Fair Value Gap & order Block) → retracement entry Clean displacement from the FVG triggered the continuation setup trade execution. 🟦 Bias & Higher-Timeframe Context H1 shows exhaustion into previous delivery range Clear sell-side liquidity failure at multi-session lows Price retraced into the OB + FVG cluster near 1.1450 (mitigation) We assume London AM session we continue with a expansion towards the inefficiency overhead at 1.1493 🟩 Outcome / Trade in session TP aligns with the 1-hour imbalance fill Strong continuation expected once VWMA/EMA cross supports structure
Long
by davidjulien369
US 500 – Signs of Fatigue After a Strong Recovery?It’s been an edgy start to December for the US 500 index, a month which is historically one of the strongest. Part of the reason could be that the last 7 trading days of November saw a 5.3% rally from lows of 6508 (Nov 21st) to 6852 (Nov 28th) as markets reacted positively to more dovish commentary from Federal Reserve policymakers, which revived the possibility of a final Fed rate cut at their last meeting of the year on December 10th. Now Fed speakers are in the blackout period before that meeting where they are banned from publicly discussing current policy and it suddenly feels like a long time to wait to hear the outcome of their deliberations, especially with the US 500 sitting a mere 2% from its record highs of 6925 set on October 30th. Traders also must contend with a busy data schedule across this week, and it didn’t get off to the best start with yesterday’s US ISM Manufacturing PMI survey showing activity falling further into contraction territory (below 50), with sagging order books and higher prices being paid. However, while manufacturing activity is important to the US economy, by far the biggest driver is services and the ISM Services PMI survey is due for release tomorrow at 1500 GMT. Last month’s reading sat comfortably in expansion territory (above 50) and US 500 traders will be looking to judge this new release against the previous month. Any disappointment could weigh on sentiment and vice versa. The available updates on the US labour market could also be important as they could impact the Fed rate decision next week. The ADP monthly private sector payrolls is released tomorrow at 1315 GMT, with the Challenger job cuts due Thursday at 1230 GMT and weekly jobless claims due at 1330 GMT. The shock weaker Challenger job cuts reading last month initiated some extra US 500 volatility and it will be interesting to see if this happens again. The technical backdrop is also potentially crucial going into such a critical period and the current assessment can be seen below. Technical Update: Signs of Fatigue After Strong Recovery? The US 500 index has staged an impressive recovery of more than 5.3% since the November 21st low, as recent price weakness once again found dip buyers. This pattern has been a consistent feature in US equities for some time. However, as the chart below highlights, the latest upside move in price has yet to achieve a close above the potential resistance defined by the October and November highs. This may be seen by some as the latest buying failing to breach a previous price peak, thereby disrupting the pattern of higher highs and higher lows. In other words, a possible sign of slowing upside price momentum. Of course, this does not necessarily signal the end of recent price strength. However, it may remain prudent to monitor both support and resistance levels closely, as doing so may help clarify whether the latest activity reflects a slowing of upside momentum that could lead to renewed weakness, or simply a pause in the advance before fresh price strength emerges. Potential Resistance Levels: As strong as the rally from the November 21st low appears, it currently remains capped below 6880, the November 12th session high. As the chart below highlights, this 6880 level represents the last recovery high and failure point, where selling pressure was sufficient to reverse the price advance back to the downside. Traders are therefore possibly viewing 6880 as the first potential resistance level to the current rally. While not a guarantee of continued upside, closing breaks above 6880 may be interpreted as a sign of price strength resuming. If this proves to be the case, closes above 6880 could pave the way for attempts to challenge 6925, the October 30th session high, with possibilities for further gains should that level also give way on a closing basis. Potential Support Levels: If resistance at 6680 continues to hold, traders may begin to suspect that upside price momentum is slowing, which in turn could see renewed selling pressure. At the same time, attention may shift to 6751 as the first support. This level is equal to the Bollinger mid‑average. While much will depend on future market sentiment and price trends, closing breaks below 6751 could open scope for further declines. Such moves, if seen, may lead to tests of 6722, the 38.2% Fibonacci retracement of the latest advance, and potentially even extend toward 6681, the deeper 50% retracement. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:US500
by Pepperstone
Technical corrections do not mean reversal of the bullish trend#XAUUSD OANDA:XAUUSD TVC:GOLD 📊 From the current structure, gold rebounded to a high of around 4264 yesterday before fluctuating downwards. 💠 However, the price of gold has not yet effectively broken below the daily MA5 and MA10, and there is still some support below. 📈 The brief pullback is a build-up for a better rise later. 🌈 As I said yesterday, the technical indicators showed a bearish divergence, indicating a need for technical correction. Therefore, it is not surprising that gold prices will fall in the short term. 💡 The key focus for today is the daily MA5 and MA10. The first support level is at 4205-4195. If the price retraces to this level, you can consider a small long position in gold, with appropriate SL orders. 💡 If the price falls below the 4205-4195 support zone, it is advisable to remain on the sidelines and not rush into further trading. Because the downside potential may open up, the price may fall back to the 4160-4140 Fibonacci retracement zone in the short term. This area will determine whether the upward trend can continue. Pay close attention to any stabilization signals in this area during the day.
OANDA:XAUUSDLong
by Fx_Bull-Bear_Indicator
Nikkei signals flash bearish as BOJ hawkish bets buildA bearish engulfing candle on our Japan 225 contract coincides with an obvious three-candle evening star pattern in futures, delivering a double dose of bearish signals that point to growing downside risks for Japanese stocks. Currently, long-running uptrend support dating back to the April lows and the 50DMA are in close proximity beneath where the contract trades, making that a key support zone to focus on should the signals from the price action prove reliable. If we see a clean break and close beneath the zone, it would allow for shorts to be established with a stop above the 50DMA to protect against reversal, targeting 48,400 support initially. If that gives way, 47,000, 45,170 and 42,000 were levels that saw plenty of price action either side earlier in the year, putting them on the radar as targets should we see a sustained unwind. Of course, if the support zone comprising the 50DMA and uptrend support holds, it would allow for long setups to be considered, targeting 50,580 and 51,500 resistance initially. A stop beneath the 50DMA would protect against reversal. RSI (14) and MACD are delivering neutral signals, a departure from what was seen in recent months when upside strength was dominant. While both indicators are gradually moving towards bearish territory right now, the preference remains to let price action and signals determine how to proceed. Good luck! DS
FOREXCOM:JP225Short
by FOREX.com
ASX200 to continue in the downward move?AU200AUD - 24h expiry 8649 has been pivotal. 20 1day EMA is at 8657. Daily signals are bullish. Our short term bias remains negative. Price action continued to range between key support & resistance (8560 - 8640) although we expect a break of this range soon. We look to Sell at 8643 (stop at 8711) Our profit targets will be 8443 and 8403 Resistance: 8620 / 8649 / 8700 Support: 8556 / 8500 / 8410 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDShort
by OANDA