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Candlestick Analysis

EURJPY: Trend ContinuationI've made several key annotations on this chart. There are several things that I like. The first is the clean daily structure as price is respecting the EMAs and is making clear breaks above the HTLs. Over on the H1 timeframe, price crossed above the DTL Although it stalled a bit, it did not successfully make any new lows. Overall, selling pressure does not seem to be present. My entry signal is based on the bullish bar exiting the EMA band, which is a sign that momentum to the upside will likely pick up.
Long
by FinancialGamblR
Bearish Key Reversal Puts Platinum Bulls on NoticePlatinum was slaughtered along with every other precious metal on Tuesday, delivering on the risk we flagged 24 hours earlier. Given the scale of the move, the question everyone is now asking is whether that was it? I don’t know personally, but the bearish key reversal candle that printed only adds to the signals from longer timeframes in recent weeks, warning of the potential for more downside to come. Looking at the price action on the dailies, it’s notable the rout halted Tuesday at $1516—the high that was set in July. That suggests technicals still matter even if some of the selling was likely forced in nature. As such, it’s now the key level to watch when assessing directional risks. Should $1516 give way, the 50-day moving average is the first point of interest, with $1478 and $1440 other minor levels before more substantive support is found at $1380. Should $1516 hold, $1555, $1675 and $1775 are the levels to watch. The momentum picture has unsurprisingly shifted quickly as a result of the pullback, with RSI (14) now trending lower beneath 50, indicating increasing downside pressure. MACD has yet to turn outright negative, but it has already crossed the signal line and is accelerating downwards. At the very least, it provides a warning for bulls looking to immediately buy the dip. Good luck! DS
FOREXCOM:PLATINUM
by FOREX.com
Accurately grasp every trading opportunity,do you dare to followGold prices fell sharply in the evening due to the news, with a daily drop of nearly $300. Judging from the daily chart, the large real negative line almost swallowed up all the gains last week, and the bears have absolute control over the market. Since this morning, Allen has been reminding everyone to pay attention to the M-shaped double-top structure and be alert to the possible sharp market correction. Even if you fail to keep up with our trading rhythm, as long as you refer to my ideas and read them carefully, you can at least effectively avoid being washed out by the market. As gold continues to fall, various voices have appeared in the market. Bros must keep their eyes open when referring to them. After all, not everyone is as brave as Allen in facing mistakes and losses. As I said, the bears are currently dominating the market. Although the decline has stagnated slightly in the short term, the downward trend has not completely stopped. It will be difficult for the bulls to recover all their lost ground tonight. The current gold price is hovering around 4110. If it continues to fall, you can pay attention to the short-term support of 4060-4050 below. Try to go long with a light position, set a stop loss, and look for support at the 4000 integer mark if it breaks. OANDA:XAUUSD
OANDA:XAUUSDLong
by Perfect_Allen
ETHEREUM (ETH/USD): Comeback? Eyes on $4300 Resistance.ETHEREUM appears to be showing some bullish signals following a test of a significant daily support level. The price formed an inverted head and shoulders pattern on that, succeeded by a bullish breakout above its neckline, which is serving as a minor resistance, thereby confirming a local change of character. Considering these factors, there is a possibility that the price of the coin could potentially rise to the $4300 level.
BINANCE:ETHUSDLong
by linofx1
18
FRA40 (CAC 40 Index) – 4H Short Setup AnalysisPrice has pushed into a strong supply zone around 8,240–8,280, which has acted as a previous area of rejection. The market is currently showing exhaustion signs in that region, with consecutive wicks rejecting higher prices — suggesting potential bearish momentum buildup. Market Structure: The overall structure on the 4H timeframe remains bullish, but price is currently overextended after multiple impulsive legs. The most recent push into this supply zone shows signs of distribution, making it a high-probability area for a potential short-term correction before continuation. Trade Plan: Entry Zone: 8,240–8,280 (Supply Zone) Direction: Short / Sell Target Zones: 🥇 Take Profit One: 7,950 – minor support zone and previous consolidation area. 🥈 Take Profit Two: 7,850 – aligns with structural support from previous price accumulation. 🥉 Take Profit Three: 7,580 – major demand zone and potential swing low region. Invalidation (Stop Loss): Above 8,300 – a clean break and close above this level would invalidate the short bias, indicating bullish continuation. Confluence Factors: ✅ Strong supply zone rejection ✅ Multiple top wicks showing seller pressure ✅ Bearish divergence likely forming (if confirmed on RSI or MACD) ✅ Overextended bullish leg due for a retracement Trade Bias: 🔻 Bearish (Short-term correction expected) Risk Management: Always use proper position sizing and risk management. A tight stop above the supply zone (around 8,300) keeps this setup favorable in terms of risk-to-reward. 💭 My Thoughts on Your Setup: This idea is well-structured and makes sense technically. You’re trading directly from a premium zone (the upper range of a swing), with clear targets based on structure — that’s a solid approach for 4H swing trading. Here’s what strengthens your setup: The supply zone is clean and tested only once — still fresh. You’ve placed realistic TP levels, gradually scaling out of the move. The R:R ratio looks favorable if your stop is just above 8,300. Potential improvement: Watch how price reacts around 8,200–8,240 — if momentum shifts heavily bullish with strong 4H closes above 8,280, it’s safer to wait for confirmation before entering short. Otherwise, this is a textbook short setup off supply.
FX:FRA40Short
by Kingdom-Trader
1
BTC 1H Analysis | Day 6🥳 Hey everyone! Hope you’re doing great! Welcome to SatoshiFrame channel. ✨ Today we’re diving into the 1-Hour Bitcoin analysis. Stay tuned and follow along! 👀 After faking the 111377$ resistance area, Bitcoin ran its stop-hunts and then moved toward its supports. In the process, after breaking the 109383$ support, it headed toward its current support in the 107508$ price area. 🔍 The exhaustion of buyers’ strength and the unusual participation of TakerSeller at the 111377$ price caused selling pressure on Bitcoin, making sellers the winners from that area. Bitcoin is now near its support, and the next resistances are at 109383$ and 111377$. With a break of these zones, it can move further upward. 🧮 On the RSI oscillator, we see that after losing the 50 zone, it moved strongly toward the oversell area and stayed there for a very short time—so short that we can call it a fakeout—and it formed a low near the 30 area. Now, losing the 30 zone and entering Oversell can be a confirmation for more selling pressure. The RSI resistance zone is at 50, and once the oscillation range passes above this zone, long-side momentum increases. 🕯 We’re going to check volume to understand better and get more data. After approaching its resistance, Bitcoin was accompanied by a decrease in buy volume, and subsequently sellers took control of the market; with increasing sell volume, Bitcoin’s price moved downward. 🧠 For a Bitcoin position we have 2 scenarios on the table that, if they occur, we can evaluate a position. 🟢 Long scenario: Break of the 109383$ resistance area and the oscillation limit crossing above the RSI 50 zone, together with increasing buy volume, with maker buyers also participating in this scenario for a price jump. 🔴 Short scenario: Break of the current support along with more selling pressure on Bitcoin, losing the 30 oscillation zone and RSI entering the oversell area. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
by Satoshimultiframe
USDJPY – New Japanese PM Confirmation - Volatility AheadUSDJPY initially roared higher when Sanae Takaichi was named as the surprise new leader of the ruling Japanese parliamentary LDP party in early October. A decision which was expected to pave the way for her to become the first female prime minister of Japan, and importantly from a financial markets point of view, see her steer the country down a path of higher spending and tax cuts which may also impact the decision making of the Bank of Japan (BoJ) regarding interest rates. While, this saw the Japan 225 index race to a new record, it also led to a gap open higher for USDJPY on October 5th at 149.48. This was the start of a move that continued all the way up to an 8-month peak of 153.23 on October 9th, as traders focused on the possibility of the BoJ delaying their next potential interest rate hike and higher spending adding to an already bulging government debt burden. Then on October 10th, the LDP ruling coalition fell apart, weakening Takaichi’s position and delaying a vote on her being the next PM in the Japanese parliament (Diet) until today, while she and her team negotiated a new coalition. This turned USDJPY lower and coupled with a risk averse backdrop last week led the currency pair to briefly trade down to a low of 149.38 on Friday, before recovering higher again. Now, weekend news that the Ishin party were to form a new coalition with the LDP was confirmed on Monday with Sanae Takaichi voted in as Japan’s new PM this morning, leading to USDJPY rising back to a high of 151.61 (at time of writing 0715 BST) and potentially paving the way for more currency volatility as the new PM begins to stamp her new authority on government policy, ahead of a crucial Japan inflation (CPI) print on Friday (0030 BST) and the next BoJ rate decision next week (Oct 30th). Traders have all of this to consider, while on the US dollar side they respond to the potential outcome of US/China trade discussions, a possibly regional US bank crisis and a CPI print on Friday which could clarify whether the Federal Reserve cuts interest rates next week (Oct 29th) as expected. The run into the end of October could be a volatile one for traders. Technical Update: Watching Closing Defence of 151.35 Retracement Resistance USDJPY had previously corrected from its October 9th high at 153.23 to find support at 149.29, the 50% Fibonacci retracement of the September 17th to October 9th rally. The rebound from this level was being capped around 151.35, a level which marked the 50% retracement of the October decline, although following this morning’s developments, that resistance is under pressure and may even be in danger of giving way. Future moves could now depend on where USDJPY closes the session tonight and whether it is above the 151.35 retracement level. In this type of environment where directional changes are increasing in response to scheduled event outcomes and unexpected headlines, being aware of potential support and resistance levels that may be relevant can be useful to support decision making. Potential Resistance Levels: Having so far failed to close above the 50% Fibonacci retracement at 151.35, this level may still be viewed as the initial resistance focus. A successful close above 151.35 might pave the way for renewed upside with 152.61, the October 14th high, the next potential resistance level. Beyond that, the focus could then shift to 153.23, which is the October 9th extreme, even 154.80, which marks the February 12th, 2025 failure high. Potential Support Levels: While the 151.35 retracement resistance remains intact on a closing basis, USDJPY could remain vulnerable to renewed tests of support at 150.21 support, which is the rising Bollinger mid-average. A closing break below this level could potentially lead toward a more extended phase of price weakness. A confirmed break below 150.21 in USDJPY might lead to increasing downside pressure, with 149.29, the 50% Fibonacci retracement of the September to October rally, emerging as the next key support. Should this level also give way, the decline may extend toward 148.47, which is the deeper 62% retracement level. 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.
by Pepperstone
Big cycle M double top, beware of big pullbackGood morning, bros. Last night we proposed a strategy of short selling in batches if gold rises first and touches the upper pressure level of 4365-4380, and achieved good profits. After today's opening, gold rebounded to this range several times, and it can be said that it has basically recovered the losses since last Friday. However, the intraday rebounds have failed to effectively break through this resistance range. If the bulls want to fully counterattack and move towards the 4400 mark, they need to break through the upper resistance. Judging from the long-term trend, the market has a tendency to form an M-shaped double top, so be cautious in chasing the rise in intraday trading and beware of possible large market corrections. Judging from the short-term trend, the resistance near 4350 is still obvious. If the European session rebounds to this level again without breaking through, the bull market will be difficult to sustain in the short term. We can consider trying a light short position once, but be sure to set a stop loss. At the same time, if the short-term support of 4330-4320 below cannot be held, gold will fall further to test yesterday's rebound low of 4305-4295. Once 4305-4295 is breached, it may trigger a technical sell-off, pushing the gold price to accelerate its correction to 4240 or even the 4220 neckline. Trade intraday at key levels, but be wary of market whipsaws. OANDA:XAUUSD
OANDA:XAUUSDShort
by Perfect_Allen
USD/JPY(20251021)Today's AnalysisMarket News: The US government shutdown entered its 20th day on Monday after senators failed to break the impasse for the tenth time last week. The shutdown has also delayed the release of key economic data, leaving investors and Federal Reserve policymakers with a data vacuum ahead of next week's policy meeting. The US Consumer Price Index (CPI) data, delayed by the shutdown, is scheduled for release this Friday. Meanwhile, traders are pricing in a 99% probability of a Fed rate cut next week, with another cut expected in December. As a non-interest-bearing asset, gold typically performs well in a low-interest rate environment. Technical Analysis: Today's Buy/Sell Levels: 150.73 Support and Resistance Levels: 151.65 151.30 151.08 150.37 150.15 149.81 Trading Strategy: On the upside, consider buying on a break above 151.08, with the first target at 151.30. On the downside, consider selling on a break below 150.73, with the first target at 150.15.
Long
by GoldenSpaceship
FTSE 100 Outlook: Twin Bullish Signals Point to Fresh HighsFresh record highs for the FTSE 100 contract may be on the cards, with consecutive bullish signals pointing to growing upside risks. The first arrived on Friday with a hammer candle on the daily chart, rebounding strongly after testing the 50-day moving average. That was followed on Monday by another large bullish bar that saw the price break out of the falling wedge pattern it had been trading in for much of the past month. The breakout points to the risk of further upside ahead, putting the record high of 9,579 set on October 8 on the menu for bulls. Given the twin bullish signals, traders may want to consider initiating longs around these levels or slightly lower, targeting 9,485 or the record highs. Stop placement should reflect the desired risk-reward you’re seeking from the trade. RSI (14) has broken its downtrend and now sits in marginally bullish territory. MACD also remains in positive territory despite crossing the signal line from above earlier this month and is now starting to flatten out. Combined, the two indicators suggest diminishing bullish momentum may be in the early stages of building again, improving the probability of the breakout playing out in full. Good luck! DS
FOREXCOM:UK100Long
by FOREX.com
1