Get started

Candlestick Analysis

GBPUSD Faces Strong Ceiling at 1.36 – Drop to 1.32 Ahead?The first half of this year was strongly bullish for GBPUSD, with the pair climbing from 1.20 to 1.37 — a rally of nearly 1,700 pips (14%). However, after topping in July, cable corrected around 600 pips, only to find solid support at 1.32 in August. From there, a rebound followed, pushing price back up to 1.36 by the end of the month. Looking at the chart, we can see a clear technical picture: while GBPUSD has rebounded from support, it has also formed a very strong ceiling at 1.36. This zone has now been reinforced by a bearish pin bar printed just two days ago. Going forward, as I already highlighted in my DXY analysis, I expect a rebound in the USD — and this will almost certainly translate into a drop in cable. From a purely technical standpoint: • 1.36 = strong resistance, validated by the pin bar and multiple rejections. • 1.34 is the first support and can act as a soft target. • In the medium term, I expect GBPUSD to revisit 1.32. The strategy is clear: sell the rallies into resistance, as the pair appears to be at the beginning of a corrective leg lower. 🚀
Short
by Mihai_Iacob
11
Germany 40 Index – Range Trade or Something More?It has been a nervy week for the Germany 40 index as it has struggled for direction ahead of today’s ECB rate decision, which is due at 1315 BST, and then the press conference, led by ECB President Lagarde, which starts at 1345 BST. While general sentiment has been boosted by US inflation data (PPI) supportive of a Federal Reserve rate cut next week, helping to lift the Germany 40 up to a weekly high of 23887 (Wed), issues related to Ukraine, including a violation of Polish airspace by a Russian drone leading to it being shot down, and the start of discussions between the US and EU regarding the potential for new tariffs on China and India, two big export markets for German companies, for their continued purchases of Russian energy, have weighed on rallies, which resulted in lows being seen at 23582 this morning (0700 BST). Now, looking forward, Germany 40 traders may be focused on the ECB who are fully expected to keep interest rates unchanged, which could shift the focus for volatility to what Madame Lagarde says regarding the potential for one more 25bps (0.25%) rate cut in December, economic growth, the outlook for global trade and the sustainability of European government debt, particularly in France. Any surprises here, combined with the US CPI release at 1330 BST could decide where the Germany 40 moves into the weekend, ensuring that monitoring the technical outlook could also be helpful for traders. Technical Update: Range Trade or Something More? Since early July, when the Germany 40 index hit its all-time high of 24639 on July 9th, it hasn’t shown a clear upward or downward trend. As shown on the chart below, prices have mostly moved sideways, staying between the resistance level at 24639 and the support level at 23378, which was the low on August 1st. It is impossible to say when this type of sideways price movement will end. A strong close above the resistance level or below the support level would suggest that prices may start moving more steadily in the direction of the break. That said, with recent price weakness and a decline toward the August 1st low of 23378, traders may be wondering whether this could lead to a break lower from the sideways range, or if support will hold again, keeping the range intact. So, let’s look at what may be the key support and resistance levels to watch Potential Support Levels: One could argue that the August 1st low of 23378 is the first key support to watch. If prices close below this level, it could signal a more extended phase of weakness, with the next potential support being 23013, which is the low from June 19th. While there is no guarantee of further weakness, a close below 23013 could trigger a deeper decline toward 22420, which marks the 38.2% Fibonacci retracement of the price strength from April 7th to July 9th, possibly further. Possible Resistance Levels: While the July 9th high of 24639 remains the key resistance level marking the upper boundary of the current sideways range, if the August 1st low of 23378 continues to hold and sees a rebound, traders may want to watch for earlier resistance levels that could come into play before opening possibilities of moves toward the top of the range. As shown in the chart above, the Bollinger mid-average is currently declining and sits at 24006. This level may act as the immediate resistance. If prices manage to close above 24006 in coming sessions, it could open the door for a retest of the July 9th high at 24639. 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:GER40
by Pepperstone
USDCHF – Liquidity Sweep + FVG Entry (Counter-Trend Long to PDH)Idea: Price swept previous day’s low (PDL), tapping into an Extreme Daily POI. We then saw a CHOCH on LTF, confirming rejection. A clean 5M FVG entry formed, giving a precise long setup. Bias: Intraday bullish (HTF still bearish). Entry: 5M FVG inside Daily POI. SL: Below swept low. TP1: 2R (partial exit). TP2: Previous Day High (PDH liquidity magnet). Notes: This is a buy-to-sell setup — valid for intraday longs up into PDH, but watch for shorts if HTF structure rejects at PDH.
Long
by BFUFX_MARKETS
1
USDJPY: Tight Range, Big Breakout Coming – Bulls Eye 150.80In recent weeks, USDJPY has been one of the most frustrating pairs to trade. Since early August, the pair has fluctuated inside a very narrow range between 146.70 and 148.50 — less than 1.5% of movement. However, such tight consolidations rarely last. They usually precede strong moves, and in my opinion, this breakout is more likely to come to the upside. Looking at the broader picture: • The April low around 140 (which also tested September last year’s low) marked a strong structural support. • From there, the pair began climbing in a constructive way, consistently putting in higher lows on the long-term chart. • During the current consolidation, we’ve seen two notable bullish reactions: dips slightly below 147.70 were bought aggressively on 14 August and again just two days ago, leaving behind clean bullish pin bars on the daily chart. Putting these pieces together, my bias is bullish. I expect the current range to eventually resolve higher, with 150.80 as the next major resistance and natural target for bulls. That being said, the market still needs to confirm this idea: • Upside acceleration comes with a clear break above 148.50. • The bullish case would be invalidated by a daily close below 146.50. As always, patience is key — range markets test our discipline, but they also prepare the ground for the next big move. 🚀
Long
by Mihai_Iacob
11
Price broke below EMA200 on M15 + Shooting Star + MACD CrossPrice below EMA200 on M15 + Shooting Star + MACD bearish cross - Tokyo. Entered this trade a few hours ago during Tokyo session. Price finally broke through the EMA200 on M15 putting us into sell territory. A shooting star had been printed and the MACD produced a bearish cross. As several of you noted, there’s a clean FVG stack below — I placed my TP at the end of that block. SL was set just above the most recent structure high, giving this trade a strong R:R of nearly 1:9. RSI is already oversold, but in strong trending conditions, it can remain that way for a while. Looks like we’re (hopefully lol) printing the closing leg of a clean M-pattern.
OANDA:XAUUSDShort
by Miss_GoldFinger
11
China A50: Bulls eye 16,000 as triangle breaksThe China A50 contract has broken out of the ascending triangle it’s been trading in over the past month, putting traders on alert for a potential resumption of the prior bullish trend. However, having recently traded through 15000 on multiple occasions only to reverse back lower, the precondition to act upon today’s break would be to see the price close above the level. If that plays out, longs could be established above 15000 with a stop beneath for protection. One look at the recent price action tells you that once a sustained bullish breakout occurs, the contract tends to gravitate towards big figures, suggesting 16000 may be an appropriate initial target rather than nominating a specific extension level. If achieved, traders could assess based on the price action at the time whether to square or hold looking for a push towards the October swing high of 16322 set last year. RSI (14) has broken its downtrend and has now set a higher low above 50, pointing to building bullish momentum while not yet being overbought. The signal has been confirmed by MACD which has staged a bullish crossover in positive territory. The broader picture is one that favours longs over shorts. If the price cannot close above 15000, there may be better setups elsewhere. Good luck! DS
FOREXCOM:CHINA50Long
by FOREXcom
CADCHF: Trend Continues Below Daily LevelCADCHF is beginning to show confluence, which gives me an opportunity to frame my entry opportunity. Here are the key observations across the daily and H1 timeframes. Daily Timeframe: Price made a strong break below the HTL and is holding below it. Although two bullish bar formed, they did not engulf the previous bearish bar, which is a good indication that buying strengh just isn't there. H1 Timeframe: There's quite a bit of confluence on the H1 timeframe with the first being price entering and exiting the potential supply zone. In addition, price is about to cross below the ATL, which is another sign that the counter-trend move is ending. Finally, there's confluence with the moving averages where EMA20 is crossing below EMA60; price is also beginning to cross below EMA20.
Short
by FinancialGamblR
Bulls vs Bears: Race to 3700 or 3600 ?!Currently, gold is fluctuating above the 3640 line. We can clearly see that gold has not effectively fallen below 3640 during multiple pullbacks in the short term. This proves that during the pullback period of gold, a lot of funds have entered the market, thereby pushing the gold price to fluctuate upward. However, during the upward fluctuation, gold encountered resistance and fell back in the 3655-3660 area many times, exacerbating the short-term volatility trend! But we need to note that gold has rebounded since 3620 and formed a band-like low point structure; and it has tested 3640 many times and has not fallen below it, showing signs of forming a band-like secondary low point structure. Judging from the characteristics of the low point gradually rising, the current bullish force has a slight advantage, so short-term trading is still dominated by going long on gold. Judging from the current structure, the short-term support area below is located in the 3635-3625 area, followed by the 3615-3605 area; and the short-term resistance is located near 3660. If gold breaks through the area near 3660 during the volatile upward process, gold may test the high point area near 3675. Once the high point near 3675 is refreshed again, it is expected to directly touch around 3700. Therefore, it is not completely certain that gold has peaked at present, and we should not blindly chase short gold in trading; on the contrary, when gold retreats to the support area of 3635-3625, we can try to go long on gold, first aiming at the target area: 3660-3670, and once it breaks through this area, the target area will be postponed to the 3690-3700 area.
OANDA:XAUUSDLong
by PriceSniper_Steffen
A brief discussion on my views on recent gold price trendsLast night, I clearly outlined my outlook for gold. Today, the gold price retreated to the support range of 3635-3620 and then stabilized and rebounded. Our long orders have reaped considerable profits. It is a pity that the limit long order set at 3620 before going to bed failed to be triggered, and I missed out on a bigger profit. Currently, gold's volatility is relatively low, and it has rebounded again to around 3645, which aligns with my view that gold will remain in a range-bound pattern in the short term. Our trading strategy is still highly referenceable. If gold falls back to test the lower support again in the short term, we can still consider going long again. If gold slowly fluctuates upward in the European session, the first thing to pay attention to is whether it can effectively break through 3655. Once it effectively breaks through, gold may retest the short-term resistance of 3665-3680.
OANDA:XAUUSDLong
by Allen_Boswell
2
EUR/CHF Bulls Test Range Highs Following Sharp ReboundEUR/CHF sits just beneath the top of the range it’s been trading in over the past three months, providing a variety of potential setups depending on how the near-term price action evolves. The bullish engulfing candle on the daily chart last Friday set the tone for the price action seen this week, sparking a significant bullish reversal after a false break of .9300 support. The subsequent move saw the price take out resistance at .9363 before stalling at .9429—a level that capped the pair in June. Given recent price action, traders should be on alert for a potential extension of the bullish move. Should we see a break and close above .9429, it would allow for longs to be established with a stop beneath for protection, targeting resistance at .9500. Offers may be encountered just beneath .9450, presenting a potential hurdle for bulls along the way. Alternatively, if the pair cannot break .9429 meaningfully, the setup could be flipped with shorts established beneath the level with a stop above for protection. Potential targets include .9363 or .9300. Momentum indicators have skewed bullish over the past week, with RSI (14) trending higher but not yet overbought, while MACD has crossed the signal line and now sits in positive territory. It’s not a roaring endorsement for a bullish bias, but it does favour upside rather than downside in the near term.
by FOREXcom
PLTR: Is a New Uptrend Beginning Above 165?PLTR: Is a New Uptrend Beginning Above 165? PLTR is currently trading above the 165 Resistance level. We need to observe if it closes above this resistance for a confirmed breakout. A sustained close above 165 could signal the start of a new uptrend with a target of 185. The immediate support to watch for any pullback is at 158. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NASDAQ:PLTRLong
by ManiMarkets
Long trade Trade Journal Entry Pair & Session Pair: USDJPY Date: Tue 9th Sept 2025 Session: NY PM Trade Setup Direction: Buyside Entry: 147.421 Profit Level (TP): 148.575 (+0.78%) Stop Level (SL): 147.269 (−0.10%) Risk–Reward (RR): 7.59 Context 🧠 The market was in corrective mode after a multi-session decline. A strong demand zone is observed near 147.30 – 147.40, with liquidity sweep below the prior day’s low. The PDL (Previous Day Low) was breached and subsequently reclaimed, confirming a shift in intraday order flow. VWAP & EMA confluence: Price reclaimed VWAP + short EMA, supporting bullish continuation. FVG (Fair Value Gap): Several bullish FVGs acted as re-entry opportunities, particularly around 147.34 – 147.50. Volume spike on reclaim signalled aggressive buy program.
Long
by davidjulien369
USDCHF 1H longThe sceenshot is on the 4 H tf for better visibility, But the usdchf is falling nice and clean into the support zone. No good pullbacks happened yet so I expect a good bounce in the support zone. We, thu and fri usd high impact news so that will have some impact on the usd. The plan is simple: I have 3 limit buy orders with 25 pips difference placed in the support zone I wait for them to trigger and aim for a 2R total profit Nice to have: rsi gets oversold again because of the news Let’s see what the week will bring
Long
by FX-Diaries
1
Nifty Analysis EOD – September 10, 2025 – Wednesday🟢 Nifty Analysis EOD – September 10, 2025 – Wednesday 🔴 📌 Doji at Resistance – Market in Consolidation Grip 🗞 Nifty Summary Nifty opened with a 114-point gap-up, well above the previous day’s high and right in the middle of the strong resistance zone of 24,975 ~ 25,004. Initially, the index attempted to stabilize and hold above 25,000, but couldn’t sustain the level. It gradually lost ground, broke the VWAP and day’s low, marking a low of 24,915. A recovery of 75 points from the low brought Nifty back to 24,977.5 at close, resulting in a Doji candle formed near the middle of the resistance zone. Such large gap-ups or gap-downs are not favorable for intraday players, and positional BTST option buyers were left vulnerable, as the first-minute slip wiped out initial gains. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 24,991.00 High: 25,035.70 Low: 24,915.05 Close: 24,973.10 Change: +104.50 (+0.42%) 🏗️ Structure Breakdown Red candle (Close < Open). Body: 17.90 points → small. Upper wick: 44.70 points. Lower wick: 58.05 points. This forms a Spinning Top-type candle with long shadows on both sides → indicative of intraday tug-of-war. 📚 Interpretation Market opened near 25,000, briefly touched 25,035, but sellers rejected higher levels. Buyers defended 24,915, as seen from the long lower wick. Closing slightly below open signals mild bearish pressure despite overall gains compared to the previous close. This is a classic indecision candle, with bulls managing to hold ground but failing to assert dominance. 🕯Candle Type Spinning Top / Indecision Candle with balanced pressure leaning slightly bearish (due to red close). 📉📈 Short-Term View – September 11, 2025 Support: 24,910 – 24,915 (defended today). Resistance: 25,030 – 25,050 (strong supply zone with multiple rejections). 👉 Key Insight: Bulls are trying to protect 24,900 but facing strong resistance near 25,030–25,050. Market is consolidating and coiling tighter between 24,900–25,050. A breakout above 25,050 may trigger fresh momentum towards 25,160, while a dip below 24,900 opens risk toward 24,750. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 193.36 IB Range: 59.3 → Small Market Structure: Balanced Trade Highlights: 10:30 AM – Long Trigger → SL Hit 13:20 PM – Short Trigger → SL Hit 📌 Support & Resistance Levels Resistance Zones: 24,975 ~ 25,004 25,035 ~ 25,140 25,160 Support Zones: 24,915 ~ 24,895 24,845 ~ 24,835 24,785 💡 Final Thoughts Today’s indecisive spinning top reflects a market stuck in consolidation, caught between supply and demand. Until a decisive breakout occurs, avoid large positional bets and remain focused on intraday tactical trades. 📖 “Patience in consolidation builds the strongest trends later.” ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Battle Lines Drawn — Which Comes First, 3700 or 3600?Gold started to fall from around 3675, but failed to effectively fall below 3620 many times during the retracement, so the current retracement cannot be regarded as a market reversal. If the gold market has really peaked, I think the minimum requirement is to effectively fall below 3620, but it is obvious that this condition has not been met yet. Under the current conditions, it can only be regarded as a pullback correction. So at this stage of trading, we cannot be overly bearish on gold. Currently, gold bulls and bears are competing with each other for control, and the price will remain in a wide range of fluctuations in the short term. However, since gold rebounded from 3620, the bullish structure has not been destroyed. The short-term support below is in the 3635-3625 area, and further strong support is in the 3615-3605 area. If gold fails to break below the 3635-3625 area, it will favor bulls and could serve as a springboard for further gains. Once gold continues its upward trend and breaks through the 3665 area, it could potentially reach the 3680-3690 area. Therefore, in short-term trading, since gold remains bullish, we can continue to buy gold within the 3635-3625 support area, with the primary target being the 3660-3670 area.
OANDA:XAUUSDLong
by PriceSniper_Steffen
2
Gold Analysis – Correction Not Yet Over (IMO)Yesterday, after printing a new ATH at 3674, Gold sold off aggressively and overnight reached a low of 3620. Now the key question: Is Gold done correcting? 👉 My answer: Not yet. Here’s why: 1. The 550 pip drop from the top is barely scratching the surface compared to the 3500 pip rally in the last two weeks. 2. Yesterday’s daily candle is a bearish pin bar. While this pattern is weaker in strong uptrends, it can still trigger continuation. 3. Structurally, the market looks like it’s forming an ABC correction. The current rebound may be wave B, with wave C expected to target the 3570 zone. 4. Confluence supports act like magnets once corrections begin. The zone I’m watching aligns with the 23% Fibonacci retracement, which fits perfectly with the correction scenario. 📌 Trading Plan: As long as 3675 holds, I remain bearish in the short term. The best strategy is to sell rallies against the ATH, targeting deeper retracement levels.
OANDA:XAUUSDShort
by Mihai_Iacob
20
BNB 1H Analysis - Key Triggers Ahead😃 Hey , how's it going ? Come over here — Satoshi got something for you! ⏰ We’re analyzing BNB on the 1-Hour timeframe. 👀 On the 1-hour timeframe of Binance Coin we can see that this coin, the popular token of Binance exchange with very strong backing, has formed a very important resistance at $885. With a breakout and confirmation above this level, and if the PPI news is positive, BNB could start another strong upward move. ⚙️ The key RSI level for this coin is at 64, and breaking above this level could give BNB higher volatility and even a price surge. 🕯 The volume, size, and number of green candles are increasing, and it seems we are almost exiting the range structure. With buying pressure and rising volatility, BNB could form more green candles and experience solid price growth. 🌒 On the 1-hour timeframe of the BNBBTC pair we can see that it has been rejected from the 0.007915 zone, which has created a trigger for a breakout at this level. If this zone is broken, BNB could also break its marked resistance in the USDT pair and move upward. 💡 This coin had resistance at $885, which has now been broken, and it is moving upward. A pullback to this resistance also happened during this breakout, which was executed well. For confirmation, you can also check the 15-minute timeframe. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Long
by CryptosWinter