Grin printed Bullish Engulfing Candle at Daily chart. Needs to break previous Lower High which is at 3.45$ level. Wait to print big green candle with volume for conformation.
Entry Long : 3.46 $
Stop Loss : 2.49 $
Take Profit 1: 4.33 $
Take Profit 2: 5.33 $
This is not an investment advice. Investment is your own choice.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
After finding appropriate RSI and MACD entry points, traders benefit from analyzing key candlestick formations.
Below are the candlestick reversal formations detailed in this chart.
Two Black Gapping: appears after a notable top in an uptrend, with a gap down and two red bars.
It predicts lower lows with an accuracy of 68%.
A Confluence of Bullish Outside Bar Candlestick Pattern and a Significant Support Zone
GBP/USD has formed a bullish outside bar candlestick pattern in the H4 time frame.
We can see in the H4 chart how the last big green candle in the picture attached engulfed the previous four candles and closed at the highest.
If we look at the high time frames charts (W1 or...
It looks like there is a bearish flag forming that may break south after testing the 50 EMA and daily trend line close to 10,400. If it breaks the trend line of the ascending wedge and breaks through the level of support and psychological barrier of 10,000 it's next possible level of recovery would be the 100 EMA followed by a weekly pivot point at 8500 . I do...
Bitcoin has been trading inside the triangle since the top seen on June 26th.
The base of the triangle is also the main uptrend that has been playing as a support since the bull run started back in April.
We can see and bullish hammer candle in the base of the triangle in the Daily and even more clear on the 4H timeframe which bounced right in...
As you can see in the picture, EURGBP respected the trendline and bounced off of the green support zone to form a Descending triangle. Then, it broke through, and retested it with a forming Evening star Candlestick confirmation. This trade is a good trade to lose, since the setup is so perfect and the orange line is a monthly resistance level so it's a fair area...
Hello traders :)
In my analysis I realized that the graph will go down. because it is in a zone of resistance and has no strength to climb.
I have been training my analysis and hope it goes well too
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Bullish flag pattern form within the consolidation range. although the major trend are bearish but there are room to the upside to create LH structure then continue the down trend.
Traders! if you like my ideas and do take the...
The USDCAD give us an opportunity to get in the market as sellers.
Do not open any position if the price doesn't closed below the previous candlestick (body and spike), we will be in a better position if this candlestick closed lower and it have a spike at the top.
I will be happy to talk about this technical analysis with other traders.
Guys, let's take a look at a rather controversial asset - ETH, 1w chart
The asset is above the trend line since December of the last year. The most important thing is that this growth occurs on falling volumes and so on for 9 months.
Since we know that the asset is highly correlated with bitcoin, any correlation of which can lead ETH to an important level of $...
Evening star reversal candle stick pattern at 50% fib retracement.
Open - 1.47567
Stop Loss - 1.4870
TP 1 - 1.45749
TP 2 - 1.44407
TP 3 - 1.43707
TP 4 - 1.42701
Trail TP, if price gets close to one move tp to next tp...because it might just blow right through them
*Author is not liable for any losses incurred*
AUDCAD short-term and long-term buy
A great opportunity for this week everyone!
Looks really good as we are on lows of daily and weekly.
Wait for first Bullish impulse, correction, and enter the buy.
We need either AUD strong, or CAD weak for the move.
SHORT TRADE - This is not financial advice
Sell @ 1.31630
Stop Loss: 1.31999
Take Profit: 1.30918
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