Using the fib retracement tool from the last dip we had to the recent top, it looks like this pair has reached the 50% retracement. Looking to if a bullish hammer candle is forming to get a potential confirmation that the pair is going to reverse from here. If we do reject the current area, there is a good chance that this pair will likely target 80.000 as the...
Took profits on my longs and flipped short (10/15 $85 Put) on Celsius .
Appears to be a top channel rejection with a pretty bearish engulfing candle. Small volume pocket below bears and profit taking could easily push this to $79. Bearish confluence on indicators as well.
Just praying reddit doesn't mention the ticker and it pumps to $500 : )
Hello traders and investors! Let’s see how the SPX is doing today!
The index isn’t doing anything impressive today, but at least it stopped dropping. Since it is reacting just above the support level made by the purple line, we might consider this as a good sign.
It is too soon to tell, but so far, today’s candlestick pattern is called Homing Pigeon , and...
The "Shaved Candle " !!!
The Black Marubozu belongs to the group of basic candles. It's an 'opposite' candlestick to the White Marubozu and, for this reason, has the exactly the opposite meaning. The lack of shadows means an opening at the maximum level and a steady decline in prices during the session, so its significance is very pessimistic as it indicates the...
Current market structure suggest price is currently trading within a descending triangle with a morning star pattern indicating a very bullish move which could break above the wedge, take a little dive before continuing towards the upside. This unless of course btc has anything to say😁
After I spotted the head and shoulders on XRP, I see this happening. We have enough drag from sellers for us to break that Demand zone. With that being said I’m completely bullish on XRP but we need more momentum, so I seen us dropping down to that Fib level that’s marked. Then we should see a nice jump up, I wanna say with a possibility of new ALT. I do suggest...
We could see another drop down to test 50K again today. Daily candle looks to be getting weaker and MACD hasn’t really picked up momentum to look at a possible break to the upside. Laddering shorts from 51500 and below to close at 50500 and below.
Shorts will be invalidated if we continue upwards and break resistance around 52500
This post is not a trading idea, but for our learning together.
1. False Break
In general, many of us know that the false break is when the price breaks through the Resistance/Support area but the candle fails to close outside that area. When this happens the candle will create a wick.
However, a false break can also mean the candle has successfully closed...
As you can see market is Bearish now !
After reaching trendline look for reversal patterns to SELL !
Dont Sell before candlestick confirmation.
Would appreciate some support and kindness :)
Share your thoughts aswell !
Have a great day folks ✌🏽
A bullish shark pattern form within the 5-0 Pattern has just strengthened the buying opportunity for traders who are already looking to go long.
I'm waiting for a candle confirmation on this ranging market and will treat this as a counter-trend trade.
Consolidation in the 5-0 Pattern is what traders who shorted the Shark Pattern don't want to see. A break and close below the blue box will ease the mind of many. However, Profession traders will look closely at that level and decide should they liquidate their 2nd Target and go long.
You don't need to stare at the screen, just set an alert and let technology...
Sometimes it could be hard for a trader to differentiate whether the market is going to have a Double Bottom setup with RSI Divergence of a Bearish Flag formation. It all voice down to your filter and experience in the market. If you are uncertain of any trading setup, then leave the trade alone until you have further confirmation.
While a small group of traders...
On Thursday 26Aug21, I've shared a Bearish Shark setup on the USDJPY. I've also launched a poll in my telegram group you can access via my tradingview post at the bottom of this post. Many if not all the people who participated have voted the EURJPY over the USDJPY setup. Both of them are Shark Pattern and both of them are bearish setups too. The only difference...
It's sad to miss 130pips worth of profits which translate to $1,300USD/lot trade on the Bullish Bat Pattern I've shared on last Monday, which some of you have received that information even the day before the market open.
Well, I don't want you to jump into all the trade ideas I've shared but rather to read them, analyse them and make your own judgement call....
Last week I've shared with you the potential of EURUSD to have a bullish movement once it breaks and closes above 1.1704. I hope you have managed to capture it. If you have missed it you can wait for the reversal candle to form between 1.1764-1.1732.
Hello everyone, as we all know the market action discounts everything :)
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The EUR/GBP heads higher on the last trading day of the week in the early European trading hours. The EUR/GBP is trading at 0.8564.
The EUR/GBP market has been having a good...