Long Trade Plan for XTIUSD (Crude Oil) on the basis of candlesticks and dow theory
Yesterday ECB raised the rates just as expected. There wasn't much of a reaction which most likely means, everything will be decided during FED next week. Technically, we had a rejection of the 1,0090 level. A potential entry would be on the re-test of that level and further rejection. We have to wait for confirmation, the upside move is done and we are...
Since the trend has changed in short term, looking for sell opportunity. Placing a sell limit as shown in above chart.
Hello traders. This is my analysis for AN. Hope everyone had a profitable trading month.
• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity; • In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick; • If AMC...
Long on XAGUSD (SILVER), Candlesticks & Dow Theory
Can you Guess the candlestick pattern 🤔 Watch it OR Catch it 🧘♂
Today we have ECB Interest Rates decision. We should see them going up by 0.75%. No matter what will be the bank's decision, we're going to see big moves on EURUSD. We could see more bullish pressure on EURUSD, but we have to keep in mind that FED is also coming out with their decision soon. That means, whatever upside move we see today, it could reverse...
• SPY is doing a Shooting Star candlestick pattern today; • If triggered, this could lead us down to the next support area around 3,760, near the 21 ema; • This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13; • In this scenario, any bullish reaction above the support would be an excuse to...
Long trade plan has been suggested on candle sticks pattern. A bullish engulfing candle has seen as price touches a new bottom, some upside is expected as a new LH might form
In the beginning of the week, we talked about price reaching its current levels of 0,9950 and then sell. However, yesterday we had an impulse move up and right now we won't be looking for short positions yet. After such a move, we are actually expecting a continuation higher. Tomorrow we have ECB Interest Rates which is expected to cause more big moves. In...
Right now, the situation on EURUSD remains the same as yesterday. It's heading towards 0,9950 - the level where we should see a reaction. It's also important to know that this week, we have ECB Interest Rates. This will definitely bring some volatility and it also makes the entries before the news more risky. That's why we have to wait for the right moment...
The candlestick pattern indicates a continuous price uptrend towards the MA20 line backed with high volume. Precaution because the last candlestick indicates a "shooting star" candle, hence, the probability of price correction between the trendline channel or potential resistance area around the price range of the candle. The MACD confirms the price uptrend...
euro clear bear trend head and shoulders bounced off ma bounced off key level
One of the sell scenarios was on Friday when we saw price pushing higher to 0,9867. Today we will be looking to sell again but this time from higher levels. The level where we expect to see rejection is 0,9950. In case of price rejecting this level, then we can enter short positions. We will enter a short trade only upon further confirmation!
A Bearish Bat Pattern is completing at 110.00, a perfect shorting opportunity at the price action level. With that said, a candlestick pattern confirmation is still required.
I am still bearish on EURUSD, I'm waiting for a Bearish Deep Gartley Pattern completion at 0.9958. I'm aware that a lot traders are waiting for bullish opportunity on both EURUSD and GBPUSD but I don't see any recovery soon.
Well, if you guys are aware, I do not usually post an analysis based on M15 timeframe, but this setup is worth watching. The distance between the red and blue line is 43pips, substantial profit between the 2 levels. On the red dotted line, come the completion of the Bearish Shark Pattern and the blue dotted line, Bullish 5-0 Pattern. Candlestick Pattern...