There's a strong bullish signal on Heikin Ashi candles. As you can see in the circles, this was the beginning of nice uptrends the last two times. Targets are hard to say, but you could take the fibonacci levels. Or just wait for the candles to decrease in size as a signal to take profits.
While price is trading inside the last impulse, we're looking at potential upside move. The 1,0240 support held price and in case of another push high, we should see a test of 1,0360. In order for this upside move to continue, we should not see the market trading below 1,0200!
Well, I hope the Bullish Deep Gartley will not be a valid pattern because I'm pretty involved in the Potential Head and Shoulders Pattern setup. The candlestick movement never fails to amaze me. Look at the related ideas in TradingView, and see how the candlestick pattern stops, pauses, and reverses on the dotted line that I had drawn in advance. As a mature...
EURJPY has a potential Bullish Shark Pattern that is completing at 136.48. This may allow traders that have missed the Bullish Bat that coincide with the AB=CD Pattern that complete on the daily chart and has its first target of 441pips attained.
USDJPY is far from dipping or crashing, at least not now. However, counter-trend traders can wait for a shorting opportunity at 134.89 on a Bearish Shark Pattern setup. Traders need to wait for further confirmation before jumping into the trade.
Structure Trader, you might have an opportunity to engage the GBPUSD on a structure based trade and to engage your counter-trend trade on the Key Resistance Level at 1.2179.
When it comes to the Daily Chart, EURUSD is still on a Bearish Trend, however, on both the 4-hourly and 1hourly chart, EURUSD is on a Bullish trend. A Bullish Bat Pattern is completing at 1.0221, which is great for intra-day trader. That said, I will still wait for candlestick pattern confirmation as Point C touches Point A.
Are you amazed how the market paused and reversed at the dotted line I've drawn? Trading isn't hard, you just have to find the right mentor to guide you and achieve the common goal, to profit from the market. Check out the link at the bottom and witness how the market pause and reverses at the dotted line.
A potential head and shoulders setup that could provide more than just the regular target taking. I'm waiting patiently for the market to dive another 20pips more, and I will observe how the market interacts on the dotted line.
Yesterday, EURUSD went up to the previous high and it tested it. Today we expect to see another test and possibly a breakout. In case of a breakout, the next target will be 1,0423. Recommended stops are below the test from yesterday - 1,0270
Dragonfly Dojis-GBPUSD found on the 1 HR chart. For the FMI (Forex Mastery Institute) studies.
Long legged doji candle for BTCUSD. For FMI (Forex Mastery Institute) Studies.
After the news yesterday we saw a sharp upside momentum on EURUSD. Now we are not trading in the range anymore and it looks like the level of 1,0279 will act as support. If price rejects that level we could expect another push up toward 1,0423. Also, if price is about to move higher we want to see a breakout of the previous high in order to confirm that there...
Although, EURUSD isn't giving us any new highs or lows, today we may actually have a trade. There are some USD news coming out (Consumer Price Index ex Food & Energy) that could affect price action. If we see price rejecting the resistance again, then we can look for short trades with first targets at 1,0121.
Indecision, bearish, and bullish candlestick patterns for USDCHF on the 1 HR Chart....for FMI (Forex Mastery Institute Studies).
Had to mark up a candlestick pattern...a huge 4 HR one of a 1 HR chart. It would have been a huge profit for those that would have got into a sell. For FMI (Forex Mastery Institute Studies).
Canadian Dollar/Yen Japanese still strength in H4 timeframe as we see a bullish hammer formation and this it's mean a bought, if you don't entry from yersterday, you can to entry now, and put your Stop Loss to $104.47 JPY and then, your take profit to $106.10 JPY. We're early to buy!!! Good luck!!!
We're still expecting the next move on EURUSD. The sideways trading is still on and we can actually see price now creating lower highs and higher lows. We won't enter before we have a clear direction. There is still a higher chance to see price breaking below the support. The earlies entry could be made on rejection of the resistance, so watch out for that.