Bearish engulfing at resistanceWhen checking on D1 you can see a large had and shoulder pattern (reversal pattern)
Selling at market price @ 1.61704 and
# SL @ 1.62569 and
# TP @ 1.57477
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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
Candlestickspatterns
MKSI: Longer bottom completed and moving with momentumMKSI worked on a longer-term bottom formation that is completed and moving up with momentum at this time. The consolidations of the past two 1-day runs are very precise and horizontal. These candlestick patterns offered excellent low-risk entries. The stock has an all-time high around $128, so ample room to move up further. It has also completed a near perfect V Trough formation on the long-term cycle indicator chart. Currently price is controlled by professional technical traders.
AUDCAD Potential Buy 100+ PipsGood Afternoon Traders, ForexFargo checking back in.
Today, our analysis is a continue of our previous post regarding AUDCAD falling down.
As price approaches our Support Level of 0.94500, I see an opportunity to buy this pair as it has been in Heavy Consolidation between support and resistance weekly levels.
My resistance level is set for 0.95750.
I am waiting for the market to give me a clear indication around the Support Level, so I am stalking this pair like a hawk and waiting for my entry positions.
I have not placed the trade at the moment, HOWEVER, when there is confirmation in my direction I will set my trade as follows.
Entry @ Support Level of 0.94500
Stop Loss @ 0.94300
Take Profit @ 0.95750
This is a 5:1 RR Ratio.
As always please leave any feedback, positive or negative!
GOOD TRADING!
-ForexFargo
BTC Candlestick AnalysisOn the 4H chart we see 3 consecutive dojis/spinning tops, with another one forming as well. This indicates a lot of indecision in the market currently, and a big move could be coming in either direction. In my opinion, we will break below the 21 EMA that has been tested a couple times already, and head further down. My target remains the same: 6200-6300.
Stay safe,
Vik
XRPUSD BULLISH ROCKETI think that this pair is exhausted from sellers constantly pushing price down. Overall slowly becoming more and more of a bullish market long term if your looking into daily charts. Also pay attention to wicks that show exhaustion. If your looking for any positions for the week of 6/18/18 to 6/22/18 you should be buying and buying. Then the following week we could be in a counter trend phase. But overall this pair is bullish to me.
When will the free fall of Bitcoin stop?Since four in the morning, Bitcoin only knows one direction: down, down, down .
Pivot point is at 11220 and could be easily broken. Support line S1 at 10749 just caused a small delay. Right now, support line S2 at 10381 is ahead of us. Will it break or send BTCUSD upwards again?
The long-term targets of this down-trend are 9005 and 5568.
USDJPY > Simple candlestick signals easy to recognizeEducation > Basic Candlestick Signals
Chart > USDJPY > Non-Farm Payroll News Release > Friday, Oct. 6, 2017 - 8:30 A.M.
Analysis in chart
1. Large body w/small wicks indicate strength
2. Larger the body w/smaller wicks indicate greater strength
3. Long wick w/body at opposite end of candle indicates shift in trend momentum
4. Wicks at both sides w/smaller body in middle indicates indecisiveness and both sides have equal strength
5. Larger wicks w/smaller body in middle indicates increase of indecisiveness
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
GBPCHF Bearish Trend AnalysisGBPCHF - Short to 1.20 level
Timeframe : Mid-Term
Aug. 3 = Engulfing Bearish Candle = Bearish Strength
Aug. 7 = Inverted Hammer = Bullish, but failed verification on next candlestick
Aug. 15 = Falling Three Methods Candle = Strong signal for new Low @ closing, achieved @ 1.2518 - Signals Downward Trend to continue
Resistance & Support Levels:
R3 1.2453 R2 1.2418 R1 1.2366
S1 1.2280 S2 1.2245 S3 1.2194
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.









