Doji
Another example of a doji (support and resistance)So the price crashed into the uptrend line on my chart and a doji formed at the end of an uptrend. When a doji forms like that during an uptrend it can signal a reversal. Keep your eye on candles like that. Also notice that if you would have sold at the doji and watched it drop it bounced right off the 50 MA. That tells you a lot. Understanding support and resistance is a huge part of being a successful trader
AUD/CAD LONGWe hit the resistance, now its pretty clear that we will hit the block i drew in, its an "doji" candle time zone, as I call it, at that time the market was indecisive, now as we hit equilibrium we can see that its now decisive, with an clear long position.
Doji dropLook what happened after this doji candle appeared. Keep an eye on candles like this especially on an uptrend because they can signal a reversal.
EURAUD Massive daily resistance and rejectionNow EURAUD is a pair I have come to build some what of a love hate relationship with over the past 6 months. Previously taking shorts at a similar level in January before being annihilated by the flash crash. Luckily I did re enter and caught a lovely 500+ pips. Anyway that's besides the point, currently we are back at this huge resistance zone, where we saw daily pinbars back to back. This along with a few other confluences prompted me to enter short position, but hey what do you know we get a lovely news release pushing us up and through the zone leaving a slight fake out. On the 18th June we then saw buyers continuing up before plummeting back down engulfing 3-4 days of previous price action! At the time of writing we have just seen another pinbar printed and left on the daily with a Doji body. This again, along with other confluences has prompted further short entries for myself!
Overall view of XAUUSD1358.5000 top level was reached after a sharp bull trend. Prices settled on a resistance zone and were subjected to a bear pressure. On the daily chart has formed a lower doji bar, confirming a rejection by the bears to drive the prices higher. 1360.000 is an iconic level since 2016 and prices tend to plunge every time they reach that strong resistance area. Odds of a reversal and a bear run are medium/high.
Possible targets : @1320.000 (+2000pips or 20$ per ounce) and @1270.000 (+7000pips or 70$ per ounce).
Advice : Stay bearish and sell at any high point while we don't break the resistance zone or 1360.000 top level.
Correlated pairs : XBRUSD (brent oil) -92.2%, XTIUSD (crude oil) -87.9%,USDCHF -87.9%, EURUSD 69.3%.
We are more likely to experience a strong bull spike with the Energy pairs and USDCHF while a minor effect on the EURUSD.
BITCOIN forming beautiful Candlestick Analysis in 9000.Welcome Traders to SNIPERTARIY
Beautiful spinning top formation in Key level 9000. Also 78.60% respected 2 times. To add another position wait for daily closure. The break below the counter trend line invalid this idea.
If you like my ideas give this post a like, its free.
Dm me if you whant to trade like me.
"trade what you see, not what you think its going to happen"
Namaste
SNIPERTARIY
Overall View of EURUSD - Update of June 17th week1.13478 top level was reached after a sharp bull trend. Prices settled on a resistance zone and were subjected to a bear pressure. After a strong reversal signal on June 12th, the odds of a bear trend became higher.
Possible targets : @1.12000 (+75pips) and @1.11200 (+150 pips).
Advice : Stay bearish and sell at any high point while we don't break the resistance zone or 1.13478 top level.
Correlated pairs : USDCAD (-87.8%) and XAUUSD (62.5%).
We are more likely to experience a strong bull spike with the USDCAD while a minor effect on the XAUUSD .
Previous view: Odds of a bear continuation are high, stay bearish and sell at any high points while we don't break the resistance zone or 1.13478 top level.
Actual outcome: Prices were side ways with a test of the strong institutional level 1.12000 and forming a daily doji bar. Likewise bulls attempt to reverse the trend failed
Actual view: Prices are still subjected to a bear pressure. Odds of a bull trend continuation are high.
Possible targets : @1.12000(+20pips) and @1.11400 (+80pips).
Advice : Stay bearish and sell at any high point while we don't break the 1.12600 top level.
Correlated pairs : USDCAD (-87.8%) and XAUUSD (62.5%).
USDCAD is still on a very strong bull spike, confirming that there are more odds for the EURUSD to continue its downtrend.
1. buy on the low 2.Hodl 3.ProfitThot Process for this move:
Relatively significant downward trend on daily chart that leads into 2 DOJI that indicate loss of downward momentum as the bears have lost control of the market, leading into a reversal indicator of a Bearish engulfing showing that the bulls are making a push after the price hit a 3 times tested support in the weekly chart.
Thoughts?
XAUUSD AT MULTIPLE YEAR RESISTANCE !!Hello traders,
We once again bring you a possible opportunity to bank some pips !!
This time the pais is XAUUSD , wich at the moment is at a very strong Resistance since 2016.
At the 1D chart we can already see a Doji candle, wich can indicate the reversal we are looking for, however i recomendo to wait for confirmation before entering.
Better be safe than sorry.
Trade Safe,
Dracma Trading
BITCOIN touched the third bounce. Candlestick analysis. My long trade published yesterday was touched to the Tee and the close of the 4H candle was a doji , perfectly align with my zone and 78.60% As always use stop losses because the market right now is deciding what to do, but in the mean time you can play with the zones and with candlestick analysis to find confluence in the market.
"Enter correctly, let your profit run and cut your losses fast"
Remember: get profits out the table! This is a profession and you earn it, enjoy the profit my friends!
EURUSD: Triangle, Doji and Triple BottomTechnical: FX:EURUSD now playing in descending channel, triple bottom, Doji, playing below of 200 SMA. Let's see is it can break it.
Fundamental: ECB minute coming, will it need to see will there more hawkish or dovish
$CYRN Potential Weekly Reversal Pattern #SequentialWe could see a price reversal at the end of this week
A Morning Doji Star is currently appearing
The previous TDST Support could be a strong resistance.
Bearish Sequential Countdown is still in progress (3/13 bars) and we need to close above TDST Support or a TD Sell Setup (9 consecutive price bar closes that are greater than the close 4 price candles earlier) to cancel it.
About TD Sequential:
MATHR3E
Trade buy long and first target is easyspike and heavy volume can give the up breakout.
Buying is best at lower excess.
SHS CAC40 4H/1DSHS on 1D near to break down. Just did a pull back to upper side of bearish directrix today leaving a 4H bearish candle and way to live it in 1D also. It could break down soon this week.
Likely to go down until 0.618 fibo retracement (around 4950). I would set sl at around 5415.
Investing in Cannabis company´s via block chain Massive accumulation zones in 0.002 cntvs. Very Risky trade but so rewarded. LONG TERM TRADE.
EURGBP( Day Trade )
Shorting EURGBP at 0.8828 with a Sell Stop Order
TP: 0.8736
SL: 0.8858
Risk : Reward
1 : 3
30 pips loss : 90 pips gain
Don't Follow if you don't know how to manage your risk according to your account Equity!
Happy Trading :)
CHFJPY - LONG - GARTLEY PATTERN - RSI - Wedge1, Gartley Pattern
2, D point on monthly support zone
3, Doji Candle Daily closure at D point
4, RSI Divergence (H4)
5, Falling Wedge (H4)
CAC40 Major resistance (Weekly chart)We can look for shorts if that weekly doji candle breaks down. If bears are able to successfully defend this key resistance we could see a move down towards 5100. If not a continuation towards 6150 is likely.
