In AUD/JPY price protected by serveral important factors which:
1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100
2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060
3. Our Trade Stoploss protected by nice trend line (...
GOOG retraced 50% of it's recent swing up last Friday and closed with a hammer candlestick above this level. Despite being a "red" hammer, it is potentially bullish as it initially pierced below the 50% fib level @ 1467 but closed above @ 1482.
Incidentally, 1465-1485 is also a prior "resistence" zone turned support.
Long at 1482 with initial stop @ 1450 (a few...
The dollar had been fluctuating a lot for the past few days,
it's not a bad idea to look for some minor pairs' trading opportunity.
Here we got this AUDNZD bullish pattern,
I'll be willing to take the breakout long on the hammer.
Let's see how it goes yo!
looks like it's formed another flag and is bouncing off the top of the green fib channel.
Keep an eye on the purple trend line. Btc has been rejected off of it time and time again over the past month.
I believe it could reject again down to 9,080, or break out into the 9,700 area.
Entry above the hammer as indicated by the
arrow. The price will probably come down for
the next several days before reversing(I am
anticipating a bear trap at around $164). If bulls
begin appearing then it should rise to the order
entry. At this point it will make another
attempt to break all time highs. I will take some
profit here and expect a small rest...
Triangle formation at 1D time frame. It is resisted three times to the long side along the trendline. It also supported two times the second time with a hammer at the bottom. I could possibly continue up to the bull side if we get one or preferably two more confirmations to enter. It could also retest and continue down to the main upward trendline, but again we...
Trader, there is a Bearish Hammer Candle #US500 #SNP500 #SPX.
Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
ETHBTC has thrown a very bullish signal from trendline support today in the form of a large bullish hammer. I like this setup for a number of reason 1)the hammer that formed was large in size 2) price bullishly reversed from a key support level 3) there was almost no upper wick on the candle. I think the chances are very high that ETHBTC rallies into the...
Analyzing AMD from the technical perspective, we see that the peak was reached at 57$,
After that, the stock retraced some of the gains and went back to the support of 52$ and the stock is now ready for the next leg up.
Our stop loss is set at 49$, a healthy 3$ spread, there is a greater chance that the stock will move to the upside but in case it...
GBPJPY - H1 -Double Top - SELL
We have a breaish trend on the H1 chart and price made a Double Top with a Pullback under the 200 MA,
with long wicks candles: a Hammer and a shooting star this tell us that de Bears are taking the lead.
We enter short @ 130.75.
Entry: 130.75 | Stoploss: 131.25 | Takeprofit1: 130.05...
Rejection at support
Spike in volume
That price rejection actually tells us that people were afraid and panic sold at open, driving the price down until it encountered some buying pressure and price went back up.
When gauging this candlestick pattern, it is important that :
It is at a support level
Occurs after a...