After the hard Fall which just occurred for Bitcoin , it managed to rally up again, leaving us with a potential "Bullish Hammer Candle".
The Hammer Candle is not yet confirmed, so taking a Trade right now is not recommended. The Hammer Candle gets confirmed if the following Candle closes above the closing price of the Hammer Candle itself, ideally, with sings of...
Hammer Candlestick giving off a Bullish signal to go along with Divergence on the RSI. I bought a Bull Call Spread with 42 days to expiration. You don't need a large move to make money on this move. I bought the 325C and sold the 330C for $2.38
today was a big flush. However looking at the big picture this is a nice place to bounce. Some people's fib saying this is 50% level. Mine says 38.2% level. Whichever the case, if you are bullish this is not a bad place to add.
#AMZN bullish signal
Entry price: 3320-3350$
Target price: 3500-3540$
RSI: approaching 30 which is oversold territory
Keltner Channel: the price at the lower boundary of the channel
Candle pattern: bullish hammer
Conclusion: Candle pattern, RSI and Keltner Channel suggest a pullback to the upside. Long position is recommended on the lower band...
USDZAR Close Price 14.13530
USDZAR EMA 10 Close Price 14.08147
USDZAR EMA 20 Close Price 13.99052
USDZAR Fibonacci Retracement Level 23.6% Price 14.15898
Pin Bar (Rejection Candle) is at a higher low position.
Thank you for considering reading my idea.
In addition to some bullish TA I have been posting recently, I just noticed that when we closed our weekly, the MACD histogram gave us an impulse. This means that momentum or the MACD line (yellow line) is weakening to the downside meaning sooner or later we may see a reversal of the MACD line and the...
I think we have a reversal here!
Not 100% sure, but I'm going to say it's going to happen.
Using the 4 hour chart. Could be a move towards an upward trend!
From the looks of it seems like its getting close, but only time will tell!
Once this candle ends, if it can close finish above the previous close we're in a good position for this to happen!
If we do...
on this pair you can see we have a 1 day hammer below market now 1d hammer break and retestes can provide clean trades, we also have an inside bar on the daily now these candles have a pretty high failure rate so i usually go agains them.
my trade idea for today is to see if price can get into the hammer high and the ill be looking to buy it up to the inside bar...
On the EURAUD we can see a RD+ and double bottom pattern which is a strong pattern for reversal on the other hand, on the major pivot point and demand zone has a nice hammer with a massive wick.Totally; we have lots of signals on the chart which is telling us the price's moving is gonna revers.For now, jump to the long position till our target what...