Hey Traders, As you can see on the daily candles of Litecoin (LTC). The All Candlestick Pattern has revealed there was a candle with a long longer shadow. This is when the bulls bring the price action to a lower close of the bears sell off indicating control of the bulls. Very good chance to buy in! Safe Trading, -Pulkanator
Long shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate. If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking. You will be surprised, at how much more $$ it will bring you...
Key Resistance level, if the candle closes the way we are seeing now. I may head in for an aggressive shorting opportunity as I love to give a "short"(pun intended) especially when there is a RSI Divergence with Long Shadow candle within the Key Resistance Zone. Going aggressive on this... We shall see... 4hour candle closing in 19minutes time.
A trend trading trade stood up, not only it has a nice closing candle, it has a pretty great Reward:Risk even for the first target. I've engaged in this trade. What're your thoughts on this?
USDCAD reached the key level of resistance in the daily chart. With a pin-bar or a long shadow, the candle do get me interested in shorting it. Wait, an RSI Divergence as well? I'M ALL IN!!! Let see how it goes. While we have this kind of feeling when we spotted a trading setup that meets the analysis we have done days and weeks ago, we have to remember those...
If you have engaged after this candle closed. It is a great call. And this is why you should have engaged in the trade. 1. It has reached the completion price of the Bullish Butterfly Pattern(cyan). 2. Bat Pattern consolidation at D, but fail to break and close above Point X of the Bat Pattern and that is a good sign. It attracts structure traders to hop in. 3....
Bearish Deep Crab on the USDJPY H4 chart. If the candle closes below the red line which is also the HOP level of the Deep Crab Pattern. I will engage in an aggressive trade. Let's see how the candle close at 1200(UTC+3) or 1700(GMT+8)
In about 11mins, I'll make a decision should I short GBPUSD again? Well, what would make me enter my trade? Only 2 conditions I'm looking at, 1. The candle cannot break and close above 1.4172, not even 1pip. 2. A long shadow candle with the long wick above the candle body. Let's see how it rolls out.
Mean Reversion Trade is something that I don't usually trade, but in this case, it looks like the candle close is going to form a long shadow candle within the Weekly Chart resistance area(supply area) providing an amazing Reward:Risk.
If the current candle closes the way it is, there is a potential shorting opportunity for traders who are bearish on UK Pound. Let's see how the candle form up at 1800hr(+8GMT)
On the daily chart, the candle consolidates at the head and shoulders completion and end off with a long shadow candle, such candle formation shows a weakness in the continuation of a bull run. Hence, I'm waiting for a pullback into the Fibonacci retracement zone at 38.2%-50.0% for a shorting opportunity.
On the 16:00(UTC+2) or 10pm(+8GMT) if the candle before it closed as a long shadow candle, I'll head in for an aggressive buying opportunity. Take note that 3am(+8GMT), Fed Reserve Chair, Powell is going to speak, traders who aren't ready for that shouldn't consider engaging the trade. However, if the long shadow candle didn't happen I will not engage this trade.
A bearish shark has formed up at 8am(+8GMT) candle today, along with many of my harmonic patterns trade setup. I've chosen not to engage it as today is the day that many of the states vote counts will be released and we won't know what can happen. During my earlier live session, we had engaged this trade and I did mention as long as the 9pm(+8GMT) candle didn't...
A bearish Gartley setup on the 1-hourly timeframe is very different from the rest of the pairs I've done this week on my analysis. Well you see, for all the analysis that you have seen most likely they are all trade plan and strategies, that's what most traders are looking for, where to enter and where to exit. You just need the 1st step, which is Analyse,...
A simple sell zone and an aggressive shorting opportunity when the market opens on this long shadow candle. Check your live data on the closing price of the bullish long shadow, mine live data, the candle just close at the previous high and did not close above. Trading can be simple.