As predicted price broke out of the wedge to the upside and if we look at the long term pattern, we can see that price is heading to the resistance trendline of the monthly channel. Currently I am looking for a break above current resistance where I will enter a long term trade to the resistance trendline.
Potential for Long Trade on Gold on the H4 time frame Gold is forming a bullish reversal pattern. Morning star or bullish hammer potential formation. Pay attention to this trade.
There is a Bearish engulfing pattern on 12.10.2017 completing a morning star for GBPNZD. Trade as follows: Sell Limit:- 1.848-1.85 Stop Loss: above 1.87 Take Profit: 1.78 If keen, learn more at forex.today wonderful place for new and seasoned traders by the way.
Once again, short & simple morning star, this time forming on WEEKLY. Previously as linked, a morning star formed on the daily and price has since risen more than $400: If formed with price holding while closing the week in green on more than half of the body of the first red candle, I expect prices to continue trending upwards in weeks to come (albeit with...
I'm long on the top of the w since i had no clue what i was doing at the time and got a market order that just dropped lol but now i'm learning to read the charts... back a step to go a step. Feedback welcome, i am bullish now however.
Feedback is really appreciated, I'm learning to recognize patterns, especially morning star and double bottom.
Just using ideas for my own learning, but would love feedback in my progress of learning to read charts. Still mainly paper trading, only a few longs in stocks and crypto. Just to experiment.
FX: a chance to trade. eur usd was drifting lower near resistance line in a correction wave. watch for reversal pattern to initiate trade @ 1.18200 to catch the uptrend. watch bullish engulfing bar /doji / morning star pattern to initiate bullish trade. TP1 @ 1.1867 TP2@ 1.1915 TP3@ 1.19752
BITSTAMP:BTCEUR has been ranging since mid august 2017. Price has reached now a zone of support that indicate hesistation in the market. The bears seem unable to push price down. After the formation of the morning star , I took this trade without any hesitation. SL @3484 and TP who knows :-)
We can see double top which stopped bullish movement with candle with long wick. I marked 2 GAP's which are respected by market in some way. The bottom one is clearly respected by market and gave nice push for the pair to move higher. I decide to put many arrows on the chart:) I would suspected that the pair will try to rebound from these 3 levels. In my...
Bytecoin reached significant level which is latest higher high and very important Fibonacci level which is rarely used 14.6%. These two signals combined with almost perfect morning star candlestick pattern made it nice buy opportunity.
1. Bullish Reversal Pattern Morning star Candle 2. Bullish Harmonic pattern Alt BAT 113% CL1! cl2! usoil wtiusd
Candle Pattern Bullish Reversal Pattern Morning Star GC1! FX:XAUUSD COMEX:GC2!
ENTER 8.37 STOP 8.02 TARGET 10.89
Notes: Price is in an overall downtrend initiated on 2.15.2017 with a Morning Star formation on the Daily at Weekly and Trend Line resistance level of 114.900. There are multiple confluences indicating that the USDJPY will fall further. I see no reason to buy this pair. Sell Confluences : - Key level rejection at 113.700 indicating bearish trend. (Medium) - H4,...
In my previous EURUSD analysis, i mentioned about morning star from support level. This pair followed this nicely and moved 250+ pips. Now this pair has formed bearish bat pattern. On the chart, we can see D point which is the sell point for this bearish pattern. Price has been rejected from that level and fall more than 100 pips. Expecting more down on this pair...