GBPCAD | Live position reviewEven though this was not part of my plan for the week; the identification of a reversal structure within a strong demand zone on a weekly time frame incited a call for attention.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Reversalpattern
XAUUSD | Live position reviewThis is a follow-up detail of the video I published on this pair during the weekend (see link below for reference purposes).
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD | Perspective for the new weekA reversal pattern was identified on the 4H time frame as the pound appears to have bounced up to erase previous losses in recent time.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Inverse Head and Shoulder)
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURUSD | Perspective for the new weekThis is my first video tutorial and I am not sure I am good at this but let me know if the video tutorial is preferable. Thank you
Tendency: Uptrend (Bullish)/ Downtrend (Bearish)
Structure: Supply & Demand | Trendline
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDCAD Analysis - Bearish Bias on 4 HRWelcome back! Here's an analysis of this pair!
**AUDCAD - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Beware False Breakouts! How To Spot Them...Investors should use basic Technical Analysis for powerful decision making. I see it as a challenge to demonstrate how useful knowledge of one simple pattern can be to identify price reversals. Recognizing this pattern and acting on it will save much money and headache!
Both traders and investors need to be on guard for false breakout reversals. Seeing this pattern in action can provide an excellent profit target, entry point, or prevent major drawdown!
In this video I look at examples in the Silver ETF AMEX:SLV , Spotify stock NYSE:SPOT , and Forex Euro/Dollar pair FX:EURUSD for false breakouts and what follows.
I am excited to make this video for my viewers and for Best of Us Investing!
Wanna identify reversals? This video shows how I do it :)The time is going to be coming soon when the market is going to go back to a bull market. But what if you could identify how to find those reversals yourself? In this video I go over how I use TA to find VERY important reversal and breakout zones. Enjoy
Tricktrap and Fool company, We are Huntin Ducks now Babies. TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you.
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Candlestick Chart Part 2 : ReversalsHello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
Today's video will be about the Candlestick Chart : Reversal Patterns.
So lets start by talking about the different types of Patterns :
Bullish Reversal Patterns
Bearish Reversal Patterns
And they are divided into 3 groups :
Weak Patterns
Reliable Patterns
Strong Patterns
We Start with the Weak Reversals :
1) Dragonfly Pattern :
A dragonfly doji candlestick is a candlestick pattern with the open, close, and high prices of an asset at the same level. A dragonfly doji pattern does not appear constantly. It is used as a technical indicator that signals a potential reversal of the asset’s price.
2) Hammer & Hanging Man Patterns :
The Hammer is a bullish reversal pattern that forms during a downtrend. It is named because the market is hammering out a bottom.
When the price is falling, hammers signal that the bottom is near and the price will start rising again.
The long lower shadow indicates that sellers pushed prices lower, but buyers were able to overcome this selling pressure and closed near the open.
The Hanging Man is a bearish reversal pattern that can also mark a top or strong resistance level.
When the price is rising, the formation of a Hanging Man indicates that sellers are beginning to outnumber buyers.
The long lower shadow shows that sellers pushed prices lower during the session.
Buyers were able to push the price back up some but only near the open.
3) Inverted Hammer & Shooting Star Patterns :
The Inverted Hammer occurs when the price has been falling suggests the possibility of a reversal. Its long upper shadow shows that buyers tried to bid the price higher.
However, sellers saw what the buyers were doing, said "No!" and attempted to push the price back down.
The Shooting Star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when the price has been rising.
Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom.
4) Dark Cloud Pattern :
A 2-candle pattern. The first candle is bullish and has a long body. The second candlestick should open significantly above the first one’s closing level and close below 50% of the first candlestick’s body. The sell signal is moderately strong.
5) Piercing Pattern :
A 2-candle pattern. The first candlestick is long and bearish. The second candlestick opens with a gap down, below the closing level of the first one. It’s a big bullish candlestick, which closes above the 50% of the first candle’s body. Both bodies should be long enough.
6) Upside Gap Three Method :
The upside gap three methods candlestick pattern is a bearish continuation pattern that only occurs during an uptrend. It consists of three candles. The first two candles are long and white in the direction of the prevailing trend. The second black candle creates an upside gap. The third candle fills the gap between the first and the second candle.
7) Downside Gap Three Method :
The downside gap three methods candlestick pattern appears during a downtrend and consists of three candles. The first two candles have a gap down between them while the third candle covers the gap between the first two. The gap between the first two candles simply gets filled.
8) Bearish Harami Pattern :
A 2-candle pattern. The body of the second candle is completely contained within the body of the first one and has the opposite color.
9) Bullish Herami Pattern :
A 2-candle pattern. The body of the second candle is completely contained within the body of the first one and has the opposite color.
Now Lets Talk about the Reliable Reversals :
1) Bullish Engulfing Pattern :
A 2-candle pattern appears at the end of the downtrend. The first candlestick is bearish. The second candle should open below the low of the first candlestick low and close above its high.
2) Bearish Engulfing Pattern :
A 2-candle pattern. The first candlestick is bullish. The second candlestick is bearish and should open above the first candlestick’s high and close below its low.
3) Tower Top Pattern :
The tower top is a reversal pattern that occurs at high price levels. Typically one or more long bullish candlesticks are followed by a few smaller real body candlesticks and then the pattern is completed with one or more large bearish candlesticks.
4) Tower Bottom Pattern :
The tower bottom is a reversal pattern that occurs at low price levels. There is one or more long bearish candlesticks followed by a few smaller body candlesticks and then concluded with one or more large bullish candlesticks.
5) Bullish Abandoned Baby Pattern :
The bullish abandoned baby is a pattern that appears at the end of a downtrend and signals reversal to an uptrend. Simply put, it signals an end of the selling pressure of the bears and return of the bulls in the market.
This pattern consists of three candlesticks: the first candle has a black (or red) big body, the second is a small and bearish candle – or a Doji, and the third is white (or green) candle.
6) Bearish Abandoned Baby Pattern :
The bearish abandoned baby is a reversal pattern that forms during an uptrend. It is characterized by three candles, where the first candle is long bodied and white/green.
The second candle is a Doji that gaps above the close of the first bar in the series. The third candle opens below the close of the second bar and is long bodied and black/red.
7) Dumpling Top Pattern :
A dumpling top occurs when small real body candlesticks slowly rise and then move in a neutral to downward direction. The dumpling top pattern is complete when there is a bearish candlestick that gaps down from the other candlesticks.
8) Fry Pan Bottom Pattern :
The opposite of the dumpling top is the fry pan bottom pattern. The fry pan bottom occurs when small real body candlesticks slowly move downward and then move in a neutral to upward direction. The fry pan bottom pattern is complete when a bullish candlestick gaps up from the rest of the candlesticks.
9) Bullish Belt Hold Pattern :
A bullish belt hold shows up in downtrends. The pattern can be recognized by one long, full-bodied candlestick that is bullish and opens at a new recent low. The bullish belt hold candle is expected to have a flat or nearly flat bottom. The top has a small shadow, relative to the length of the body.
10) Bearish Belt Hold Pattern :
The bearish belt hold is the complete opposite and it comes up in uptrends. To detect it, look for a long full-bodied, bearish candlestick that stands out at the top of an uptrend because it will get to a new recent high and it should be noticeably longer than the other candles.
11) Tweezer Top Pattern :
The Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend.
It consists of two candlesticks, the first one being bullish and the second one being bearish candlestick.
Both the tweezer candlestick make almost or the same high.
12) Tweezers Bottom Pattern :
The Tweezer Bottom candlestick pattern is a bullish reversal candlestick pattern that is formed at the end of the downtrend.
It consists of two candlesticks, the first one being bearish and the second one being bullish candlestick.
Both the candlesticks make almost or the same low.
And Last but not least The Strong Reversal Patterns :
1) Three White Soldiers Pattern :
A 3-candle pattern. There’s a series of 3 bullish candles with long bodies. Each candle should open within the previous body, better above its middle. Each candle closes at a new high, near its maximum. The reliability of this pattern is very high, but still, a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.
2) Three Black Crows Pattern :
A 3-candlestick pattern. There’s a series of 3 bearish candles with long bodies. Each candle opens within the body of the previous one, better below its middle. Each candle closes at a new low, near its minimum. The reliability of this pattern is very high, but still, a confirmation in the form of a bearish candlestick with a lower close or a gap-down is suggested.
3) Morning Star Pattern :
A 3-candle pattern. After a long bearish candle, there’s a bearish gap down. The bears are in control, but they don’t achieve much. The second candle is quite small and its color is not important, although it’s better if it’s bullish. The third bullish candle opens with a gap up and fills the previous bearish gap. This candle is often longer than the first one.
4) Evening Star Pattern :
A 3-candle pattern. After a long bullish candlestick, there’s a bullish gap up. The bulls are in control, but they don’t achieve much. The second candlestick is quite small and its color is not important. The third bearish candle opens with a gap down and fills the previous bullish gap. This candle is often longer than the first one.
5) Bullish Three Line Strike Pattern :
A bullish three-line strike is made up of four candles. Of these, the first three are bullish, while the last is bearish. It is made up of three strong bullish candles that progressively end higher followed by a final strike candle. The strike candlestick is bearish and begins at or higher than the third candle but closes at least lower than the open of the first candle.
6) Bearish Three Line Strike Pattern :
A bearish three-line strike is a four candle continuation pattern that comes up in a bearish trend. The first three candles are bearish, while the last candle is positive and ends above the highest close of the previous three candles.
I Do wanna mention General Reversal Patterns :
Three Mountains is the same as Triple Top Pattern
Three Rivers is the same as Inverted Triple Top Pattern
Buddha Top is the same as Head and Shoulders Pattern
Inverted Buddha is the Same as Inverted Head and Shoulders Pattern
I hope that I was able to help you understand Reversal Patterns in Candlestick Charts better and if you have any more questions don't hesitate to ask.
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 links will be bellow
GBPUSD Bullish Trend Resumes Above 1.3800
Daily Chart: The GBPUSD has been one of my long-term pairs, the Daily chart is still bullish, we have seen the correction of the HH Last Action which retraced very deep. Price again rallied to give us wave one of the WOS. Now the correction is trading at 50%.
4Hr Chart: The trend is up price has retraced nicely with a clean corrective wave down without breaking below the structure.
5mins Chart: Three trend-changing patterns followed by a manipulation wave which ended with Market Structure Reversal Setup.
Long: 1.37690
Stop Loss: 1.3748
Long Confirmation: 1.3800
Intraday Target: 1.3856
Bull case on AMC. Technical AnalysisWe broke out of the double bottom and we're going to see a retest of the $40 breakout. If we hold that we can see upside towards the descending resistance trendline, we break that, move through the supply zone, and go above $70, we have confirmed that we are out of the downtrend we've been seeing the past month.
This is my first published idea, since I'm feeling to have a good grip on TA after a full year of trial and errors :)
Engage- Reversal Pattern -2 Extreme Reversal setupThe first Video on Education series - Engage - The Trade Setup
The first candlestick pattern that I will discuss is the wick reversal setup, which is a pattern that can spotlight some of the best reversal opportunities in the market.
studied from Book Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market
www.amazon.in
Happy learning.
( Education purpose for all )
Engage- Reversal Pattern -1 Wick ReversalThe first Video on Education series - Engage - The Trade Setup
The first candlestick pattern that I will discuss is the wick reversal setup, which is a pattern that can spotlight some of the best reversal opportunities in the market.
studied from Book Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market
www.amazon.in
Happy learning.
( Education purpose for all )
S&P 500 Futures - change of behavior with these telltale signs20 Apr 2020 recap - Despite S&P 500 futures ( CME_MINI:ES1! ) dropping 63 points, it is still above 2800 support level. Yet there are some of telltale signs as shown below provide a red flag to me that there is a change of behavior in S&P 500 futures, suggests the up swing could at least be stopped for now with possible reaction to test the supports at lower levels.
In my previous post, I have mentioned shortening of the upward thrust and up wave in both daily and H4 charts, suggests the losing momentum in S&P 500. The up thrust movement (i.e. only temporary commit above 2845 and quickly fall back) created in the past 3 trading days coupled with somewhat climatic action in 17 Apr plus a break down of the channel in H4 timeframe coincides with support level 2800 (unfolding as of writing this post).
The above telltale signs convince me that there is a change of behavior in S&P 500 futures, which means that the inch up movement might be ending soon. A break below 2750 support level should signify a change of character for S&P 500 to start a down move to test the support on the lower levels.
Bias - down
Key levels - Resistance: 2800, 2850 Support: 2750
Potential setup - look for a test of 2800–2810 to short upon rejection with a target at 2772, 2750 or lower. Stop loss at 2825.
XAUUSD big short (Elliot Wave, Candle Stick Pattern, H&S, S&D)Hello Traders
Confirmations
1) Elliot Wave
2) Candle Stick Reversal Pattern(weekly)
3) H&S Pattern
4) Supply & Demand
This is my video analysis on GOLD. I hope you liked it. Please leave a like and tell me your view.
Also if you have any questions let me know in the comment section down below.
Thank you and we will see next time
- Darius.
EUR,USD,JPY Go Nuts After ECB! Fed, BoJ Expectations More DovishIn today's #marketinsights video recording I analyse EURUSD and USDJPY!
Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of:
- Limited rate cut compared to markets expectations (only 10 basis points)
- Draghi's call on governments for fiscal stimulus (supporting EA economies?)
- Widening yield differential against the dollar (ECB can't move lower, Fed can)
- Expectations that the Fed will cut next week (a weaker dollar)
On the other hand, the yen was also negatively affected by ECB's decision to ease. But with an ultraloose policy in the books for quite a number of years now anyway, easing would be worst in Japan rather than in the US. Hence the bullishness in USDJPY!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
GBPJPY REVERSAL ?AFTER A LONG BULLISH FROM EARLY JAN'19 GbpJpy was trying to reach 149 resistance, 2 consecutive candlestick signal DOJI follow by Evening Star Doji and RSI Overbought / Divergent with the previous high 149, we will stop LONG position and aim to find the best SHORT position at 61.8-78.6 retracement
Bitcoin BAT: You need to work for the sake of the marketAs mentioned in the Video... this is really the last bullish harmonic pattern out there at the moment and it just happens to be on the most important Crypto of them all.
From time to time BTC does not determine ups & downs in other crypto but that is the exception. At the moment the RULE is BTC is leading the way so if this pattern were to "work" then that is really good for all of the people who have positions in pretty much any crypto.
I will update you on my entry, stop, profit targets and trade management when I get an opportunity to get in.
Until then I wil pay close attention to how price reacts of the D of BAT pattern.






















