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#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Short
by mohemati
#GBPJPY Potential upside continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor of long term price movement. As it can be seen in the chart price struggling with supply area for the past few days and failed several times to break below this supportive area. more importantly today after another failed attempt to break below the support price rejected and formed strong bullish hammer candlestick pattern which can potentially shows buyers strength. Now in order to trade this pair I'm looking for price to fail to go lower than the 4H bullish hammer candle low or break above lower timeframe bearish trendline.
Long
by mohemati
Kicker follows through on Nasdaq 100Notice this week's candlestick has fat body meaning the bulls were in overall control following a kicker signal, this is what you'd expect to see after such signal for potential change of direction. It's important to point out a similar kicker signal a few weeks ago has no follow through, instead the very next candle is a inside doji followed by an bearish engulfing candle. Verdict: current change of direction remains in effect as long as there's no contradictory patterns showing up.
NASDAQ:AAPLLong
by FxCloudTrader
1
How Long Can Micron’s Bounce Last?Micron Technology bounced along with the rest of the market over the last week. But now it may be showing signs of continuing lower. The main pattern on today’s chart is the falling trendline along the highs of August and September. While MU has fought above this resistance, trendline breakouts have generally not worked in the current bearish market. Fundamentals are also a challenge as memory-chip demand weakens. Next you have a grouping of candlesticks: a spinning top on Tuesday, an outside day on Wednesday and an inside day on Thursday. Those could mark a top for the recent bounce. Third, stochastics have reached an overbought condition. Finally, the longer-term chart shows little evidence of a bottom. MU’s next likely support zones on the weekly timeframe could be the August 2020 low around $42.25 or the longer-term base around $34: TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:MU
by TradeStation
LINK/ETH APR 15MA: LINK has made 2 consecutive closes above the 4H 10MA S/R It nearly hit all time lows support level (line A) Trend: It is to the right of the major green trend line (definitely significantly bullish) It is above the minor orange trend line (which might be an invalid shorter term line) Candlesticks: (4H): V shape with high close followed by very low range blue candle showing the high close was not attacked by bears, looks like a bottom was formed. I was initially skeptical of this bottom shape though as this can look like a bottom but not be, but it does qualify as a good bottom shape in my opinion. Volume: Volume has been low still, but this might not be significant as most LINK might be traded vs. the USD at Kraken. Trading Plan: Make 5 "aggressive entries" - one at each of the next 5 "qualifying trade setups" including: 1. 2 consec closes above 50MA, 2. hitting the Line A support (x3 size as definitely valid trade) 3. low volatility around Line A support, 4. breaking back above Line A support, 5. break above .0046202 (recent swing high on this break above 10MA) Make 5 "adding" entries after trade is "working" to be determined by: 1. crossing line B 2. 2 consec closes above line B 3. crossing line C 4. crossing line D 5. consolidating above line D (x3 as this is definitely an "end" of the bottoming of LINK as long as price stays above it) Stop of Trade: 10% max loss set below each position entry
Long
by reversalradar
Morning starA morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick. In price action strategy when we see this pattern on support we can trust it 🥰
OANDA:XAGUSD
by sahar21010
1
BTC Quick Correction!Money Makers! From what I'm seeing right now on the weekly TF Bitcoin has made a higher high but at the same time, it looks like a false breakout based on the previous candlestick. With that being said the bears are trying to gain temporary control to bring the prices lower to the next support. We all know when Bitcoin corrects, it happens very quickly. If you're looking to short it, I have mapped out the percent you'll gain shorting to the mapped S/R zones. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice. Simplicity Wins
BITFINEX:BTCUSDShort
by rnaofs
2
USDCAD - LongI am bullish on USD Fundamentally as they are recovering well from the pandemic I am bearish on CAD towards the American dollar as America has a stronger currency I see a consolidation zone in USDCAD from 2015 and we arrived at the bottom of it this month, my entry was a candlestick pattern that consists of 3 candle sticks 1st candlestick must be a continuation of the current trend with no signs of slowing down 2nd candlestick (Doji) 3rd candlestick - this candlestick is a confirmation of the whole pattern, it must engulf the 2nd candlestick fully with its body and at least go into 40% or more of the first candlesticks body This candlestick pattern can happen both after a descent and after a rally
Long
by Lolek1423
Pay attention to $BTC/USD, the latest candlestick shape! BullishIs the bull market returning to BTC? The BTC market is located at the lower limit of the rising channel, and attention is focused on future trends, but first of all, please see the daily chart for the last 7 days. The candlestick bodies stop at around $10,100, making a long lower whiskers on all the candlesticks. I haven't seen such charts much. Regarding this, although buying and selling are intermingled, suggesting a situation where you can not go to either, but the bottom price is solidifying, and it seems that the bottom price will solidify and it will start to rise. , And are generally considered. In addition, it is important to note if the long-term moving average (100MA) functions as a support line in the upward direction. Since 2017, 100MA has no track record of supporting candlesticks in the upward situation. Then, if supported at the current price, there is a possibility that it will have an uptrend that has never been seen before. The number of new addresses is also increasing, and the momentum of increase is likely to accelerate from here. Since buying and selling are inundated, high volatility and rapid price movements, we would like to continue thorough risk management and re-consciously consider risk-reduced trade.
BITSTAMP:BTCUSDLong
by Moshin_GW
1
Fantastic OpportunitiesAs the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself. There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart. The important candlesticks confirmation on the Gartley Pattern at X requires the next candlestick to touch 71.47 before the pattern is valid; failure to do so, I'll be waiting for the Bearish Bat Pattern. Magic Candle has to appear at 72.94 for the Bat Pattern on the 4-hourly chart(right) to be valid. This is how trading should be. Plan your trade, and wait for candlestick pattern confirmation before engaging the trade. What's your trade plan for WTI?
TVC:USOILShort
by RaynLim
2
A 711pips of profits that could be yoursA 711pips of profits could be yours if you join our Weekly Wednesday LIVE Streaming Session on TradingView. Should you ask me my view on EURJPY and choose to engage the Bullish Deep Gartley Pattern at 138.17? What happens next could be of better use to you, a Potential Bearish Flag Pattern trading setup. There are 2 ways I would engage it. The first way is to wait for a break and close below the current trendline, and I'll wait for a retest before engaging the trade. Another way would require the market to rebound and pause on the higher trendline. That is when I will wait for a candlestick pattern confirmation before engaging the trade.
Short
by RaynLim
1
TSLA: About to CRASH again? Pay ATTENTION to these key points!• Yesterday, TSLA did a bullish candlestick pattern, a Harami, just above the support level at $110; • This is the second Harami we see. Usually, Haramis aren’t strong reversal patterns, and even when they get triggered, they are poor performers. Unlike the previous one, this time the pattern wasn’t even triggered; • This indicates that the trend is still bearish, and if TSLA loses the $110, the next technical support level is the $91 (blue line, weekly chart); • Only if TSLA confirms a very good bullish reaction above the $110, we might see it bouncing again to higher levels. So far, no bullish reaction; • The key point that could reverse the bearish sentiment, at least in the mid-term, is the $126 area. This would be the peak between the two valleys of this possible Double Bottom chart pattern in the daily chart; • These are the main key points to watch on TSLA for now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
Strong Uptrend Pattern!The candlestick pattern indicates rising candlesticks methods, hence, a bullish continuation candlestick pattern that occurs in an uptrend towards the next price resistance. Backed by high-volume support the price continuous movement. RSI indicates a fresh buying interest in the stock hence the oscillator graph above indexes 50. Thus confirming the price movement. The OBV and MACD show a continuous uptrend and backed the price movement toward the next price resistance. Precaution for a price correction between 10%-20% from the recent peak due to short position by the traders. Let's save TOPGLOV in WL and watch out for significant price movement towards the MA50 line backed with volume. R 0.780 S 0.630
MYX:TOPGLOVLong
by eskopitehmilo
BTC Bitcoin: Shooting Star CandlestickHello friends, today you can review the technical analysis on the Yearly chart for Bitcoin ( BTCUSD ). Many people all around us are predicting that the crypto market will rebound and though I want to be optimistic, I have to be realistic because too many people bought crypto at high prices unlike some of these people on YouTube that bought under $500 so for them it's a different story. Simply said, be realistic about bitcoin and the markets. 1) The Bitcoin price year over year has been growing significantly with 2021 sending the price to an all time high. 2) This created a long candle wick on the yearly chart in 2021. 3) Though the price is currently hovering around $50K, it may not be as concerning, however seeing the weakness and volatility in the market (crypto, stock, commodities, and others), there is a chance that Bitcoin may close the year around $40K. 4) If the price closes around $40K, the yearly candle will form a Shooting Star Candlestick. 5) Since this is a bearish candlestick and generally indicates a trend reversal, it is very possible to see a major drop in Bitcoin price for 2022. 6) This is just an idea and there are many other factors that are involved but from historical patterns of seeing Shooting Star Candlesticks, it usually doesn't go well. 7) It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTCUSD
by MillionaireEconomics
14