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AUDUSD (H4): SHORT NOW on the TWEEZER Candlestick Pattern!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis, support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! In my previous analysis I explained the reasons I believe the market is going to fall down soon, you could check it out on my "Link to Relates Ideas" or clicking on the link below: Let's focus now only on the area that interests us: As we can see, the price reached an important resistance zone, that rejected the price many time in the past. It actually created a clear Bearish Tweezer Candlestick Pattern; IF THE PRICE will continue on the same trend (let's wait the next candle to have a confirmation before opening any position), you could place a short trade: ENTRY POINT: 0.76500 TAKE PROFIT: 0.76153 STOP LOSS: 0.77437 RISK/REWARD RATIO: 1.53
Short
by FXtrades-gp
2
Falling star candlestick suggests QQQ may pull backThe technology-heavy Nasdaq index has been greatly outperforming the S&P 500, as investors flee to the relative safe haven of technology stocks. However, tech stocks have gotten fairly expensive, and it's hard to see more investors piling into companies like Apple or Microsoft as these companies close their retail locations. I think tech will continue to outperform other sectors like banks, travel, and energy, but it's still probably due a good 10% pullback from here. In terms of technicals, we got a falling star candlestick on the weekly chart and what looks like a fairly large bearish divergence. The daily chart also shows bear divergence: Tech might return to strength during the mid-July earnings season. Tech companies tend to outperform analyst earnings expectations, and early guidance has so far looked good. Meanwhile, there could be slaughter in other sectors as companies loaded with debt offer weak guidance for the year ahead. Thus, I will treat a Nasdaq pullback in the next two weeks as an opportunity to buy into earnings season. I'll probably focus on some tech sector-specific ETFs like SOXX and EWCO.
NASDAQ:QQQ
by ChristopherCarrollSmith
3
NZDCAD Daily Closes Finaly With A Bullish CandleStick Formation About 2 Weeks Ago NZDCAD Broke Out of Its Wedge Pattern At A Weekly Major Support (See Previous Posts On NZDCAD) Since Then We Have Had 2 Chances To Get In, 1st When It Broke Out 2nd Was At A Trend Line Break, Now We Have A 3rd One, The Daily Closed With A Bullish Engulfing Candlestick Formation (See Yellow Circle on The Candle) With A Counter Trend Line Break, And On The Lower Time Frames The Market Took Out Some Highs As Well, It Looks Like The Market Is Finally Ready For Take Off. We Also Have The RBNZD Rate Decision Coming Out Soon, Lets See How That Will Affect The Market.
Long
by ElyaStein
BITCOIN touched the third bounce. Candlestick analysis. My long trade published yesterday was touched to the Tee and the close of the 4H candle was a doji , perfectly align with my zone and 78.60% As always use stop losses because the market right now is deciding what to do, but in the mean time you can play with the zones and with candlestick analysis to find confluence in the market. "Enter correctly, let your profit run and cut your losses fast" Remember: get profits out the table! This is a profession and you earn it, enjoy the profit my friends!
BITFINEX:BTCUSD
by snipertariy
2