Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Looking at the hourly to see if the dip was predictable and the writing was on the wall with this dip. We had a shooting star followed by 2 inverted hammers. All bearish when at the top of an uptrend like the one we were in. If you can see things like this before the dip (I missed them til just now but my stop loss saved me) You can understand that a dip was...
HKEX:1368 confirmed a bottom at 3.84, which is a great support line for more than a year. Today, it has broken the fractal on 2 Jul, which is also a shooting star candle stick. The first target or resistance would be 5.28. If it can be broken, the second would be the top of the gap which 28 Mar made.
Cut loss @4.3
Buy in @Current price
Nice signal from price action
# Support become resistance
# Inverted hammer pinning resistance and moving average
# Stop above the high of the hammer and targeting support seen on D1
Enter at market price @ 1.69423 with
# SL @ 1.70008
# TP @ 1.64202
To learn the dynamics behind the analysis, please join my mailing list using the link below...
Looking for a short term profit on a retracement to the trendline. Today it failed to break and close above the Aug 2013 Highs and there are signs of a retracement starting to play out since it:
1) Failed to break the resistance
2) Reversed from the daily highs forming a shooting start
Looking to hold the trade for a few days. If tomorrow (June 26th) continues...
EURAUD has been moving in an interesting manner of late.
If you noticed on the 4 hour, a consolidation around 1.63500 to 1.6300 - with a spike up to 1.6450 and falling back into the 1.6300 - 1.6350 range thus creating a head and shoulders.
Daily - We have come into Yearly highs, with a Spike up and a bearish close on the day, forming a shooting star/bearish...
On our analysis on the 14.06 we indicated that Gold had fallen slightly on the back of relatively strong retail sales and upward revisions that could potentially lessen the chances of US rate cuts. However, last night Gold spiked to multi year highs and we observed a shooting start candlestick after dovish a U.S Federal Reserve opened the door to further rate...
Shooting star candle on D1... We should create a lower high today and that will trigger a big drop of about 1000 points in the coming days. 5 green daily candles in a row. Not sure this looks so strong for the near term.
Forming a bearish wedge in the next 30 days or so. Short term target is bottom of the wedge. Stick to the stop loss above previous high.
Current view showed gold was tried to break resistance on prices 1358.08 but it pullback price and ran into resistance on prices 1340.80 . Candlestick closed with shooting star pattern which is long upper shadow that indicate price maybe start falling.
Gold futures gave up much of their earlier gains on Friday, with...
Terrific rally to the 0.786 Fibo; looks like a slamdown at 290 today. We all expected a rally, but this one blew us away. Now we are back in the middle; higher prices but year. Pullback seems imminent; look carefully, however, you may find at least three similar Doji's that fooled us. Cautiously shorting in anticipation of trade and Fed combo worries leading up to...
DXY has already pulled back to its 0.618 and 4hr demand zone combination spot,
and here we got this 4hr reversal sign for EURUSD.
I would love to take this shooting star breakdown short!
If it makes new high before broke 1.1205, this trade will be cancelled!
Let's see how it goes yo!
I would keep an eye on the weekly chart of BTC, it looks like a shooting star candle is forming on the weekly.
What is a shooting star candle?
The shooting star candlestick is a chart formation consisting of a candlestick with a small real body, and a large upper shadow. This pattern represents a potential reversal in an uptrend especially when...
The market has continued to move in a parabolic fashion. Today, the market cap is up to $233.58B. Dominance has drifted down slightly to 59.86%. The price of Bitcoin is just under 7800.
The daily candle is forming a shooting star pattern, which generally indicates buying pressure has exhausted and a price will begin to consolidate after a rally.