EURJPY - Short (I'm short already due to the shooting star candle on the 2nd top) BUT THERE IS STILL OPPORTUNITY TO ENTER!!! Some people wait for the break of the low on the double top before entering or a retest of that level. So just bringing it to your attention. Any questions feel free to ask via message or comment
Watch out for the shooting star I am opening a short here. Coach
EUR/GBP: An Example of Consolidation
After a strong bullish run through to 0.99800, USDCHF is now testing a key resistance level formed over the past week. Price action shows that the resistance is being rejected and thus I have the bias that there may be some downside momentum due to arrive in USDCHF towards 0.98940. I will be looking to short this pair if price forms a shooting star that is broken...
With the overall trend being down on the Daily TF There have been numerous test of this 0.64 level and there is a nice shooting star candle followed by an engulfing candle. IF this current 4HR candle can finish like this then i will be taking a short trade along with other reasons for my entry Any questions feel free to ask
On the daily chart: Gold has formed a double top pattern and could possibly form a head and shoulders pattern. On the weekly chart: Gold has a shooting star. Indicating trend reversal. This week has tested the resistance level and followed through with the trend reversal. We should be seeing a break of 1500 and 1490. TP 1: 1500 TP 2: 1490 TP 3: 1480
For the price action, candlestick analysis people out there, The weekly chart shows a Shooting star/Bearish Pin bar on the Weekly chart and a confirmation of it with the week just passed with a weekly candle close below the low of that Shooting star/pin bar. This is a pretty compelling reason to look for sells at least down to that red zone in my opinion. However,...
NASDAQ:NFLX Printed a similar shooting star type candle today that it has a few other times in this current downtrend channel. Bought Sept 6th P282 option today for 1.13 at NFLX 299.80. Looking for it to react similarly as it has before on a resistance touch/rejection, and hope to see around 278 sometime before or on Sept 6th. Happy hunting and GLTA!!
you have a shooting stare at 12pm then a farcical and now at 14:00 the heiken Ahkin is started to show change in trend.
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 Target @6.31 Buy in @Current price
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...
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HKEX:3306 is in a forth wave of a impulse, which is a classic triangles correction with the volume decrease at the end. The direction should be cleared soon and we expected the direct will go up because recently it can stand with volume above the shooting star (red line). For the target of this trade, as we are not sure if it is the third wave or the final wave...
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 zc.vg As usual...
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...
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...