Get started

Candlestick Analysis

BTCUSD Hourly market AnalysisBITSTAMP:BTCUSD On the H1 time frame, if we consider the trend line going from top to bottom, which indicates a bearish trend, on the other hand, the RSI is currently at 47.98, indicating a decline below the midline. In the past, it has been moving sideways for a few days, which turned upward. Where there is liquidity on the upside, this also shows that Bitcoin is showing a bearish trend, we will consider selling. Support and Resistance Strong Support Zone : 76,660 Strong Resistance Zone : 92,700 Resistance Zone: 84,950 BTCUSD Sell Entry: 83,200 TP: 81,400 TP: 79,400 TP: 76,600 SL: 84,950
BITSTAMP:BTCUSDShort
by HamandMagic
Mastering MACD- Complete Guide- 10 ways to trade itThe Moving Average Convergence Divergence (MACD) is a versatile indicator that can help traders navigate the markets with precision. From trend identification to momentum assessment, the MACD provides multiple actionable insights. In this educational post, we’ll explore the key ways to use MACD effectively, with an example illustration accompanying each strategy. ________________________________________ 1. Signal Line Crossovers The most common use of MACD is the signal line crossover, which identifies potential shifts in market momentum: • Bullish Signal: When the MACD line (fast-moving) crosses above the signal line (slow-moving), it suggests upward momentum is increasing. This can be an entry signal for a long trade. Bullish crossovers often occur after a period of consolidation or a downtrend, signaling a reversal in market sentiment. • Bearish Signal: When the MACD line crosses below the signal line, it signals downward momentum, often triggering a short-selling opportunity. Bearish crossovers can occur during retracements in an uptrend or at the start of a bearish reversal. How to Use: Look for confirmation from price action or other indicators, such as a breakout above a resistance level for a bullish signal or a breakdown below support for a bearish signal. It's essential to avoid acting solely on a crossover; consider volume (stocks, crypto), candle stick formations and other market conditions. Example: A bullish crossover on the daily chart on TRADENATION:XAUUSD indicates a potential buying opportunity as the price begins to rise. Add a stop-loss below recent lows to manage risk and look for a 1:2 risk:r eward in the next resistance. ________________________________________ 2. Zero Line Crossovers The MACD’s zero line acts as a boundary between bullish and bearish momentum, making it a valuable trend confirmation tool: • Above Zero: When the MACD line moves above the zero line, it confirms an uptrend, as the fast-moving average is above the slow-moving average. Sustained movement above zero often indicates a strong bullish trend. • Below Zero: A MACD line below zero reflects a downtrend, indicating bearish market conditions. Persistent movement below zero confirms bearish momentum. How to Use: Use the zero line crossover to validate trades based on other signals, such as candlestick patterns or trendline breaks. The crossover can act as a second layer of confirmation for existing trade setups. Example: MACD on a crypto pair crosses above the zero line, confirming the start of a new bullish trend. Traders can combine this with volume analysis to ensure strong market participation. ________________________________________ 3. Histogram Analysis The histogram represents the distance between the MACD line and the signal line, offering insights into momentum: • Expanding Histogram: Indicates strengthening momentum in the direction of the trend. Larger bars show increasing dominance of bulls or bears. • Contracting Histogram: Suggests weakening momentum, signaling a possible reversal or consolidation. Smaller bars indicate a loss of trend strength. How to Use: Monitor the histogram for early signs of momentum shifts before a crossover occurs. The histogram can act as a leading indicator, providing advanced warning of potential changes in price direction. Example: A shrinking histogram in a forex pair signals that the bullish momentum is losing steam, warning traders of a possible retracement. This can be a cue to tighten stop-loss levels or take partial profits. Conversely, an expanding histogram during a breakout confirms the strength of the move. ________________________________________ 4. Identifying Divergences MACD divergences are powerful tools for spotting potential reversals: • Bullish Divergence: Occurs when the price makes a lower low, but the MACD forms a higher low, signaling weakening bearish momentum. This often precedes a trend reversal to the upside. • Bearish Divergence: Happens when the price makes a higher high, but the MACD forms a lower high, indicating diminishing bullish strength. This suggests a potential reversal to the downside. How to Use: Combine divergence signals with support or resistance levels to enhance reliability. Divergences are most effective when spotted at major turning points in the market. Example: On a TRADENATION:EURUSD chart, a bearish divergence signals an upcoming price reversal from an up trend to a down trend. ________________________________________ 5. Trend Confirmation MACD confirms trends by staying consistently above or below the zero line: • Above Zero: Indicates a strong uptrend. Look for pullbacks to enter long trades. The longer the MACD remains above zero, the stronger the trend. • Below Zero: Reflects a persistent downtrend. Use rallies as opportunities to short. A sustained period below zero reinforces bearish dominance. How to Use: Use MACD’s trend confirmation alongside other trend-following tools like moving averages or Ichimoku clouds. Ensure that market conditions align with the broader trend. Example: Combining MACD trend confirmation with moving averages helps traders stay on the right side of the trend in a stock market index. For example, buy when both MACD and a 50-day moving average indicate an uptrend. Exit trades when the MACD begins to cross below zero or shows a divergence. ________________________________________ 6. Overbought and Oversold Conditions Although MACD is not traditionally an overbought/oversold indicator, extreme deviations between the MACD line and the signal line can hint at stretched market conditions: • Overbought: When the MACD line is significantly above the signal line, it may indicate a price correction is imminent. This often occurs after an extended rally. • Oversold: When the MACD line is well below the signal line, it suggests a potential rebound. Such conditions are common following sharp sell-offs. How to Use: Monitor extreme readings in conjunction with oscillators like RSI for added confidence. Look for reversals near key support or resistance levels. Example: An extended bearish move with a large MACD-signal line gap warns traders of a potential price correction. This can signal an opportunity to exit. Pair this observation with a bullish candlestick pattern to confirm the move (in this example morning star) ________________________________________ 7. Combining MACD with Other Indicators MACD works best when paired with complementary indicators to provide a more comprehensive market analysis: • RSI (Relative Strength Index): Use RSI to confirm momentum and overbought/oversold conditions. • Bollinger Bands: Validate price breakouts or consolidations with MACD signals. • Support and Resistance: Use MACD signals around key levels for confluence. How to Use: Wait for MACD signals to align with other indicator readings to improve accuracy. Cross-validation reduces false signals and increases confidence in trades. Example: A bearish MACD crossover near a key resistance level reinforces a short-selling opportunity. ________________________________________ 8. Multi-Timeframe Analysis Using MACD across different timeframes strengthens trade signals and provides context: • Higher Timeframe: Identify the broader trend to avoid trading against the market. For instance, if the daily chart shows a bullish MACD, focus on long trades in lower timeframes. • Lower Timeframe: Pinpoint precise entries and exits within the higher timeframe’s trend. The MACD on lower timeframes can help fine-tune timing. How to Use: Align MACD signals on both higher and lower timeframes to confirm trade setups. This alignment minimizes the risk of false signals. ________________________________________ 9. Customizing MACD Settings Traders can tailor MACD settings to suit different trading styles and timeframes: • Shorter Periods: Provide more sensitive signals for scalping or day trading. Shorter settings react quickly to price changes but may generate more false signals. • Longer Periods: Produce smoother signals for swing trading or position trading. Longer settings are less responsive but more reliable. How to Use: Experiment with different settings on a demo account to find what works best for your strategy. Adjust settings based on the volatility and nature of the asset. Example: A scalper uses a 5, 13, 6 MACD setting to capture quick momentum shifts in the market, while a swing trader sticks with the standard 12, 26, 9 for broader trends. Compare results across different markets to refine the approach. ________________________________________ 10. Crossovers or Divergence at Key Levels Combining MACD crossovers with price action levels enhances the reliability of trade signals: • Horizontal Levels: Use MACD signals to confirm reversals or breakouts at support and resistance levels. Crossovers near these levels are often more reliable. • Fibonacci Retracements: You can combine MACD with retracement levels to validate potential entries or exits. Confluence with retracements adds weight to the signal. How to Use: Wait for MACD signals to align with key price levels for higher probability trades. Confirmation from candlestick patterns or volume (stock and crypto) adds further credibility. Example: A bullish MACD divergence aligns with a strong support level, signaling a strong buy setup. Add confirmation with a candlestick reversal pattern, such as a piercing pattern in our case, to enhance precision. ________________________________________ Conclusion: The MACD indicator’s flexibility makes it a must-have tool for traders of all styles. By mastering these strategies and integrating them in your trading, you can elevate your trading decisions. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Education
by Mihai_Iacob
22
XAUUSD Update – Watching 4H Consolidation After ATH📺 Watch the video for more details. Price has printed a 4H consolidation following the ATH. Key focus now: 🔹 Watching the high of consolidation for a potential breakout, retracement, and continuation. 🔹 Ideal scenario: False breakout & manipulation of the high, followed by a retrace back into the range. 🔹 Daily swing high in play, with Monday trading inside Friday’s range – opportunities for both continuation and retracement setups. 🔹 1H price action shows liquidity buildup below – potential fuel for a move lower. 📍 Still focused on a retracement back into discount levels of the current bullish expansion leg. Let’s see what prints at Tuesday’s open.
OANDA:XAUUSD
by PipsnPaper
Last chance to short gold💡Today, gold hit a low of around 2980 during its decline. Obviously, gold's decline has not reached its peak! There is still demand for gold to continue to retreat. 💡At present, gold has rebounded to above 2998 again, but gold has not broken through the 3005-3010 zone during multiple rebound tests. The upper space has been compressed smaller and smaller, and the bullish momentum has been largely consumed. Gold is expected to seek a breakthrough downward; 💡In the process of multiple rebounds, the momentum of the rebound has gradually weakened, the bull market confidence above 3000 is not strong, the confidence of bulls is not firm, and after the profit realization and selling psychology gradually gain the upper hand, gold is likely to have a flash crash! 📉So we can short gold in the 3000-3010 zone! The first target: 2985-2975, followed by 2965-2955 📞Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
BTC → Bitcoin Retrace to $69,500? Or Bounce to $150,000?The short version, the probability that Bitcoin tests the breakout price around $69,500 is very high. That's simply the nature of breakouts; bulls take profits (sell orders) until the previous high is reached, at which point the bulls start buying again, and the bears take their profits (buy orders), driving the market up for another leg. The question is, what is our next move as traders? Or even Bitcoin investors? How do we trade this? 🤔 Let's zoom out to the Monthly chart. Bitcoin is resting on the 9EMA, a support area we've closed above it since September of 2023. Our current context is we've broken out of the 2021 cycle high of $69,500 and reached a new high just shy of $110,000. It's clear we're in pullback mode right now, so far-reaching down to $78,000. Fundamentally, there aren't many catalysts for bullish activity. Bulls are simply taking profit at the first 6-figure Bitcoin price, which is both a psychological and technical price for selling. Monetary policy is still in a state of qualitative tightening, inflation has been slowly rising since September 2024, from 2.4% to 3%. Not a dramatic move, which certainly isn't helping Bitcoin move to the upside. Bitcoin seems to respond more to monetary policy than inflation rates and while the rates have steadily climbed, it's not enough to shock the market, while monetary policy has largely stayed the same. Technical analysis shows TOTAL, TOTAL2, and TOTAL3 crypto market cap charts all were rejected at key resistance areas in early December. Bitcoin broke the 2021 right shoulder around $46,000 to $73,000, then had a measured move up to $109,000, about a 55% move each, give or take. We're simply in a state where we've reached a key resistance level after a breakout while the market as a whole is in a state of uncertainty. I believe that uncertainty will lead to a capitulation down to the high $ 60,000s, even if it's a quick wick. This would likely lead to a $1,500 ETH, $1.50 XRP, it may look ugly. But take a look at past cycles; a 30-40% pullback for Bitcoin is just another Thursday in the crypto market. The alts can pull back as much as 50%-60%. I think we wait for the buy signal. Look for a pullback to the breakout area at $69,500, and wait for the market to tell us that we found the buy zone with a strong candle close on or near its high on the Daily chart, likely somewhere around $75,000. Then I believe $150,000 is the area for this cycle high based on the Lifetime Resistance and measured move target. The measured move shows a 57% move up after the breakout; if we take that 57% move up and stack it on the mid-price of the current trading range at $91,000, that takes us to right around $150,000. Anything beyond that is a bonus. I think from there, it makes a second attempt to breach the high, followed by our 12-18 month bear market as shown in the chart. 💡 Trade Idea 💡 Long Entry: $75,000 🟥 Stop Loss: $55,000 ✅ Take Profit #1: $105,000 ✅ Take Profit #2: $135,000 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Breakout above 2021 Cycle High $69,500 2. Psychological and technical high of $100,000 reached 3. Pullback phase has been in motion since December, breakout zone is the buy target 4. Wait for a two-legged pullback toward the Monthly 30EMA (breakout zone), look for strong buy signal, large bull candle closing on or near its high. 5. RSI is near 64.00 and below the Moving Average. Wait for contact and a drop toward 60.00 in concurrence with the price action to enter. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:BTCUSDLong
by TraderEngineering
6
EURNZD Wave Analysis – 17 March 2025 - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall to support level 1.8640 EURNZD currency pair recently reversed down from the long-term resistance level 1.9160, which stopped the sharp weekly uptrend at the start of 2020, as can be seen below. The downward reversal from the resistance level 1.9160 created the weekly Japanese candlesticks reversal pattern Shooting Star. Given the strength of the resistance level 1.9160 and the bearish divergence on the weekly Stochastic indicator, EURNZD currency pair can be expected to fall to the next support level 1.8640.
Short
by FxProGlobal
The bear is coming soon, TP: 2965-2955Bros, bears are about to see the dawn! Gold is fiercely fighting for control in the 2985-3000 zone. Although the winner has not been completely decided, the balance of victory is tilting towards the bears! As gold stands above the 3000 mark, the upper space is relatively compressed, and the liquidity is getting lower and lower. Gold needs to retreat to increase liquidity! Judging from the candle chart, gold stood above 3000 twice and then quickly fell back, forming two obvious upper shadow lines, indicating that the bull market is not completely convincing, and it is very likely that a double-top structure will be technically constructed to further stimulate the decline of gold! At present, gold has not been able to effectively fall below 2880. In addition to having a certain support structure, it is more likely to be a bull market trap! So in the next short-term trading, I do not recommend continuing to chase gold. You can use the 3005-3015 zone as resistance and boldly short gold! Then wait patiently for gold to fall back to the 2965-2955 zone. Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
Global ETF Nears Potential BreakoutRecent weeks have seen a dramatic shift toward global stocks as U.S. markets decline. Now traders may be looking for a breakout in a key ETF tracking the group. The iShares MSCI EAFE fund, which focuses on developed markets like Europe and Japan, had a quick advance from mid-January through early March. There are at least four takeaways from the rally. First, it resulted in historic outperformance against the S&P 500. (This is highlighted by relative strength in the lower study with a 21-day period.) The current reading of 13.8 percent points compares with July 2002, when EFA began a five-year run of outpacing SPX. (The only two other times that relative strength was higher was late 2008 and March 2020, abnormal moments of extreme volatility.) Second, the recent rally pulled the 50-day simple moving average (SMA) toward a potential “golden cross” above the 200-day SMA. Third, a pullback on February 28 was quickly bought. That potentially established support above the December high of $80.63. (See yellow arrows.) Fourth, EFA has remained well above a 50 percent retracement of the advance. That may confirm bulls are still in control. Next, the fund just completed an inside week. That tightness may reflect a lack of selling pressure. Finally, the 8-day exponential moving average (EMA) has stayed above the 21-day EMA. Standardized Performances for the ETF mentioned above: iShares MSCI EAFE ETF (EFA) 1-year: +5.61% 5-years: +31.07% 10-year: +25.31% (As of February 28, 2025) Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. 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 or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
AMEX:EFA
by TradeStation
Nifty holding above Hourly Mother line a good signalNifty holding above 50 Hours EMA or Mother line in the hourly chart is a good signal for the market if it holds above 22464 then there is a chance of further recovery. The supports for Nifty remain at 22464 (strong Mother line support), 22368 (Another strong trend line support), 22311 and 22205. If the support at 22205 is broken Nifty can go in a jiffy to 21976 or below. In case we get a closing above 22591 Nifty will become stronger and can jump to 22678 or 22722 levels. 22722 is a strong 200 Hours EMA or Father line resistance. A closing above 22722 can take us to next historical resistance levels of 22813, 22921, 23044, 23147 and 23249 levels. Closing above 23249 has potential to bring Bulls back out of ICU and Take Nifty further up. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
XAU/USD 17 March 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remains the same as analysis dated 16 March 2025. Previous analysis and bias was not met as price did not target weak internal low. Price has printed a bullish iBOS followed by a bearish CHoCH. Price is currently trading within an established internal range. Intraday Expectation: Price to either trade down to discount of 50% internal EQ, or Daily/H4 demand zone before targeting weak internal high priced at Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bearish CHoCH confirming internal range, however, price has not in any way pulled back significantly enough to classify current internal high as an iBOS, should price print higher than current internal high. Remainder of analysis and bias remains the same as yesterday's analysis dated 13 March 2025 Analysis and bias has not been met, largely due macroeconomic events, particularly the Trump trade tariff war, which is causing uncertainty within the markets which is supporting Gold price. Price has printed a bullish iBOS. Within the structure following the iBOS, price has printed a several bearish CHoCH's with very minimal pullbacks before continuing bullish. In order not to distort internal structure range I will apply discretion and not classify bearish CHoCH without considerable pullback. Intraday Expectation: Await for price to print Bearish CHoCH which is supported by a pullback relative to recent price action. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD (#XAUUSD): One More ConsolidationAfter reaching a new high of $3000, a psychological level, the Gold price started to consolidate within a horizontal channel on the 4-hour chart. To buy Gold this week, it is advisable to wait for a breakout above the channel's resistance, which could lead to a movement towards at least 3020. On the other hand, a bearish breakout below the channel's support could trigger a correctional movement down to around 2964. It is recommended to wait for a breakout to confirm the direction of the next move.
TVC:GOLD
by linofx1
8
EUR/AUD: Signs of Exhaustion as Bears Watch 1.7184EUR/AUD looks heavy and vulnerable to downside following Friday’s bearish engulfing candle, leaving the price teetering just above 1.7184—the blow-off top high from August last year. A break below 1.7184 could encourage bears off the sidelines, creating a setup where shorts may be established beneath the level with stops above for protection. EUR/AUD has tended to stall around big figures during its recent rally, putting 1.7100 and 1.7000 on the radar as initial downside targets. Beyond that, 1.6800 looms, having capped gains in late 2024 and early 2025. RSI (14) is trending lower but remains overbought, suggesting bullish momentum may be starting to wane. MACD has yet to confirm a bearish signal, though it is curling towards the signal line. On the fundamental side, the euro has priced in a lot of good news from recent fiscal and geopolitical developments, raising the bar for further upside. Meanwhile, the Aussie remains suppressed by elevated volatility and concerns over China’s growth trajectory amid escalating U.S.-China trade tensions, limiting its ability to capitalise on recent U.S. dollar weakness. However, if those concerns ease, the Aussie could outperform. That puts today’s policy details from China’s government on boosting consumption in focus. While both the euro and Aussie are heavily tied to China’s economic health, AUD—along with other Asian currencies—stands to benefit more from an improvement in sentiment.
Short
by FOREXcom