Candlestick Analysis
GBPJPY TrendLooking at the current structure I can see a few areas of the market the price can potentially reach. Only react to the market never try to predict it, all you can do is be prepared for when it reaches your area or matches your own trade criteria. These are just possible trade opportunities I think will form
ETHBTC rock solid demand zoneLooking at ETHBTC we are 50% of the demandzone on the monthly timeframe.
Normally demandzones hold precise at 50% and bounce up from there.
As we can see buyers stepping in on the Daily timeframe.
All indicators line up perfectly.
- ETHBTC technical strong setup
- Trump pro crypto
- Alt season should start according to the cryto cycle
Prepare for beserk ETH moves
EURUSD OUTLOOK 20 - 24 JANA very simple setup on EU. We have two liquidity points being the Weekly high and low which currently have about an equal chance of being taken.
Currently structure on the 1H is bearish and will be looking to short targeting the weekly low. If price starts to give bullish structure then the weekly high will be my target.
Strict risk management is key to getting through a setup like this where we have equal chances of going in either direction.
Flow with the market and follow your rules
FreseniusGood monthly setup for Fresenius. Broke up descending channel, then confirmed. Now we have beautiful monthly candle giving probabilities for an upside move (hopefully above 34.60). The 3 years distance from MA shows almost the same (broke up, retest, now moving).
Very clear Fibonacci resistances around 41-44. It seems to me a good defensive play for long term. It pays nice dividend as well.
Always do your own research!
USDCAD: Bullish Continuation is Coming?!USDCAD has been in a long-term bullish trend. Since the middle of December, the pair has been consolidating within a horizontal range.
Last week, the price broke above the range's resistance. This violation will most likely trigger a trend-following movement.
The next resistance level to watch is at 1.4554.
Clear bullish intent in BTC, bullish imbalances still in chargeWeekly array is very supportive to bullish volume. As we can see, the nearest bullish imbalance zone (blue) was tapped as used as the new rally point as I always outline.
With the high of that imbalance bar being used as a very sharp level telling the algo to not allow closes below that high.
We will most likely not see any lower into the imbalance range besides the next monthly bear cycle as a safety net zone on the drop
Ethereum’s Next Big Move: Don’t Miss This Game-Changing Setup!I am back and live on January 18th with a crucial Ethereum (ETH) breakdown! 🚀 In this video, we dive into potential bullish momentum for Ethereum, identifying key levels for buying opportunities and explaining the recent market reaction to altcoin rotations, including the hype around Trump’s meme coin.
We start on the weekly time frame, reviewing the inverted head-and-shoulders pattern and the strong bounce off the $2,930 support level. On the H4 time frame, we analyze critical market structure breaks and price sweeps, signaling ETH could push towards $3,599 and potentially $3,760.
If we get a candle closure above $3,320, this could be the weekend setup you don’t want to miss! 🚨 Let’s break it down and capitalize on this opportunity.
📊 Targets:
• $3,599
• $3,760
⚠️ Are you ready for the next Ethereum move? Watch the video for detailed insights, setups, and market sentiment analysis.
DOT Poised for a Breakout: Key Levels and Price Recovery OutlookHello, Traders!
After reaching its highest point since last March, DOT price entered a correction phase, dropping over 40% from its recent peak.
However, it's showing signs of recovery and is currently trading above the $7 price level.
At this stage, it's highly probable that DOT has established a local bottom at the $6 level, making it unlikely that the price will drop below this support area under current market conditions.
Looking ahead, there are two key resistance levels to monitor at $8 and $9.
Breaking through these levels could open the door for a significant rally, with the potential to push DOT above the $12 mark — a price point not seen since 2022.
From a mid-term perspective, DOT continues to exhibit bullish tendencies, supported by improving market sentiment and increasing interest in the broader Polkadot ecosystem.
As development activity and adoption grow, it's only a matter of time before the price begins to climb again.
Please don’t forget to boost this idea and leave your comments below.
Good Results makes Reliance a great oppertunityReliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, FMCG, and telecommunications, Digital Entertainment and Media. Reliance is one of the biggest Indian companies and vivid sectoral presence.
Reliance Industries Ltd. CMP is 1302.35. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years. The Negative aspects of the company are high Valuation (P.E. = 25.5) and Declining Net Cash Flow.
Entry can be taken after closing above 1303 Targets in the stock will be 1355, 1378, 1414 and 1451. The long-term target in the stock will be 1522 and 1556+ Stop loss in the stock should be maintained at Closing below 1184.
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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our 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.
Ambika Cotton Looking strong on weekly chart. Ambika Cotton Mills Ltd. engages in the provision of manufacturing and selling of cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts.
Ambika Cotton Mills Ltd. CMP is 1581.05. The Positive aspects of the company are Attractive Valuation (P.E. = 14), Company with Zero Promoter Pledge, Company with Low Debt and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are Increasing Trend in Non-Core Income, Stocks Underperforming their Industry Price Change in the Quarter, and Annual net profit declining for last 2 years.
Entry can be taken after closing above 1589 and compounding above 1630 closing. Targets in the stock will be 1714 and 1760. The long-term target in the stock will be 1868 and 1906+. Stop loss in the stock should be maintained at Closing below 1467 or 1382 depending on your risk taking ability.
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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our 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.
M15 'Real' Market StructureFor those who are interested in what we do inside traderbuddy (besides the 28Dto100K Challenge offcourse).
Here is a markup M15 ES with 'Real' Market Structure.
For clarity, offically we are still in a downtrend on the M15 and waiting to see how it will react to the 'Extreme'
BITCOIN (BTCUSD): Pullback From Key Level ₿Bitcoin fell to an important daily support level yesterday.
After observing how the price reacted, I noticed a double bottom pattern on the 4-hour chart.
The price has since broken above the neckline of this pattern and is now undergoing a retest. I anticipate that the market will soon rebound to at least the 102,182 level.
VSA climax candles without follow-up volumeThe indicated candles are great examples to locate weak supply zones.
As we see, these topping candles with locally high volume pinpoint supply areas where sellers are entering the market. The fact however that there is no real follow-up volume behind the supply is suggesting no real selling pressure or change in trend.
These candles are important to watch, as their upwards breach is usually a reliable signal of trend continuation.
Long trade
2min TF Entry
Pair BTCUSD
Buyside trade
Entry
NY Session PM
1.13 pm (NY time)
2min TF Entry
Entry 104642.0
Profit level 105223.4 (0.56%)
Stop level 104196.3 (0.43%)
RR 8.4
Reason: Observing price action on 17th Jan seems to suggest buyside momentum as well as be holding at the support zone or order block (OB) region.
ToppishWith its little candles the chart looks toppish. This is no wonder after the 70 % rise within less than 1 month. One can imagine that the last 10 candles are rising within a rising wedge.
This would confirm the forthcoming correction but I don't put much attention on it as the candles are to small.
I expect the outbreak to the downside as there is a large open window between 70 and 64.
Btcusd analysis"As shown in the chart, Bitcoin's potential scenarios are plotted in a four-hour time frame, and it is currently fluctuating within a range channel. Since Bitcoin's trend in the daily time frame is bullish, there is a higher probability of breaking the channel ceiling, making this the base scenario. If this happens, Bitcoin's trend in the daily time frame will remain bullish. In case of a pullback, you should enter with the confirmed strategy, aiming for the level of 106,000 as the first target. However, if it breaks the channel floor, Bitcoin's trend in the daily time frame will turn bearish, with the possibility of falling to the level of 50,000. Otherwise, we expect Bitcoin to continue moving within the channel according to the third scenario, allowing us to buy and sell at the ceiling and floor of the channel."