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Candlestick Analysis

GOLD (XAUUSD): Strong Bullish Signs?! Gold strongly corrected from 3500 psychological level. After a test of the underlined intraday support cluster, the market started to leave strong bullish clues. After a false violation of the support, the price accumulated a bit and broke a resistance line of a falling wedge pattern on an hourly time frame. With that move, Gold also managed to confirm a local Change of Character CHoCH. All these bullish signals indicate a highly probable continuation of a growth. The price may move up at least to 3377 level easily. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
1
Gold Today's Technical Outlook - BullishAfter two days of selling pressure, we may start to see renewed buying interest in gold today. On the 1-hour and 2-hour charts, a Head & Shoulders pattern had formed and was broken to the downside, with a successful retest confirming the breakdown. However, despite this bearish setup, gold managed to hold above the key support zone of 3305–3306, indicating that buyers are still active and defending this level. This price action suggests that the downside momentum is weakening and a potential bullish move could unfold today. Buy Side Scenario: If the support at 3305–3306 continues to hold, we could see upward movement toward the following target levels: Target 1: 3380 Target 2: 3400 Target 3: 3435 Traders should monitor price action closely for confirmation before entering positions.
OANDA:XAUUSDLong
by shroffakshar
Solana – Bear Market Rally or Reversal?Like the rest of the crypto market, Solana started rebounding on April 8th, pushing more than 50% up from the recent lows. But just like with many altcoins, I'm not convinced this is a true trend reversal. Instead, it looks more like a classic bear market rally. Let’s not forget: SOL is coming down from nearly $300. A bounce from $95 to $150 is strong, yes—but in the bigger picture, it’s still just a correction. 📍 Key resistance zone: $160–$170 As long as price remains under this zone, the probability of another leg down remains high. 🧠 My plan: If Solana creates a new local high around $160, I’ll be looking to sell into the rally. 🎯 Target: $100 at least, depending on how the market reacts.
BINANCE:SOLUSDShort
by Mihai_Iacob
Short trade 5min TF overview Trade Entry – UNIUSDT 📅 Date: Wednesday, 23rd April 2025 🕓 Time: 00:40 AM (NY to Tokyo Session – AM) 🗂 Structure: Daily 📈 Entry Timeframe: 1 Hour 🔻 Trade Direction: Sellside Trade Details: Entry: 6.089 🎯 Target (Profit Level): 5.788 (4.94%) 🛑 Stop Loss: 6.100 (0.18%) 💹 Risk-Reward Ratio: 27.36 Market Context: Price showed signs of exhaustion at a key resistance level on the 1Hr structure, with the RSI aligning with the overall bearish sentiment during the NY to Tokyo transition. 1Hr TF Structure & Confirmation: Observed on the 1h timeframe, a clear sweep of NY High formed the direction bias, aligning with a significant daily structure point.
Short
by davidjulien369
CADJPY Wave Analysis – 23 April 2025 - CADJPY reversed from strong support area - Likely to rise to resistance level 104.00 CADJPY currency pair recently reversed from the strong support area between the long-term support level 101.60 (which stopped the sharp downtrend in August of 2024) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Piercing Line. Given the strength of the support level 101.60 and the bullish Canadian dollar sentiment seen today, CADJPY currency pair can be expected to rise toward the next resistance level 104.00.
Long
by FxProGlobal
Long trade 15min TF Overview 📈 Buyside Trade – AUDUSD 🗓 Date: Thursday, 22nd April 2025 🕖 Time: 7:10 AM (New York Time) 📊 Session: London Session AM ⏱ Structure Timeframe: 1 Hour 📉 Entry Timeframe: 5 Minutes 🔹 Entry Price: 0.64045 🔹 Take Profit: 0.64381 (+0.52%) 🔹 Stop Loss: 0.64015 (-0.05%) 🔹 Risk-Reward Ratio: 11.2 🧠 Trade Rationale & Execution Notes: (Market Context) This setup aligned with the ongoing bullish momentum visible on the 1-hour structure. Price had recently swept short-term liquidity and returned into a fresh demand zone, indicating potential accumulation. 5min TF Overview
Long
by davidjulien369
Long trade 15min TF Overview 📈 Buyside Trade – GBPUSD Date: Wednesday, 23rd April 2025 🕘 Time: 8:55 AM (New York Time) 📊 Session: London Session AM ⏱ Entry Timeframe: 5 Minutes 🔹 Entry Price: 1.33029 🔹 Take Profit: 1.33829 (0.60%) 🔹 Stop Loss: 1.32958 (0.05%) 🔹 Risk-Reward Ratio: 11.27 🧠 Trade Rationale & Execution Notes: (Market Context) Identified a strong bullish structure in the LND session with price respecting prior demand zones. 📉 Volume & Price Spread Insight: Medium to higher volume consistency shows on the Volume spread analysis indicator, providing additional validation of buying interest to add confluence to the directional bias. 5min TF
Long
by davidjulien369
Nifty Analysis EOD - April 23, 2025🟢 Nifty Analysis EOD - April 23, 2025 🔴 "Hanging Man Candle on Bullish Trend—Pause or Plot Twist?" 📊 Market Recap: As anticipated from the ongoing bullish structure, Nifty opened with a strong Gap-Up at 24,357, adding +192 Points (+0.79%) to the charts. However, what looked like a continuation day quickly turned cautious. The initial candle marked the day’s high (Open = High scenario, nearly exact) and started a gap-filling move, pushing prices back to CPR. The market respected CPR as a support, then moved back towards its mean (VWAP) where the PDH + R1 zone resisted price action effectively until 1 PM. Post that, Nifty finally broke out, sustained above the zone, and closed at 24,300—still holding gains despite a red candle, which visually seems bearish but technically closes above VWAP + PDH. Hence, a hidden bullish undertone remains. 🕯 Daily Candle Check: Is It a Hanging Man? A textbook Hanging Man candle appears to have formed on the Daily Chart—a bearish reversal pattern that shows potential weakness at the top of a rally. 📌 Candle Stats: Body: 28 points Lower Shadow: 209 points Upper Shadow: 2 points Shadow-to-body ratio: 209 / 28 = 7.4x ✅ Trend Context: Yes, uptrend present ✅ Candle Structure: Meets all parameters 👉 Verdict: Confirmed Hanging Man Candle This hints that selling pressure is gradually creeping in while buying strength might be exhausting. But a Hanging Man alone isn't a trade trigger—confirmation is key. So we watch tomorrow’s session to decide whether it’s just a pause or a trend shift. 📈 Intraday Insight: Head & Shoulders Pattern During the session’s consolidation and bounceback phase, a Head & Shoulders pattern played out intraday with its target being 24,300—achieved successfully by EOD. 🔍 Pattern Recap: This bullish reversal structure shows three dips, with the central one (head) being the deepest and two shallower ones (shoulders). A break above the “neckline” confirmed bullishness—supporting the rebound above VWAP. 📌 Gladiator Strategy Update ATR: 350.19 IB Range: 94.75 (Small IB) Market Structure: Imbalanced 🎯 Trade Highlights: First Trade: Short – Triggered at 10:05 AM — ✅ 1:1.5 Target Achieved Second Trade: Long – Triggered at 13:40 PM — ✅ 1:1.5 Target Achieved Additional Trade (H&S Pattern): Long – Triggered at 11:40 AM — ✅ Pattern Target Achieved 🧠 Index Performance Snapshot: Nifty 50: +161 Points (+0.67%) Bank Nifty: -277 Points (-0.5%), but a new ATH at 56,098 Nifty 500: +152 Points (+0.69%) Midcap: +644 Points (+1.18%) Smallcap: +74 Points (+0.44%) 📌 Key Levels to Watch 📍 Resistance Zones: 24,330 ~ 24,360 24,480 ~ 24,540 24,800 📍 Support Zones: 24,190 ~ 24,225 23,950 ~ 24,000 (Immediate) 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,200 ~ 23,190 🧭 Final Thoughts: "Reversal or Reset? Structure is key. When levels work, respect them. When they break, adapt." ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
April 23, 2025 – EURGBP Short📉 Bias: Bearish | Risk: 0.5% | 🎯 Target: 1:3 (plus possible Asia low) 🧠 Reasoning: Price showed strong extended wick rejection 👋, which was later filled. A 15M imbalance was left behind, expecting price to return to that area for a short setup. 🔍 Confluences: Extended wick filled ✅ 15M imbalance left above 📊 Clean Asia low below for extended target 🌏 🎯 Plan: Wait for price to return to imbalance zone, then enter short with TP at 1:3 or previous Asia low.
Short
by sTax11
April 23, 2025 – USDJPY Long📈 Bias: Bullish | Risk: 1% | 🎯 RRR Target: 1:3 🧠 Reasoning: Price rejected from HTF zone (previous lows that caused a strong bullish move). Took a long during London session after a 15M BOS + entry from a 15M OB, confirmed by a 1M BOS ✅ 🔍 Confluences: HTF bullish structure 15M Order Block 📊 1M BOS confirmation ⏱️ Unfilled Asian range above 🌏 🛡️ SL: 20 pips, below recent lows – enough protection. 💬 Note: There was still a deeper 15M OB below, but this trade had strong confirmation. No regrets – solid execution & confident decision.
Long
by sTax11
Long trade www.tradingview.com 15min TF overview Trade Overview: AUDUSD Long Position Entry Price: 0.63525 Profit Target: 0.63907 (+0.60%) Stop Loss: 0.63439 (–0.14%) Risk-Reward Ratio: 4.44 🕕 Entry Time: 6:18 PM (NY Time) 📅 Date: Thursday, 17th April 2025 🌎 Session: New York PM 🧭 Structure: 1-Hour TF ⏱ Entry: 5-Minute TF Trade Reasoning HTF Context (1h Structure): AUDUSD maintained a bullish 1-hour market structure, with consistently higher lows and a clean internal BOS (Break of Structure). Price had retraced into a previously defined demand zone, setting the stage for a continuation move.
Long
by davidjulien369
GBPUSD: UK Data Back in FocusGBPUSD traded to an 8-month high on Tuesday at 1.3424, as a new wave of dollar selling swept across FX markets at the start of the week. This time driven by fresh uncertainty surrounding US economic growth and by a barrage of social media comments across the Easter Holiday period from President Trump that seemed to challenge the independence of the Federal Reserve. Now, as we look ahead to the remainder of the week, UK economic data is in focus, with the latest April Preliminary PMI Manufacturing and Services readings released at 0930 BST on Wednesday. These are potentially the first survey updates that will start to show the impact of US tariffs on UK economic growth, business sentiment and inflation, making them potentially important drivers for the future direction of GBPUSD. They could also shed some light on whether the Bank of England may be able to cut interest rates, as many traders hope, at their next interest rate meeting at the start of May. Then, on Friday, UK Retail Sales are released at 0700 BST. This release will be important in showing if UK consumers are still spending despite rising unemployment and stubbornly high prices. If they are, this may be taken as a positive for the UK economy and for GBPUSD, while any disappointment could lead to GBPUSD retesting lower levels again. Technical Update: September 2024 Highs a Key Resistance Focus So far during 2025, GBPUSD has seen a price recovery of nearly 11%, although as already discussed, this may be due more to broad based USD weakness, rather than outright GBP strength. Even so, latest upside has neared 1.3434, the September 2024 failure level, which may prove something of a line in the sand this week. Closing defense of 1.3434 may help determine where next directional risks lie. Much appears to depend on this week’s UK data and reaction to it, but traders may also be focusing on how the 1.3433 failure high is defended on a closing basis. Successful breaks may lead to a more sustained phase of price strength, but without such moves, risks could turn lower again. However, what are the levels we may need to monitor over coming sessions? Possible Resistance Levels: As we have established, traders after what has already been a strong recovery, may view the 1.3433 high as important, with closing breaks required to suggest risks to continue attempts to push to higher price levels. If closing breaks of 1.3433 do now materialise, it might be an indication of potential to challenge 1.3640, the February 2022 high, even towards 1.3748, equal to the January 10th 2022 rejection level. Possible Support Levels: With the 1.3433 price high remaining intact, Tuesday’s weakness from this area could now see focus shift back to support. If these give way, it might in turn point to possibilities of a deeper retracement of April strength. The first support may now prove to be 1.3313, equal to half the April 17th to April 22nd strength, with closing breaks perhaps suggesting further downside pressure. This could suggest possibilities towards 1.3148/1.3203, a combination of the April 7th low and 38.2% Fibonacci retracement of the April phase of price strength. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone