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Candlestick Analysis

GBP/USD Outlook: Bullish or Bearish?OANDA:GBPUSD As the new week unfolds, market uncertainty ahead of potential interest rate cuts, GBP/USD could go in either direction on Monday. Bullish Scenario: The price revisits the IVFG, respecting it once more before disregarding the marked BPR and continuing its upward trajectory, rallying to take out sell-side liquidity. Bearish Scenario: The price fails to respect the IVFG, revisiting it for a bearish continuation to clear buy-side liquidity.
by bobphamm
GBP/USD Outlook: Bullish or Bearish?OANDA:GBPUSD As the new week unfolds, market uncertainty ahead of potential interest rate cuts, GBP/USD could go in either direction on Monday. Bullish Scenario: The price revisits the IVFG, respecting it once more before disregarding the marked BPR and continuing its upward trajectory, rallying to take out sell-side liquidity. Bearish Scenario: The price fails to respect the IVFG, revisiting it for a bearish continuation to clear buy-side liquidity.
by bobphamm
Do not trade if you do not have high probability XAUUSDIt’s not just about the thrill of nailing a setup and making profits. It’s also about recognizing when an asset has you emotionally trapped, even when there’s no solid argument for your position. Here’s a lesson from my own experience: After making a huge trade on gold ( ) , I became fixated on the idea that it would keep falling, completely ignoring the market structure. This blinded me to the obvious bullish signals the market was giving. Here are the 7 bullish arguments for gold that I overlooked in my post-trade euphoria: Monthly PCH disrespected Weekly FVG respected Weekly Swing Low respected Daily Swing Low respected Daily FVG respected Bearish 4H FVG disrespected 4H Swing Low respected Not a single bearish argument in sight—a full 100% probability that the price would rise, and indeed it did. 🚨 Lesson learned: Being a profitable trader isn’t just about technical analysis. It’s about mastering your emotions, understanding market structure, and managing your risk. Stay humble, stay disciplined.
OANDA:XAUUSD
by Jaytradermb
AUDCAD LONGM Bullish Consistent HH & HL, EMA cross to upside W Bullish Price above EMA (sidewards) From PM Doji H,HL, Potential HH to be printed D Pull back could have already played out at bounce on 38.2, however if price continues lower ill expect bounce on EMA at 0.50 Fib Price finding support at EMA's, EMA sitting just above 0.50 Fib potential small gap down on Sunday open, if price approaches 38.2 will wait for double bottom or bounce at 0.50 for Buy stop ICMARKETS:AUDCAD
Long
by MarlyForex1
2
EURJPY Long SignalDoji Candlestick with ultra high volume on Daily & Weekly timeframe, started at 5-Aug, mean the downtrend is going to be stopped. Doji Candlestick have been broken up next week of 5-Aug Consolidation (price correction) started since 15-Aug till now price it closed to 0 Fibo percent, which is strong support level of the price on weekly and daily frame. enter buy when find weak shape, - could be on very low volume on daily time frame, enter next day - or divergence on 4H time frame support long signal (buy) Target T1 @ 163 T2 @ 165.6 the direction could stay long, but we have to wait the price behaviour at 165.6
Long
by FDamra
GOLD Short-Term Bearish OutlookOANDA:XAUUSD Gold appears likely to experience a bearish move in the short term before potentially rebounding, influenced by key psychological levels and bearish market sentiment. The current downtrend could see price action test the following levels: 2573-2568 : The hourly fair value gap (FVG), where short-term bearish pressure may continue. --- 2555-2556 : A breakaway gap on the 4-hour chart, marking a pivotal zone for potential bearish continuation or bullish rejection. --- 2535-2541 : The major support zone that could act as a bullish foundation for price action, offering significant buying interest if tested. However, should the US Federal Reserve signal a rate cut , this could trigger a bullish reversal, positioning gold for a significant upward move. A more accommodative monetary policy would likely weaken the US dollar, shifting market sentiment to favor a bullish outlook on gold. FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by bobphamm
Chembond can bond well in your medium term portfolio.Chembond Chemicals Ltd. engages in the manufacture and sale of specialty chemicals. Its products include water treatment, polymers, construction chemicals, coatings, animal nutrition's, and industrial biotech products. Chembond Chemicals Ltd. CMP is 617.25. The positive aspects of the company are moderate Valuation (P.E. = 19), Company with Low Debt, Book Value per share Improving for last 2 years, Company with Zero Promoter Pledge, Annual Profit Growth higher than Sector Profit Growth and Strong Performer, Under Radar Stocks. The Negative aspects of the company are Fall in Quarterly Revenue, net profit and increase trend of non-core income. Entry can be taken after closing above 624 Targets in the stock will be 656 and 677. The long-term target in the stock will be 706 and 746. Stop loss in the stock should be maintained at Closing below 586 or 553 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. 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. 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.
NSE:CHEMBONDLong
by Happy_Candles_Investment
HEG may be in last Leg of consolidation before it can move up.HEG Ltd. engages in the manufacture and exporter of graphite electrodes. It operates through the Graphite Electrodes and Power Generation segments. HEG Ltd. CMP is 2069.30 The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Strong cash generating ability from core business and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 40.8), Declining profits every quarter for the past 4 quarters, Stocks Underperforming their Industry Price Change in the Quarter and PE higher compared to Industry PE. Entry can be taken after closing above 2089 Targets in the stock will be 2200, 2306, 2406, 2502 and 2565. The long-term target in the stock will be 2622, 2658 and 2750. Stop loss in the stock should be maintained at Closing below 1997 or 1922 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. 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. 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.
HLong
by Happy_Candles_Investment
Things look rosy but keep an eye on 2 major global events. Nifty was in consolidation mode on Friday after making a new high on thursday. It seems to have found a temporary support at 25292. If this support is broken there are further supports at 25133, 24910, 24753 and finally Mother line support of 24602. If 24602 is broken bear will be seen in an active mode. however shadow of the candle as of now seems to be neutral to positive. The resistances for Nifty on the upper side are at 25433 and 25537. Channel top seems to be near 25653 and trend top or the medium term target seems to be at 26335. However Nifty will take some time, correction and consolidation before we reach there in all probability. All eyes from across the globe will be on US Fed action on 18th September. If there is no fed rate cut or only 25bps rate cut announced. Bears can attack the market from all sides, so keep a track of this most important global event next week. This is a make or break global event. Also we should be watchful of events around Russia Vs Ukraine as there was a news that US can give a green signal to long range precision made in US missiles to be used by Ukraine. If this happens it can escalate the matter into a massive global event with negative impact on global markets. Although everything seems rosy as of now. Keep a keen eye on these to major events next week or in the coming days. To guard your profit keep trailing stop losses. To protect your capital use stop loss.
NSE:NIFTYLong
by Happy_Candles_Investment
Split entries Protect and safeguard capital.Vishal Baliya is Author of the book: The Happy Candles Way to wealth creation. (Available on Amazon in Paperback and Kindle version) Split entries Protect capital and reduces losses: Many times I get the question: What are the best friend of investors? My answer here would be: Stop losses, trailing stop losses and Split entries. We will talk about Stop loss and Trailing stop loss in a separate article but today we will talk about Split entries. On the onset let me clarify this is not a call of any company. The chart used below is to explain the process of Split entries in stock market. Breakouts are a great thing. Lot of people make money through breakout trading and lot of people make even more money through breakout investing. But even after selecting a stock after proper due diligence, consulting your financial advisor, reading intrinsically about the company, making charts, studying fundamentals there is a possibility that breakout still might fail. No one can be 100% sure otherwise all investors would be multi Billionaires. This is because there is inherent risk in investment whether it is equity or any other form of investment. More so in equity as there are many macro and micro economic and factors at play. Some or most are beyond control of even the promoters of the company or mega investors. Thus when you are not 100% sure of a breakout and there are important resistances still at play, you can opt for split entries. Now have a look at the chart below. In the chart you can see how this stock took the support of 200 days EMA Father Line after making a bottom near 3311. Zone A to Zone B is the area where we feel that the stock has completed the process of bottom formation and is turning around. Say you want to invest Rs. 21,000 in this company. Your X here is 21000. X/2 = 10,500 and X/3 = 7000 and so on. (X being the money you want to invest in a particular company.) Instead of going all in between zone A and Zone B shown in the chart. You can go X/2 between zone A and B. Why so? Because there is an important hurdle of Mother line at 50 days EMA still to be crossed. Suppose the Mother line acts up and stops the rally and stocks turns bearish your X/2 capital is still intact. To protect remaining X/2 there is a stop loss. In case the stock turns bearish, your Rs. 10,500 is intact. Suppose you have kept stop loss at 10% of your capital deployed. 90% of your X/2 is safe plus 100% of your X/2 capital which you are yet to invest is also safe. Thus Split entry protects your capital. Now ideal scenario in my opinion would be X/2 entry between Zone A and B. Second X/2 entry between zone B and C where you got a breakout confirmation when the stock has confirmed its bullishness as the stock has given a closing above Mother line which is 50 days EMA. To know about the Mother, Father and the Small Child Theory please do read my book: The Happy Candles Way to Wealth Creation which is available on Amazon in paperback and Kindle version. Which explains in depth many such concepts which will help you as an investor. The argument against such an investment would be: Ah! If I would invest my full capital between Zone A and B. And cruise till Zone D. I will make more money. Definitely you would. But there was a greater risk compared to split entry. Even if you take a split entry between Zone A and B and Second X/2 entry between zone B and C and cruise till Zone D, you will still make a good amount of money. The risk you would have taken in case of split entry would be much less compared to having invested all your capital in one go. Pyramiding Split Entry Approach: Another kind of split investment is Pyramiding. In Pyramiding you gradually increase your investment in an equity after every positive breakout. Usually at a price higher than the previous one. Like base of the pyramid is large your first investment is high and gradually decreasing the quantum of investment. I personally use split entry/pyramiding split entry approach in many of my equity related investments. Disclaimer: There is a chance of biases including confirmation bias, information bias, halo effect and anchoring bias in this write-up. Investment in stocks, derivatives and mutual funds is subject to market risk please consult your investment advisor before taking financial decisions. The data, chart or any other information provided above is for the purpose of analysis and is purely educational in nature. They are not recommendations of any kind. We will not be responsible for Profit or loss due to descision taken based on this article. The names of the stocks or index levels mentioned if any in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any
NSE:AMBER
by Happy_Candles_Investment
Gold is flying. Macroscopic 3 Month zoom.The Gold party is still healty? 15 days are left for this 3M session to close and still has not found Its ATH high. lets see where this candle close. Taking a look at this giant timeframe trying to give some insightful notations. The big bullflag breakout has been impressive, since it broke the last all time high in Friday 07 August 20' at $2,075 price has not looked back. Giving outstanding returns from its last 3M higher low at $1,810 with a stairstep fashion during almost 12 months the top is not in sight and the uptrend is the best example of a strong one! How high can we go? Answer is very high! Twelve days are left for an entire year cicle favoring the bulls and It seems like the party has not finished. Gold started a 3 Month uptrend, It broke a 3M triple top at $2,075 shaped by the bullflag. Spawned as the last All Time High four years ago and staying in play for 45 months. The last time Gold started a 3M uptrend, It happened at Thursday 20 Jun '19 around $1,375. Counting the candles for this 3M timeframe, from the last swing higher low at $1,160 the result is 7 consecutive sessions favoring convincingly the bulls. That is 21 months or almost two years. How long this current Gold bull market will last? Answer is I dont know. I will be looking for clues and hints for temporary tops in lower timeframes.
OANDA:XAUUSDLong
by hectordsd
EURUSD - SHORT: Trade Recap, 12/09/2024Bias Analysis: Major daily swing was not yet in EPD and with consecutive bearish day within a trend lower and a previous daily close with a large wick to the upside the narrative was short. Trade was within 1H range to the downside and at 1H EPD. Grade: Valid What I did well or could've done better - Followed the plan, observed both scenario's (long and short) and executed in line with my plan without hesitation. - I should've however, stuck to the 4H FVG which was more refined instead of opting for the 1H FVG which provided a larger area for my criteria to be met. If I had stuck to the 4H, the HTF criteria would not have been met as price invalidated this before execution.
Short
by The_Modern_Day_Trader
Bitcoin Analysis==>> Bullish Flag PatternBitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again. According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern . We can also see the Morning Star Candlestick Pattern , which can be a sign of the completion of Bitcoin correction or the main wave 4 . I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ) . Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least). Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8