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Candlestickpattern

#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Short
by mohemati
Seizing Bearish Momentum: Nasdaq 4H Setup with Gartley Pattern📉Attention traders! After successfully bagging a 1:8 risk reward ratio on the recent rally on S&P 500. There is an exciting Nasdaq setup on the 4-hour timeframe that demands your attention. Here's the breakdown: 📌 Technical Analysis Highlights 📌 🐻 Bearish Gartley Pattern: The Nasdaq chart reveals a bearish Gartley pattern, hinting at a potential trend reversal. 🕯️ Bearish Engulfing Candlestick: Point D of the pattern confirms the reversal, marked by a formidable bearish engulfing candlestick. This indicates that sellers have taken the reins, overpowering buyer sentiment. 📈 Momentum Shift: The price is currently gaining momentum, positioned just below the moving averages, and a crossover seems imminent. This adds weight to the bearish scenario. 📉 Trade Strategy 📉 With these compelling technical signals, it's time to consider a short position on the Nasdaq. Initiate your short trade around 15,420 with a strategically placed stop loss above the recent high, approximately at 15,540, to manage risk effectively. 🎯 Take Profit Targets 🎯 1️⃣ First Target: 15,230 2️⃣ Second Target: 15,000 3️⃣ Ultimate Target: 14,700 Remember, trading carries inherent risks, and prudent risk management is paramount. Perform thorough research and stay updated on market conditions. Best of luck with your trades, and may they yield substantial profits! 💰📉📈 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
OANDA:NAS100USDShort
by Thomas_Zito
11
#GBPJPY Potential upside continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor of long term price movement. As it can be seen in the chart price struggling with supply area for the past few days and failed several times to break below this supportive area. more importantly today after another failed attempt to break below the support price rejected and formed strong bullish hammer candlestick pattern which can potentially shows buyers strength. Now in order to trade this pair I'm looking for price to fail to go lower than the 4H bullish hammer candle low or break above lower timeframe bearish trendline.
Long
by mohemati
Using Candle Wicks to refine your daytrading entriesIn the video I discuss the importance of 'Candle Wicks' in price action and how I use them to refine an entry. I like to use the 1 minute chart for my entries and have certain criteria to trade with the trend (which I discuss in the video). When trying to trade with the predominant trend up/down, I look to trade retracements. One thing I look for is wicks into the EMAs and then a reversal of the previous candle. I find these greatly help my timing for entries and can greatly reduce my risk. I hope that you enjoy the video and are able to use in your own trading. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
Education
by TradeTheStructure
Strong Bullish Momentum!Despite the news, I've been bullish on the Dollar Yen and it appears the weekly chart is confirming that. It's currently on a bullish movement, having surpassed the immediate resistance level and heading higher. For counter trend traders, I recommend waiting for further confirmation before engaging in shorting opportunities. The four hour chart is on the rise to the previous resistance, but ensure to match your time zone with your trading house broker time. There's presently a violation of the previous high on both the four hour and one hour charts, so it's not ideal to short yet. If you're seeking a buying opportunity, keep an eye out for a pullback at 144.79. On the four hour chart, there's a trend line waiting for a retest at this level. Ensure to wait for candle close before entering trades and watch for the market respecting the trend line. Personally, I choose to look for a buying opportunity at 147.49. My initial stop-loss will be placed at 147.15, and target 1 at 147.94. However, please note this isn't trading advice, so be sure to conduct your own analysis and not follow blindly.
Long
by RaynLim
#GBPAUD Short term selling opportunityAlthough in long-term view price is in bullish Daily and weekly move, but in short term price managed to form bearish market structure ( I mean 4H and 1H timeframe ) so its possible to look for selling opportunities but with extra cautious. As we can see in the chart we have valid 4H bearish channel, price recently broke below supportive area which hold price higher for 3 time and now can act as a resistance, price also below 4H EMA and seems like going to test it again, price also around our channel middle line which can also act as resistance.
Short
by mohemati
1
Navigating Counter-Trend Waters: AUDUSD InsightsThe AUDUSD's prolonged bearish journey has sparked interest among traders seeking a potential rebound. However, it's vital to remember that market dynamics don't always adhere to expectations. For those exploring counter-trend opportunities, the presence of an over-extended Bullish Shark Pattern accompanied by a Bullish Trendline forms an intriguing combination. Exercise caution and await confirmation before entering the trade. Keep in mind, once the candle breaches the Bullish Trendline, this setup loses its validity. 📊🔄
Long
by RaynLim
1
Rediscovering a Classic: GBPUSD TradingAh, the good old days! This GBPUSD setup takes me back to my early trading days. The strategy? Simple yet effective: buy at support, sell at resistance. While some may view it as a scalping trade, dismissing it as low volatility, here's the kicker — there's a potential 56 pips in profit. 💰 My game plan? Patience. I'll wait for the next support retest, keeping an eye out for that magic candle confirmation before making my move to buy. Alternatively, if the market hits resistance, I'll await the same confirmation before considering a sell. 🕯️🔄
by RaynLim
📈🚀 Seize the Moment: Epic Buying Opportunity on S&P 500! 📈🚀Hey traders, get ready to ride the wave of profits with an exciting setup on the S&P 500! 🌊📊 A golden opportunity has surfaced, and it's time to capitalize on a potential bullish rally. In the 4-hour timeframe, we're witnessing the stars aligning for a buying spree that could lead us straight to the coveted 4570 target. 🎯🦅 The Double Bottom Delight: Hold tight as the price action unveils a mesmerizing double bottom formation. This pattern is like a green light for bullish momentum, signaling a potential upward surge. 🚀 The beauty lies in the symmetry, and we're ready to ride this pattern to its fullest potential. Harmonic Bat Pattern: Point D in Sight! 🦇🎯 Prepare for some harmonic magic! The stars of the show are aligning as we approach the mesmerizing point D of the harmonic bat pattern at 4570. Brace yourself for a journey towards this target, riding the wave of pattern completion and potential profits. Candlestick pattern: Doji Breakout! 🕯️🚀 The magic continues with a "long-legged Doji" candlestick, signaling a breakout like no other. This is the ultimate call to action – a signal to buy this dip and ride the upward momentum. 📈🕯️ Moving Average Mastery: Crossover Confirmation! 📈✨ Get ready for a symphony of confirmation! The moving averages are about to cross over, a sign that amplifies our scenario. This crossover is like a nod from the universe, signaling that it's time to jump on board and enjoy the ride. MACD Marvel: Bullish Momentum Amplified! 🚀💥 The MACD indicator joins the party, forming a fresh crossover to the upside. This is the stamp of approval we've been waiting for – a clear signal that bullish momentum is skyrocketing. 📈💪 The Game Plan: Entry: Buy around 4420 Stop Loss: Below 4407 Target: 4470 (with partial profit-taking along the way) Remember, smart trading involves not only the entry but also the exit strategy. Keep an eye on those partial profit-taking points as we journey towards the 4470 target. 🎯💰 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🌊🚀
OANDA:SPX500USDLong
by Thomas_Zito
16
NZDCHF Short-term bullish continuationOn Thursday price manage to form a bullish strong candle which as a result broke 4H bearish market structure to the upside, since then price been in bearish corrective move and testing broken structure which now acting as important support for the price and price already rejected twice from this area. For more confluences we can see price is close to 61.8% #fibonacci level and 1H EMA200 both acting as support for the price and possible turning point for the price. In order for me to take a long position on this chart I want to see price taking liquidity from the recent low which I drew an arrow from it and failing to close below the arrow and also forming some form of bullish candle stick pattern such as #hammer #bullish engulfing or #morning_star to be convinced to take a long position
Long
by mohemati
Market Stands Firm on Support!📊 Weekly Chart: Long shadow at support, prior resistance. 📈 Daily Chart: ABCD pattern, respecting support. 🕓 Four Hour Chart: Counter-trend trade possibility. ⏳ One Hour Chart: Bullish bat pattern, wait for confirmation. 🌟 Weekly Chart Insight: - Market stands still in buy zone. - Different from Eurodollar. 📊 Daily Chart: - ABCD pattern, support respected. - Previous trade resulted in 219 pips gain. 💡 Trading Opportunities: - Confirmation of support for a buy. - Counter-trend trade in the sell zone. 🦇 One Hour Chart: - Bullish bat pattern. - Wait for consolidation or double bottom. - Use RSI Divergence for confirmation.
Long
by RaynLim
Bearish Signs Emerging!📊 Weekly Chart: Overall bullish, but watch current candle. 📈 Daily Chart: Bearish movement, key level 1.0766. 🕓 Four Hour Chart: Sensitive period, focus on 1.0766. ⏳ One Hour Chart: Multi-timeframe analysis. 🔍 Higher Timeframes: Confirm breaks below key levels. 🚀 Aggressive Short Opportunity: Wait for trend line retest. Look for break below 1.0705 or 1.0651. 📉 Weekly Chart Analysis: Trend line broken. Set alerts for retest. Consider aggressive shorting. 📊 Daily Chart: Wait for retest for aggressive short. Potential 130 pips opportunity. 🦈 Four Hour Chart: Shark pattern may be invalid. Customize chart for accuracy. 📈 One Hour Chart: AB=CD movement. Wait for 3-bar reversal for buying. Double bottom with RSI divergence.
by RaynLim
EUR/USD 1H Setup: Fibonacci Retracement and Rounding Bottom 📈🚀Calling all traders! We've got a fantastic EUR/USD setup unfolding on the 1-hour timeframe that you won't want to miss. Here are the key details: 🔑 Technical Analysis Highlights 🔑 📊 Fibonacci Magic: After a strong rally, EUR/USD retraced precisely to the 0.618 Fibonacci retracement level. A classic retracement pattern, indicating potential bullish strength. 🔄 Rounding Bottom Formation: The price has consolidated beautifully at the 0.618 level, forming a visually appealing rounding bottom pattern. The icing on the cake? The last candle is a bullish pinbar candlestick, signaling a potential upward reversal. 📈 RSI Confirmation: The RSI indicator supports this scenario, currently residing in the oversold territory, suggesting that a bullish move may be in the cards. 📊 Trade Strategy 📊 With these compelling technical signals, the strategy is clear: seize this buying opportunity on EUR/USD. Place your stop loss just below the pinbar, around 1.08320, to manage risk effectively. 🎯 Take Profit Targets 🎯 1️⃣ First Target: 1.09000 2️⃣ Second Target: 1.09400 3️⃣ Ultimate Target: 1.01000 Remember, trading carries inherent risks, and it's crucial to conduct thorough research and employ risk management techniques. Best of luck with your trades, and may they be highly profitable! 💰🚀📈 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
Long
by Thomas_Zito
3