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Candlestickpattern

2 different perspectives🔍 Let's explore the current outlook on USDCAD from two different perspectives. 📉 The major break of a key support level suggests a bearish sentiment in the market. I'm inclined to take a shorter position, and I'm patiently waiting for a retest at 1.3305 for a potential shorting opportunity. 🕰️ However, if you have a different view, on the 4-hourly chart, there is a support level at 1.3268. You can wait for a confirmed candlestick pattern before entering the trade, ensuring a more conservative approach. Stay tuned for more updates and trading opportunities as we navigate the market together. 💼📊 #USDCADAnalysis #BearishSentiment #ShortingOpportunity #SupportLevel #TradingOpportunities #StayTuned
Short
by RaynLim
Major Counter-Trend Trade🔍 Dive into my latest analysis on the related article and compare it with my previous week's analysis. 📉 Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market. ⚖️ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart. Once the trendline is violated, patiently wait for the retest before considering entering the trade. Stay updated with my analysis as we navigate the market and uncover potential trading opportunities. Don't miss out on valuable insights! 💼📈
Short
by RaynLim
2
Counter-Trend on USDJPY📉 This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96. ⚠️ However, it's important to note that despite this shorting opportunity, my overall bias remains bullish on the US Dollar. This week appears to be a retracement week in the market. Stay tuned as we navigate through market movements and identify potential trading setups. Let's make the most of this retracement period! 💪💼 #USDJPY #CounterTrendTrading #ShortingOpportunity #RetracementWeek #StayTuned
Short
by RaynLim
Buying Opportunity📈 My bias is strongly inclined towards buying GBPUSD. Currently, I'm eagerly anticipating the formation of an Ascending Triangle trading setup. 🔍 There are two possible scenarios to consider: 1️⃣ Waiting for a retest back to the trendline for a prime buying opportunity. 2️⃣ Observing a violation of the red line at 1.2853, followed by a retest, before entering a trade. Stay tuned as we closely monitor the market for the ideal buying entry. Don't miss out on this potential opportunity for profitable trades! 💰💼 #GBPUSD #AscendingTriangle #TradingSetup #BuyingOpportunity #StayTuned
Long
by RaynLim
🚀📈 Riding the Bullish Wave: Nasdaq Buy Signal Activated! 🚀📈This is an exhilarating opportunity on Nasdaq, unveiling its bullish potential on the 1-hour timeframe. It's time to catch the wave of profits as we dive into the intricacies of this highly reliable trend continuation setup. Our journey begins with the formation of a bullish bat pattern, a formidable harmonic pattern renowned for its accuracy. The current market dynamics have set the stage for a bullish resurgence, and we're here to capitalize on it. A crucial element of this setup lies at the support level of 14220, which witnessed significant rejection candle formations last week. This level, also known as Point X in the harmonic pattern, adds weight to the bullish thesis. As price now hovers above this support, the stage is set for an impressive rally. Our technical arsenal receives reinforcement from the Relative Strength Index (RSI), further solidifying our buy signal. The RSI confirms that this area is an excellent buying opportunity, aligning with our analysis of the support zone. Additionally, an inside bar breakout, represented by a bullish candlestick, further strengthens the case for a potential reversal in this area. It's important to emphasize the consistency of these multiple indicators, enhancing the reliability of this setup. When different technical elements converge, the probability of success skyrockets, providing us with a significant trading edge. Now, with our sights set on profit targets, we anticipate a bullish surge in Nasdaq. Buckle up as we aim for the stars! Keep a close watch as price progresses, but consider taking some profits when price approaches the Potential Reversal Zone. As with any trade, prudent money management is key to long-term success. Don't forget to press the like button if you think this insight was helpful 🚀📈💪
OANDA:NAS100USDLong
by Thomas_Zito
8
Dollar-Yen Remains Bullish📉 The analysis on USDJPY remains bullish, but for now, we're on the lookout for counter-trend trading opportunities. 🔄 📉 The Bearish Fib-3 Bat Pattern at 149.15 offers a potential shorting opportunity, although it may take some time to validate. 📉 Alternatively, a break of the trendline on the 1-hourly chart could provide a more immediate shorting opportunity. We're watching for a retest without violating the trendline. ⚠️ However, the trendline hasn't been convincingly broken yet, as the candlestick failed to close below it. 🔍 USDJPY is currently of lower priority for trading this week. Share your trade plan! 📊💭
Short
by RaynLim
2
Aggressive Buying🔍 Current Situation: No favourable buying opportunity on GBPUSD, but counter-trend trading possibilities exist. 🔴 Retest of Double Top: Watch for a retest of the double top pattern completing at 1.2745 on the 4-hourly chart. Traders eyeing a reversal will be attracted. #DoubleTopPattern 🦈 Bearish Shark Pattern: Keep an eye on the Bearish Shark Pattern completing at 1.2743. Short-savvy traders may join in. #SharkPattern 💥 Market Reaction: As two trader groups converge at 1.2745, expect heightened volatility and rapid movements. Stay prepared! #VolatilityAlert 📊 Trade Strategy: Exercise caution with counter-trend trades. Set conservative targets and manage risk effectively. Scale in wisely. #RiskManagement 👀 Stay Vigilant: Continuously monitor price action and adapt your approach as the market unfolds. Protect your capital! #StayAlert
Short
by RaynLim
🐻 Bearish Setup Alert:Harmonic Pattern Signals Sell OpportunityThe bearish setup on EURUSD is looking promising as price action reveals a potential trend reversal. A harmonic pattern, specifically the completion of the leg CD of a bearish bat pattern, indicates a high probability of a downward move. Moreover, a bearish engulfing candlestick pattern formed recently, reflecting increased selling pressure. Adding to the bearish case, the imminent crossover of moving averages suggests further downside potential. With these technical factors aligning, it's an opportune time to consider shorting EURUSD. For potential profit targets, we can set our sights on 1.08500 as the initial take profit level. Further downside targets include 1.07800 and 1.06900. It's important to monitor price action closely and adjust take profit levels accordingly. Stay tuned for updates as we track this bearish setup. Happy trading! 📉💰 don't forget to press the like button if you think this insight was helpful 🚀
by Thomas_Zito
1
BluetonaFX - SILVER Support Break OpportunityHi Traders! We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle formation, which is a bearish candlestick pattern. We are looking for a break and a close below 22.117; if we get this, then we have a first target at 21.500 and a second target at 20.787. If we do get a break and close below 22.117, then there are buying opportunities just above this level to target the long-term 26.129 resistance. Please remember to like, follow, and comment to support us. Your support is appreciated. BluetonaFX
TVC:SILVER
by BluetonaFX
2
BASIC INDICATOR GUIDE & MARKET PHASESBasic Indicator Guide for Trading. Like & share it with others!! ✅Moving Averages: Moving averages calculate the average price over a specific period to smooth out price fluctuations and identify trends. ✅Parabolic SAR: The Parabolic SAR places dots above or below the price to indicate potential trend reversals, helping traders identify when to enter or exit positions. ✅RSI Indicator: The Relative Strength Index (RSI) measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions. ✅MACD Indicator: The Moving Average Convergence Divergence (MACD) consists of two lines and a histogram. It helps identify trend changes and momentum shifts by analyzing the relationship between two moving averages. ✅ATR: The Average True Range (ATR) measures market volatility by calculating the average range between high and low prices. It helps determine stop-loss levels and position sizing based on current volatility. ✅Bollinger Bands: Bollinger Bands consist of a middle band (usually a moving average) and two outer bands representing price standard deviation. They indicate volatility, with wider bands suggesting higher volatility and narrower bands indicating lower volatility. They also help identify potential price reversals. Which is your favourite indicator? Comment below👇🏻
NSE:NIFTY
by Jagadheesh_JP
EURGBP LONG breakout and retest 29 JUN 66 (education) In the weekly chart, the price show 2 consecutive large green indicate price reversal. The price of EUR/GBP pair broke out of the range in 45Min TF and throwback at the resistance become support level. The EMA crossover shows the bullish momentum for entry. The candlestick that confirm bullish rejection at the resistance become support level is "Doji" Therefore, i decide to entry at the current price and stop loss slightly below EMA "34" . The profit target is 2.00 RR. # i decide to use EMA as dynamic support level after price start trending market.
Long
by kennkennntl
1
usdjpy reversal signal at retest highAfter a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major resistance level which is why I decided to take advantage of the retest during the best time of the day. Although the dollar yen is still overall bullish, there are sellers coming in to keep price from pushing higher. I've shorted the highs, no lower low yet except for intraday 5min. which is my entry point. Stop loss just above the high.
Short
by DesharedPierreJr.
USDJPY high around 143.800The dollar has been in a weak uptrend for the past few hours so I decided to take advantage of some indecision at a high. Price presented a shooting star on the 30minute chart as well as a strong bearish engulfing on the 5min at the exact area needed for a short. This area is exactly where price closed at then was immediately rejected on last Friday (6/23). This retest could be early considering NY session is hours away. Also the lower timeframes haven't began creating lower low yet.
Short
by DesharedPierreJr.
I might want to own DisneyI might want to own Disney as my first stock. Now this is why! Are you aware that Netflix stopped allowing users of different IPs to log in and watch the show, even when you had a premium subscription? That means, even if you are from the same household, but one of you has an extended overseas trip, he could be booted out after he has "used up" the overseas button. In some countries, the subscription fee of Disney is 3 times cheaper than Netflix. I'm unsure if that's what Disney offers for the first-time sign-up client, but it is worth noticing. Disney owns some of the biggest brands, such as Marvel, Starwars, 20th Fox Century Studio, and more. Although I'm not optimistic about some of the new Marvel series, there is so much more potential with Disney. So when the Bullish Shark Pattern has confirmed at $87.90, it is great news for me to own my first stock and it might be Disney. What's your take on this?
NYSE:DISLong
by RaynLim
2