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Candlesticksanalysis

EURUSD Analysis: Strategic Approach in Volatility PhaseOn the Weekly Chart, this looks like a regular day strolling down the road of simple support and resistance trading. This is when new traders got it all wrong! On the Weekly Chart, sideway consolidation occurred. When sideway consolidation happens, market expansion, known as a volatility increase phase, will definitely follow. From what we had, at this moment, I'll be more inclined to take a buying opportunity at 1.0842 on the 1-hourly chart than to short at 1.0852. Of course, this is not a sure thing; always plan and follow your trade plan.
Long
by RaynLim
MSFT: The risks of selling shortNASDAQ:MSFT ran down yesterday but is reaching the low of the support today. The next tier of support is outlined also from the Dec-Jan Buy Zone ahead of earnings season. The risk day traders are taking selling short is if it runs below the low of the support and the Dark Pools surface to buy below its fundamental price level. This is why selling short is risky at this time. Support is around $397. The big question is where are the lows for fundamental levels for the next quarterly report. MSFT had higher revenues with slightly lower earnings. The CFO did not adjust earnings. It could gap or run down on news, but fundamentals are not way below the current price.
NASDAQ:MSFT
by MarthaStokesCMT-TechniTrader
A 711pips of profits that could be yoursA 711pips of profits could be yours if you join our Weekly Wednesday LIVE Streaming Session on TradingView. Should you ask me my view on EURJPY and choose to engage the Bullish Deep Gartley Pattern at 138.17? What happens next could be of better use to you, a Potential Bearish Flag Pattern trading setup. There are 2 ways I would engage it. The first way is to wait for a break and close below the current trendline, and I'll wait for a retest before engaging the trade. Another way would require the market to rebound and pause on the higher trendline. That is when I will wait for a candlestick pattern confirmation before engaging the trade.
Short
by RaynLim
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