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Candlesticksignals

AUDUSD - Daily Chart AnalysisRecent Price Action: Bullish Pattern: Rising wedge (short-term correction) Long-Term Momentum: Bearish Short-Term Momentum: Bearish Bias: Short Action: Potentially enter short position after price breaks 4H trend support. Otherwise, wait until price closes and tests trend support on the daily chart. Comments: Price had a strong retracement after a huge sell-off. Price was able to test the 29 EMA but failed to continue to push higher after. The red candle that closed above the 29 EMA indicates major indecision and is often followed by a reversal which we are experiencing now.
Short
by tradingwithyg
AUDUSD Double-Bottom showing bullish strengthI posted a trade setup yesterday where a very large bullish pin bar candlestick had formed on the weekly charts that coincided with a previous low (which acts as a major support line) as well as an important price level of 0.75. You can view that analysis here . Price continued to creep lower from yesterday morning into yesterday evening. Then last night the bulls showed up and a nice bullish Double Bottom pattern appeared in the hourly's. You can view the double bottom on multiple time frames I have chosen the hourly chart here. Reversal setups are always riskier because the reversal must occur into a long term counter trend. That means the force and momentum is tremendous and not easy to flip. Due to that it is not uncommon to see a reversal signal and then watch the markets bounce within that reversal candle range as the market begins shifting. For this reason reversals are most risky than trend-trading but when they do work out the reversal can be quite explosive as many positions are forced to unwind quickly, a.k.a. long/short squeeze. I will be watching this closely to see if the short term momentum can build into long term momentum and we finally get a trend change in this pair.
Long
by krugman87
BTCUSD - Still have time to play alt coins!Note: this idea is extremely time constrained and may be irrelevant by time you read it. 1 hour just closed with a doji candlestick! We still have time to play alts as long as BTC is carefully watched. + Closed right on the 38.20% retracement (peak is drawn from $11185.10) + Jumped speed resistance fans like it was made for puppies + BTC can definitely drop a few dollars and ride the fan line, no $100 drop (yet) - RSI has flattened out - Price stagnation and a bad candle close can lead to a big dump (or a pump but it looks bearish as of posting) +/- Inside main trend channel. Good because we're safe, but we may hit the bottom of it if support fails. - Extreme divergence from the two moving averages. Usually when this happens we're bound for a correction. - Buy volume lacking Stay safe out there!
BITFINEX:BTCUSD
by NeoButane
USDJPY Weekly Trade AnalysisUSDJPY > 10/15-20/17 Trade Analysis Timeframe: 1W Shooting Star candle signals roll-over @ week's beginning. Break and Hold below 112.00 signals to 108.00 level. Expecting these levels to be Buyers area. Break and Hold above 112.00 can signal further rise to 115.00 level. High volatily expected as I believe we are in the "wacky" season where up is down and down is up! * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
EURUSD Weekly Trade AnalysisEURUSD > 10/15-20/17 Trade Analysis Timeframe: 1W Previous break of strong Hammer signals possible very strong bullish trend to continue up to 1.21000 level. Firm break and hold above 1.21000 expecting further rise to 1.25000 level where fall is expected to begin toward 1.167000 level. Current expected closing price @ end of month is now projected near 1.19000 level due to strong bullish trend analysis. High volatily expected as I believe we are in the "wacky" season where up is down and down is up! * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
USDJPY > Simple candlestick signals easy to recognizeEducation > Basic Candlestick Signals Chart > USDJPY > Non-Farm Payroll News Release > Friday, Oct. 6, 2017 - 8:30 A.M. Analysis in chart 1. Large body w/small wicks indicate strength 2. Larger the body w/smaller wicks indicate greater strength 3. Long wick w/body at opposite end of candle indicates shift in trend momentum 4. Wicks at both sides w/smaller body in middle indicates indecisiveness and both sides have equal strength 5. Larger wicks w/smaller body in middle indicates increase of indecisiveness * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Education
by ALSM59
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