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Hammer

BTC update This is update to my previous Idea regards BTC. Based on this chart I assume that 1000$ mark was defended and strong bullish trend should continue for some more time. BTC is making new highest highs while I'm posting this Idea(well at least on this chart). I strongly believe that the BTC will hit 1700 1800$ mark some time in the future. I also believe that 3000$ is very probable as well but I'm not sure when it will happen. I marked strong support/resistance close to 1300$(blue rectangle). This area should be tested and then BTC should move north. Recent informations regarding BTC future didn't change strong bullish trend that much. Please don't take it as a trading advice it is just my thought.
Long
by Krystiannwk
EURUSD strong by signal based on GAP and psychological levelI can see here strong rejection after attempt to reach 1.0500 level. Monthly candles showing nice pattern for the third time( Bullish engulfing) and closed above support mentioned above. I see also two important formations : 1. GAP from daily chart(different broker) is respected almost perfectly with pin candle 2. Shadow of the candle reached Fibonacci level 38.2% the safe target for me is 1.0800 area, when probably price reach 200 EMA on daily chart. I would suspect that next wave will reach 1.1000 area in long term.
Long
by Krystiannwk
USDCHF short after weekly candle close below psych lev. 1.00000Daily chart is showing big bearish candle after pin candle closed below psychological level. There are two support areas on the chart. These are based on the GAP between daily candles on chart provided by my broker my broker. I placed the stop loss just above the daily bearish candle. I calculated TP based on Fibonacci ratios. I'm also bullish for EURUSD pair which is in negative correlation with USDCHF. I think that if I'm correct any attempt to go beyond 1.000 will be stopped by 200 MMA on 4h chart.
Short
by Krystiannwk
EURUSD produced Bearish Hammer on FED Chair Yellen Remarks EUR was correcting higher since the start of 2017 but pair could not clear 1.0810. Rejected from Support turned resistance, Highlighted in black this area remained support for EUR rally in 2016 when EUR was opted as Safe Heaven currency by traders. Once US Elections past, Dollar bulls are back and would love to pair US dollar against relatively weaker currencies like Euro and Yen. We have fundamentals and technicals aligned here as EUR/USD has produced bearish hammer as result of FED Chair Yellen remarks yesterday. Traders can take short positions as risk/reward parameters look attractive. Next supp is @1.0493. We are already short on Euro against GBP . Those who don't have Euro exposure in existing trades may open short.
Short
by ashfaq.hussain.duggal
Gold StallsGold stalled today and ended the day just above the BB Midpoint. Today's hammer is a bullish candlestick so while price is still under the 6 and 8 day MAs and the stoch RSI is moving down, I want to see confirmation on Monday as to the direction of Gold's next move. Also note that the hammer shows rejection of the range below as shown on this chart: This is also not very bearish. Due to these mixed signals, and the fact that today was contract rollover for Gold Futures, I closed my positions, banking a nice 18 point per contract profit.
COMEX:GCG2017
by GoldBands
Selling Position - GBPUSDA hammer candle has formed on the Orange trend line (Resistance) which is big indication for it to go down but keep note that Teresa May will be talking about brexit on a Tuesday which will cause this pair to be volatile in either position but for Monday, I can clearly see it go all the way to the purple trend line (Support) if the resistance line does not get breached. * Potential for it to go up is possible but due it to it being tested twice and causing it to drop has given me the conclusion for a short
Short
by Jamal92
1
AUDUSD - good signals to think at the end of the correctionI think the price correction is completed. In the H4 time frame we have three reversal patterns, an inverted hammer, an engulfing and a doji. Furthermore, first two reversal signals shape a tweezers top. Thus, we have different reversal signals that can give us short opportunities that could push the price near 123,6% Fibo retracement or in 0,71437 price level. This price level is 23,6% retracement level calculated on daily chart on high at 0,81625 and low at 0,68290. This level is important because is a good support, between 24/05/2016 and 30/05/2016 price action shaped tweezer bottom with a beautiful hammer. Furthermore the lower hammer shadow touched a long trend line (you can see that on daily chart). So, if the price action will go down, we had two good TP levels with a SL that could be placed above 0.74211 (23,6% retracement level on H4). If the price goes up, we will wait for the end of the correction, in this scenario the explanations writed above will be valid. I hope I've done a good analisys. Please write me suggestions or your opinion, I'll appreciate that. Thanks.
Short
by michele_laino