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japanese candlestick patterns (engulfingbar bar)the engulfing bar: an engulfing pattern signals a reversal, and can be bullish or bearish. It comprises two candles. the body of the second one must engulf the body of the first one. There are two type of engulfing bars The bullish engulfing bar that cosists of two candles. the bosy of the second candle is greater in size than the previous candle. This pattern is considered to be reversal, because when it appears in a downtrend, it signals a revesal. The bearish engulfing candle consists also two candles, but it is the opposite version of the bullish engulfing bar . Be cause when it occurs in the end of an uptrend, it signals a future price reverse.
OANDA:XAUUSDEducation
by tradeplanprofit
2
japanese candlestick patterns (pin bar)The pin bar: It is candlestick pattern that consists of just one candle, it has a long lower wick and short body and little or no upper wick. Strictly speaking, the lower wick should be at least two times longer than the body, the longer, the better. There are two types of pin bar , the bullish pin bar which is a reversal candle that occurs at the end of downtrend and reverse the trend. A bearish pin bar which is also a reversal candle that happens at the end of an uptrend and revers it As you can see this chart, almost pin bar appear the trend will change reversal. This is one of the best in price action.
Education
by tradeplanprofit
japanese candlesstick pattern (doji)The Doji is a candlestick where the opening and closing prices are the same (or almost the same). It can take many forms; as shown here; depending of what the trading activity was in that period. The Doji candlestick indicates that neither sellers or buyers have gained control, and that price has ended where it began. It is a sign of indecision in the market. Let me show you an example below : In the chart above, you can see different types of the Doji candlestick pattern. This candlestick gives us a clear image about what happened in the market during the specific time period. In this hourly chart above, the formation of the Doji means that buyers and sellers are equal, no one is in control of the market during one hour, which is the time of the Doji candlestick formation. You can't use the Doji alone to make your trading decision, my goal in this first lesson is to help you read charts by being able to identify and understand candlestick patterns formation, so when you see the Doji candlestick pattern for example, you know that during that period of time the market was in an indecision phase and sellers and buyers are equal. This is the most important information that the Doji gives us when it forms in the market.
OANDA:XAUUSDEducation
by tradeplanprofit
Strong Bullish Reversal for USD/JPYUSD/JPY is heading for a possible Bullish Reversal soon. USD/JPY is heading towards a Strong Resistance Zone and Bollinger Bands along with RSI are approaching close to an Over-Sold Market. Lookout for a possible Reversal! What do you think about my idea? Do you agree or disagree? Let me know in the comments! Much love, - ALPHALICIOUS Disclaimer: This is my personal opinion of the current market. I am not responsible for any trades that you may execute. Please use your own analysis and research before you execute any trades and use proper risk management. Thank you!
Long
by alphalicious
🎎Anatomy of A Japanese Candlestick🎎Hello, my dear-dear friends!!!😍As promised you, today we’ll talking about 🎎Japanese candles!!! ---Link on a good view🧡🧡🧡 🧐🧐If you are interested in learning about the configurations of Japanese candles, write about it in the comments, I make new post for you✍🏻 ☝🏻Before analyzing any chart, trader can choose the option of displaying it in the form of lines, bars or candles.☝🏻 🎎Japanese candles can help to see well many patterns on the chart and are an additional tool for technical analysis.❗ ❗❗❗ Searching and finding candlestick configurations is relatively easy, and signals they give can be very useful in developing trading strategies.❗❗❗ 👉🏻Japanese candles are called candles🕯 because they resemble a candle with their elongated vertical shape, and Japanese🎎 - as they came from Japan. There, such figures were used to analyze changes in rice prices from the 17th century. ☝🏻Each individual Japanese candlestick looks very simple and consists of two elements: 👉🏻• The body of the candle is a rectangle that can be either very long or very short, down to one horizontal line. 👉🏻• Candle Shadows - vertical lines above and below the rectangle. 👊🏻 The essence of the Japanese candle is: • One of the left corners of the candle body is the price of the asset at the time the candle opens. • One of the right corners is the price at the time of closing. For a green candle, the open price is the lower left corner, the close price is the upper right corner. For a red candle, the opening price is the upper left corner, the closing price is the lower right. The color of the candle depends on whether the price has changed up or down during its existence. If up, then it turns green💚, if down, then red🧡. Japanese candles make it possible to predict: • The occurrence of a trend. • Continuation of trends. • Change (reversal) of trends. ❗❗❗ There are a lot of candle configurations, however, they are all simple and easy to find on the chart. But it is important to remember that: • Candlestick configurations alone are not enough to complete transactions. • You need to look for other signals to determine when to enter the market. • Be sure to calculate the global trend and make transactions only in its direction. • It is better to use Japanese candles mainly on daily charts. On a smaller scale, the effectiveness of candlesticks is greatly reduced. 👍🏻Support me with like, I’ll prepare for you many more interesting training posts soon!💋 💙Stay with me💛 YOUR Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
28
USD/JPY Best Buy Positions While Trading in Strong UptrendIn this technical analysis I will explain my current view on USD/JPY and why I suggest a long position. Also, I will explain what good areas are to buy it now that we are in an uptrend. USD/JPY has been in an uptrend for almost a full week now. This means that buying is becoming more and more tricky. Remember to always try to buy low and sell high. This means that you wouldn't want to buy at the end of an uptrend. Especially if you look at the RSI right now we see an >> overbought << RSI with a value of over 70. This is an indicator that you shouldn't want to buy right now, but instead sell. Since I expect the uptrend to continue overall, I do suggest to enter a long position. The only thing we need to figure out is where to buy now. If we look at the channel, we see that the price is now trading towards the top of the channel. Combined with the overbought RSI I expect that the price will retrace slightly. If it does, this creates a really nice buy opportunity. You can wait for the price to drop towards the lower part of the channel, but also if we look at horizontal support we see a nice S/R flip that can indicate an area to buy. After the buy, you can either hold it for a long time to trade the trend all the way to the end, or exit quicker as soon as the price is near the top of the channel again. I suggest to leave the trade sooner than later, since the whole world and especially the US has lots of uncertainty right now. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
8
BEWARE FIRST & LAST SESSION HOUR- KDD CORPORATION-30MN- MY IDEASAfter a past long ranging period , we can observe that the KDD CORPORATION curve in 30mn has been at first descending. After a short period with flat movement we observed a change in direction, seeing now the market going up back to the former ranging zone. We see that there is a huge amount of fight between buyers and sellers. For the time being, buyers win! Illustrated by two strong buying signals opportunity to get profits in the long direction. Next: -High probability of seeing the market running up more even in this slop angle. - Beware of the first and last hour of session , major moves has been happening during those times. - Possibility of a short entry around the top dotted black line which is a strong resistance point OR if we observe a large candlestick (one unique candlestick ) going down to break all lines and reshape the market.
TSE:9433Short
by Diallo_Charts_Ideas
RANGE BROKEN - BEARISH - TOYOTA MOTOR CORP - 30MN - MY IDEASAfter a long period ranging between the two blue lines (support/resistance), we are observing a break out in the downside. The history of the market tells us that it has several times tried to revert with very strong volumes. ALL FAILED! Until we had the confirmation of the downside trend. What to look up next: Check the volumes and see if it helps the market to revert the trend otherwise there is a high probability for the market to keep decreasing even if the slope have flatten a bit.
TSE:7203Short
by Diallo_Charts_Ideas
Massive drop aheadMonthly chart. Breakdown is obvious and confirmed. Thin CPR predicts massive volatility and it is rather clear - to the downside. Using DM projection we should end at yearly S3. DM bullish projection does not provide any space for any volatile move even if we would make a bullish breakout (all DM qualifiers missing). Top Absolute Correlation 1 month 1 EURJPY - SGDJPY 89.5% 2 EURJPY - EURSGD 86.1% 3 EURJPY - EURCHF 82.1% 4 EURJPY - CADJPY 81.3% 5 EURJPY - EURUSD 78.7% 6 EURJPY - USDPLN -77.8% 7 EURJPY - CHFJPY 76.4% 8 EURJPY - USDCZK -75.9% 9 EURJPY - NOKJPY 74.1% 10 EURJPY - XAGEUR -70.8% Top Absolute Correlation 1 week 1 EURJPY - SEKJPY 84.7% 2 EURJPY - USDCNH -80.4% 3 EURJPY - SGDJPY 78.1% 4 EURJPY - NZDJPY 77.2% 5 EURJPY - NZDCAD 72.4% 6 EURJPY - HK50.n 68.3% 7 EURJPY - HK50 68.0% 8 EURJPY - GBPJPY 68.0% 9 EURJPY - AUDJPY 67.8% 10 EURJPY - GBPCHF 66.7%
Short
by ICFX