Weekly low test candle rejecting weekly 51EMA. Daily double bottom leading to intraday doubly bottom. Break and retest of H1 51EMA with stop below the 618 retrace of previous move up. Aclose above the 111.50 level will give weekly tweezer bottoms going into next week.
Charts quite messy. Trade down to new lows. Looking to enter after a more apparent breakout. May take profit 80 pips in.
Short positions only now for this pair. Confluences Weekly Bearish Pin Bar H4 50% retracement H4 Tweezer Tops H4 MA Cross H4 Trendline Bounce H4 Inside Bar Rejection Uptrend Trendline Break & Retest
May Soybeans rose out of a tweezer candlestick reversal today. May see another up day tomorrow. Seeing that beans are pressured by Brazil harvest, we consider this a retracement and fall into bullish Butterfly. Suggest 50% or 61.8% next target. However, open interest is still rising and we are still in an uptrend. If market continues up, possible double top.
New Zealand dollar has produced a tweezer top reversal pattern. Friday's rejection of higher prices suggests a lower price Monday. The USD has produced an evening star doji, which might produce one more push up to finalize that last shoulder of the H&D and then head down. NZD also produced a evening start reversal Tuesday indicating a reversal on Thursday.
Candlestick tweezer bottoms indicating a bullish reversal. Going to scalp a few pips. May adjust target, T/P and S/L accordingly.
On the daily chart we can see how the price, after a sharply upward move, stops near an important resistance. After a nice white candle, we can see how the price action shapes a long legged doji, after that it shapes a reversal hammer (not so nice). Furthermore, these two reversal signals shape a tweezer top. Thus, we have different reversal signals that can give...
Price is reaching the 2/3 portion of the descending triangle formed by a long term resistance line and a recently tested support line at 100.060. Tweezer tops have formed, and I predict price will break through this support and continue in the direction of the long term trend.
We have a really nice entry bar here on the 2h - a good spot to long and TP1 at previous resistance at 1.33101 and finally at 1.31589
Despite the dollar going up we saw some major moves on a lot of metals (including GLD) this friday and we ended the week with 9 pennys away from a tweezer bottom on the weekly I´m right now waiting to see what the dollar might do in the near term future before entering any longer term trades but my trading plan allows for 1-5 days trades on metalls
I copied the following idea; and justify with my own strategy. PLS DO NOT FOLLOW IT BLINDLY! Price below the upper trend line of the channel. .382 retracement of down AB Swing StochRSI Over sold BEARISH TWEEZERS TOP
We might get the bounce to 244 after all (the next leg in the Huge Bat idea) tight SL below the tweezers @ 0.0170.
Just checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to...
Just checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to...
Price has been in a range from 111.00-114.00. Price is at the range lows on the four hour chart. We have tweezer bottoms and RSI divergence on the Daily. I'm looking to get long around 111.05 at the 4 hour structure support. I'll have my stop just below the swing low's at 110.60. Looking to take profits at the range high at 114.00. Price rejected the...
There is some RSI divergence on the 4 hour chart. USD/CAD might start to get out of its bearish rotation in the coming days. You can see on the 4 hour chart, the RSI is starting to build momentum to the upside. On the Daily the RSI is starting to pull away from oversold and is starting to build in strength. We just need to see price catch up. I'm looking at the...
Could there be some relief in yen next week? Weekly - Hammer / pin bar Daily - Tweezer bottoms - Double bottom formation - RSI oversold - ABCD move completion with strong reaction at 77.595 H4 - Bullish engulfing candle Bullish pressure seems to be building up. Awaiting pullback and seller failure before taking a long position Strong support at 80.000
GBPJPY H4 chart shows a bearish tweezer top price action pattern. The RSI supports the bearish idea with closing back below 50. S/L is placed just above previous candle's high. Target is daily pivot line around 163.60.