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If current price action on 1 HR chart ends up closing above 0.73000 level, then go BULLS & if price action of current 1 HR candlestick stays below that level, would think a reversal would be in order. On noted Ichimoku cloud indicator price action has made a red & blue cross over which would have been a great place to go long at that time. Now price action is...

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When on Ichimoku Cloud indicator shows a CLOUD or KUMO Twist... it means in near FUTURE a direction or Price action change will happen soon. Should take notice and plan your trading strategy accordingly. Remember that this indicator gives you the PAST, PRESENT & FUTURE if you understand the concepts and goals of this one. This is a trend indicator, not ranging.

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On current 4 hr GBPUSD chart a definite bearish trend is going on & will remain for awhile. If you understand the Ichimoku cloud system/method of trading, it will tell you a lot in a couple of SECONDS, by glancing at chart. Information like the following: 1) Kumo Twist happens 1st- then change in direction soon afterwards. 2) Bearish Trend- Tenkan-sen line...

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This is a breakdown of a new TOOL which I came across of late, which you might want to use. You would need to clear off everything on charts except: Price Action & Ichimoku Cloud. I added a Pivots HL for top & bottom exact PA levels. * This can be utilize as a signal line, minor OR major Support & Resistance line areas, to inform of a future trend change & for...

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Looking at the XAUUSD 4 HR chart, yes we are now in an uptrend (major trend) since beginning of this year. If you place a Fib retracement indicator over price action from 1046.54 to latest highest price action this month, it appears to me that a major retracement or downtrend will be happening for rest of May & into June. Should go down to 50% level or around...

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When I look at the USDJPY weekly chart (not for trading purposes), but for long term knowledge & wisdom: you can get major trend, support & resistance areas and fib retracement areas. Where is this pair going? I have read & agree with the principle of if price action on any long term charts, which in my view are 4 hours or higher, then they have a lot of...

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AUDUSD 4 HOUR chart is showing a down trend since around 5/19/16, so can you trade up trends? You might be able to on lower TFs, then noted 4 hour one noted. How could you be safe as possible doing this? Noted on current bearish down trend is sell going down & when you notice a Pin bar candlestick reversal (3 candlestick pattern) or and Engulfing candlestick...

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Did you catch the latest Bearish Pin bar chart pattern on the 4 hour GBPUSD? This pin bar three candlestick pattern happened on a reversal upwards, during the down trend of this pair. This would have been a safe place to entry into a bearish or PUT trade right before the second red candlestick noted closed. Do you see the left eye, nose & right eye of chart...

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One of the most powerful or (maybe the #1) reversal to keep in mine. One noted on this chart are both bearish, but they can come at end of a long run downward & be bullish.

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Do you know what you need to know about what chart's are telling? Do you speak the language of price action? Look @ AUDUSD- what do I see? - Price action on last day of trading just stop right on/above a MAJOR support of pair, so should reverse this week UP. - Let's put a Fib Retracement indicator on top of low & high's of price from start of this year to into...

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The Pinbar reversal chart pattern is one of the best ones to know change of direction of a pair. ( Pinocchio bar). The EURUSD pair just made a Bearish Pinbar chart pattern, which consists of three candlesticks & happens after a long trend in same direction like here, a around 7 day price action going upwards. Last green candlestick going up is (left eye), next...

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Currently on daily USDCHF pair, price action is showing a Bullish Engulfing chart pattern, which is one of two best reversal chart patterns, especially on daily charts. This is a two candlestick pattern, with previous candlestick body, which engulfs the next candlestick which is totally inside the body of previous candlestick. One noted is a long red...

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As noted on EURUSD daily chart - one of the best reversal chart patterns just happened, which is an Engulfing pattern. They can be both Bullish and Bearish Engulfing patterns, but current one is Bearish. What is an Engulfing Pattern? It is one where the previous candlestick (one noted is long Green candlestick) body is larger then the whole price action of...

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EURUSD daily chart is showing a very obvious Pinbar chart pattern on chart. The other name is the Pinocchio bar pattern which is named because of the long NOSE on top, left green candlestick (left eye) & current red candlestick (right eye)-- price action is very reliable that BEARS or Puts own this market at this time. The EURUSD pair might be in a downward price...

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Part Three: Candlestick & Patterns If you are doing End Of Day Trading on Pairs, using candlesticks & patterns will keep you trading in right direction. You will need to do some pre-homework, so that you can catch the next 1 day candlestick & profit. On daily time frame of GBPUSD, I have noted some candlestick & patterns that jumped out for me. You can find...

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Part Two: Candlesticks & Patterns *When you look at 1 hour time frames-- can you recognize & react to either candlesticks and/or patterns? If you are doing 1 hour or longer trades this is time frame that you should break down & understand. Just like on all trading frames, not all candlesticks tell you much, some only candlestick depending on where they are on...

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Just like learning a new language, trading has it's own language too. If you would like to be profiting & consistence in trading, you need to learn the language of CANDLESTICKS & PATTERNS. On attached GBPUSD 15 mn chart, here are some examples of candlesticks & bearish/bullish patterns. You should put candlesticks & patterns on all time frame charts, so you can...

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When I look at 1 hour charts: Need to break what you SEE into pieces that you can trade with & use. First I see that ABC correction waves were concluded on 4/5 (Tuesday). Secondly, Elliot impulse 1-5 waves had started right afterwards and 0-1 wave down is done & 1-2 retracement wave up already happened too. We are currently on the Elliot impulse wave which most...