BlackCandleTrader

BlackCandleTrader

EUR/USD shows strong bullish momentum across all timeframes, signaling a potential continuation rally. On the daily chart, the pair remains above key EMAs (55, 89, 200), with support near 1.1100 and resistance at 1.1228 and 1.1400. The RSI suggests consolidation, but overall structure favors the bulls. The hourly chart confirms a fresh bullish breakout above the...

BlackCandleTrader

USD/JPY has decisively shifted bearish across all key timeframes. On the daily chart, the pair broke below the 50-, 100-, and 200-day EMAs with consistent lower highs and lows. The hourly chart confirms this trend, with bearish EMA stacking and failed attempts to reclaim the 200-hour EMA. RSI remains under 50 across timeframes, signaling persistent bearish...

BlackCandleTrader

EUR/USD is in a bullish correction on the daily chart, holding above the 21-EMA with compressed moving averages signaling consolidation. The pair trades in a 1.1170–1.1230 range on the 1-hour chart, presenting ideal day-trading opportunities. Volume spikes at support (1.1170) and weakness near resistance (1.1230) reinforce this range. Use this structure to your...

BlackCandleTrader

USD/JPY remains in a broader uptrend, with buyers defending the 141.00–144.50 support zone on the daily chart. While price has recently pulled back from the 148.50 high, the overall structure remains bullish. On the hourly timeframe, the pair has been moving within a descending channel since May 13. However, a double bottom near 141.80 and a push back toward...

BlackCandleTrader

SPY has surged in a strong V-shaped recovery from the March low of ~480 to testing major resistance around 595–600. The daily chart shows sustained higher highs and higher lows, but price now stalls at a key supply zone with multiple doji candles—signaling indecision. A rising trendline provides strong support near 570. Zooming into the 60-minute chart, SPY forms...

BlackCandleTrader

USD/JPY is trending higher short-term but remains below key resistance on the daily chart. The daily timeframe shows an inverted head-and-shoulders forming, with a neckline at 152. Until that breaks, rallies into 148–150 are likely to fade. The 1-hour chart shows a rising wedge from 142 to 148.5 with support around 145.0. Momentum is slowing, warning of potential...

BlackCandleTrader

SPY remains in a strong uptrend, confirmed by a bull flag breakout on the daily chart, with price currently testing the $588–590 resistance zone. A rising channel on the hourly chart has guided price since early May, with repeated bounces off the lower trendline around $578–582. Recent volume expansion on breakouts reinforces bullish conviction. On the 15-minute...

BlackCandleTrader

GBP/USD is in a clear daily uptrend, with price respecting an ascending channel since December 2024. A recent pullback to the 1.3200–1.3250 support zone set the stage for a bounce, aligning with a 1-hour double bottom and a 15-minute bull flag forming around 1.3300–1.3360. Key short-term levels: Support: 1.3300–1.3310 (H1 neckline & intraday...

BlackCandleTrader

GBP/USD Multi-Timeframe Summary (May 13–17): On the daily chart, GBP/USD faces strong resistance at 1.345–1.350 (double-top) and support near 1.280–1.290. The recent pullback to 1.320 aligns with the 61.8% retracement of the April–May rally. On the hourly chart, price is consolidating in a falling channel between 1.318–1.336, with a bear trap on May 8 indicating...

BlackCandleTrader

The GBP/USD has been in a strong uptrend since early 2025, rallying from around 1.2100 to a recent peak near 1.3450. The daily chart shows a pullback from this high, indicating consolidation or a corrective phase. Despite short-term bearish pressure, the broader trend remains intact above key support at 1.3200 and 1.3000. On the hourly chart, price action...

BlackCandleTrader

As of early May, SPY consolidates around $560–$570, testing former support-turned-resistance. On the daily chart, the market is pausing after a rapid rally, with $610 as major resistance and $540–$485 as key support. The 1-hour chart reflects a solid uptrend with recent consolidation between $555–$568, while the 15-minute chart shows intraday weakness with...

BlackCandleTrader

My analysis today is that the AUDUSD is going long and there is a potential to earn 120 pips. We can see the price bounced off the support at 0.66998 and it a strong support having been tested twice and price bounced off it. Additionally, you can see the bullish divergence by the RSI where the RSI is moving up while the price was playing catch up. If you look...

BlackCandleTrader

My analysis today is that the AUDUSD is going long and there is a potential to earn 120 pips. We can see the price bounced off the support at 0.66998 and it a strong support having been tested twice and price bounced off it. Additionally, you can see the bullish divergence by the RSI where the RSI is moving up while the price was playing catch up. If you look...

BlackCandleTrader

So to my fellow traders I pose this question when learning to trade they say check higher timeframes. At the time of writing the price is at 0.69236. When you check the 15 min time frame the trend is bearish , when you check the 30 min timeframe the trend is bullish ,when you check the 45 min timeframe the trend is bullish too, when you check the 1 hour timeframe...

BlackCandleTrader Updated 

According to the session volume profile the bears are in control at the POC and the price will drop. Enter at 0.69544 and target 30 pips with a 15 pips stoploss thank me later. FOLLOW LIKE AND COMMENT FOR MORE ACCURATE IDEAS.

BlackCandleTrader Updated 

According to Gann fann and the Session volume profile the AUDUSD Pair has hit the bottom of its bearish trend and is bound to rise for awhile. The session volume profile shows the bulls are in control while there is evidence of a double bottom which indicates a reversal to upper side. My suggestion is to enter at 0.69041 and target 30 pips with a 15 pips stop...

BlackCandleTrader Updated 

If you've checked my previous ideas I have been using moving averages combined with the Session volume profile and so far the results have been accurate. As to the USDJPY pair this alert is a bit late and delayed since I didn't notice it earlier. The price crossed the Point of Control line of the Session volume Profile at 135.103 and pushed up rapidly showing the...

BlackCandleTrader

So my analysis for the EURUSD pair is that it will rise. To begin with the EURUSD pair just crossed the 50 EMA as shown above, what perhaps isn't shown is that it rose until it hit the Point of Control of the Session Volume Profile and consolidated for awhile as the bulls and bears battled for control. The price is moving up past the consolidation zone and my...