Yesterday bearish candle couldn't broke it's previous day candle, Let's see today candle can broke it or not?
It formed two bullish candlestick pattern and also price rejected from support zone.
PA made a nice signal on a key zone and we don't need anything more!
Those two patterns formed in favor of long term up trend so they are clear trend continuation signals, Yesterday candle broke the double top neck line and also it's an outside bar / candle pattern, The highlighted zone on top is next resistance zone.
Price had small pull back and then it formed a bearish rejection candle, The PA signal formed on a zone and above 38.2% fibo but the zone not looks too strong, Anyway based on the current market bearish momentum still this trade can be an high probability trade.
As you are seeing this pair looks quite bearish and after a pull back it formed a nice Doji candle so for me it shows the end of pull back as it formed on a key zone.
Price retraced back and made a nice pull back then is formed yesterday a Doji candle so I thing it's a sign for ending of this retracement and starting of another trend wave.
Looks like the NGAS down trend is finished and now we are seeing an up trend.
It came to previous top so I don't like to buy it from here because it may pull back and then broke the zone then it will be a good buy trade but as you are seeing if we don't care about the previous top it's a nice trend trade so What I do here is: I'm going to open a buy order at 17735 and I will move my SL to break even as soon as it reached previous high and...
Price is on key zone and it formed a bearish rejection candle, I think EUR is on overbought situation so we can expect some small pull back on it.
AUDUSD still has some more space to go up without any serious zone so we had a pull back and now a bullish inside bar.
As you are seeing it formed a nice double top pattern then confirmed it with a big bearish candle so selling from here give us an high reward trade and we will catch the whole new trend.
Price came back to the zone that it was started that well known up trend, This zone rejected price several time and worked both as resistance and support zone so it was the first evidence for our reversal setup second the price action also support our setup by forming that nice bullish rejection candle. I'm looking to close most part of my position after it...
My previous trade on Oil turned out to be a lose and now I'm looking back to ride the down trend so weekly chart shows very good clues that Oil drop will continue further we have everything came together here from key S/R zone to fibo so let's see how this one works.
It's near the latest high before starting of the losses so I think it's the last leg up before facing a serious pull back and then making a new high.
I was watching for this pattern for few days and finally it finished and now it's ready to trade, It's a bearish flag pattern and we had a weak breakout then a pull back and now a great confirmation candle so let's see what will be the outcome of this pattern.
You are seeing how strong is the momentum of Oil up trend? The up trend looks very sharp and very fast, Now it formed a nice rejection candle toward the trend after touching a key zone.
Price is rejecting from top of the triangle and yesterday candle showed the strength of bears so selling from here give you two option in case of of success: 1. Exit when it reached bottom of the triangle. 2. Move SL to break even or close part of the position in hope of breakout. Both are good options but let's see it's going to work or not.