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Candelstick

STRONG DAILY EVENING STAR IN EUR/USD, real or fake ?As you can see in EURO/USD there is a very strong daily candelstick pattern which you know it as a EVENING STAR! What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. so clearly we have a fight between bulls and bears in euro/usd : Fundamental view: as you know euro has very strong bullish fundamental news rather than US and the factors effecting on USDOLLAR during opening economics after pandemic , not very intresting for SELLERS ! so now what is my idea ? im searching for short-term intraday in euro/usd because its too soon to tell you about changing the trend in euro/usd. I expect to see euro/usd bulls at first hours of next day trying to raise the price somewhere between 1.1820 - 1.1850, then bears come and use good sell situation and price falls 1.1720-1.1700. important demand area for euro/usd bulls : 1.1720-1.1700
Short
by FOXofFX
USDJPYProcess structure: The main trend of this timeframe is completely downward and there is no sign that the trend will return. In the lower time, H1, wait for a correction in the trend to enter the loan sale for both trends. follow next analysis : H1 USDJPY (Give up all the old methods and do not use any indicators, just order with your own discernment and eyes.) Tired of Elliott's interpretation? Are your indicators lying? it's true All lies. Everything is a process in itself. The whole secret of this market is in this chart. Send me a message
Short
by delaramrahimi
Weekly Update to BTC [ENG]Good Afternoon Ladies and Gentleman, I hope you all are having a wonderful Easter, It is Sunday, so it is time to review BTC's weekly candle. During this week Bitcoin experienced a roller coaster ride. In the first days of the week, it reached nearly 7500$ mark. It is an increase of nearly 70% from its previous weeks low. It hit a 50 day moving average, by that signalling to us a first great level of resistance. This allowed us to form a solid green 1 above a red 2 (using TD Sequential indicator). However, at the end of the week, the bears took back control. Pushing the price down to a 6800$ level. This week's candle reminds me of a 'Shooting Star formation'. It is a bearish reversal candlestick pattern which usually appears at the top of a rally. Shooting star is formed when open and close are on the similar level, with a long upper shadow. This identification suggests us that the bears could reject the bulls. Long upper shadow is a representation of the fact that the market found the resistance and bears began to push the price lower, ending the week near the opening price. Following an uptrend, this formation signals us a shift in trend. However, a smart investor should use other indicators to determine further movements. I am going to wait a day and see if prices are continuing to fall and wait to start shorting. At the moment we have to be careful. Recently, I have noticed how BTC correlates with America's indexes. Positive picture there brings optimism to BTC market as well. Tonight, new futures for S&P500 will open, and it will be our first indicator of where the markets could head in the near future. During this week, we will witness a start of earning's season. Companies like, J.P.Morgan, Wells Fargo, J&J, Bank of America, Goldman Sachs and Citi are in the spotlight. Banking sector rallied this week on a news that the Fed are printing money to cover different types of financing, even junk bonds. This may create a confusing picture as to how long this life support will keep the economy upwards. Covering junk bonds may signal about weak fundamentals, however it has short term bullish signals. The Wall Street will see it as opportunity to make more money before the bubble will burst. When this bubble of financing will burst, due to a very high inflation and loss of value of dollar, people will tend to sell of their stock and search for alternatives. It could even be a case for bitcoin to start rallying to the moon, as a new safe heaven asset. However, initially the burst will have a knock on effect on BTC, as many people who had bought bitcoin in the last few weeks may notice that the "BTC express" is running out of steam and liquidate their longs. Thank you for reading, I hope you have a good day and wish everyone to get big profits this week ! Please Note that The Content is for informational purposes only, all content on this post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this post constitutes professional and/or financial advice, nor does any information constitute a comprehensive or complete statement of the matters discussed. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information.
BITFINEX:BTCUSDShort
by RussianExpress
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