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Candlestick Analysis

EurUsd could correct higher (1.0670 target)The drop in EUR/USD has been remarkable, with the pair even breaking below the critical 1.0500 technical and psychological level. On Friday, it even spiked to a low of 1.0330. However, following this sharp decline, the pair opened on Monday with a gap up, which has since been filled, potentially signaling the beginning of a correction. Confirmation of a new bullish leg requires a break back above 1.0515. A daily close above this level could pave the way for a rise toward the 1.0670 resistance zone. As long as Friday's low remains intact, the outlook remains bullish. Dips near the 1.0400 level could present attractive buying opportunities, offering a favorable risk-to-reward ratio.
Long
by Mihai_Iacob
11
AAVE/USD short term buy signalCOINBASE:AAVEUSD has been building a nice long term bullish setup but the short term price action has been neutral for quite a while. Until today where we now have a short term buy signal with a pinbar continuation setup on the 1D candle chart. The invalidation area is around $164. If this starts running we could find ourselves at the 1st long term price target (400ish range) sooner rather than later, but since this is a short term setup it's best to manage risk and profits on a short term time scale. That can mean a tighter trailer stop or more conservative price target ($250-280), whatever suits you.
BINANCE:AAVEUSDLong
by krugman87
GBPUSD: Today's Trade PlanGBPUSD is currently testing a key support level on the short-term chart. For a potential short trade, watch for the formation of an ascending triangle on the 4-hour timeframe. A confirmation signal would be a breakout above the horizontal neckline, with a 4-hour candle closing above 1.2616. In this case, you could either enter an aggressive short position immediately or wait for a retest before shorting, targeting 1.2700. Alternatively, if the price breaks below the horizontal support, it would signal a continuation of the bearish trend.
Long
by NovaFX23
EURUSD Wave Analysis 27 November 2024 - EURUSD reversed from support area - Likely to rise to resistance level 1.0620 EURUSD currency pair recently reversed up from support area located at the intersection of the long-term support level 1.0455 (previous yearly low from 2023) and the lower weekly Bollinger Band. The upward reversal from the support level 1.0455 will form the weekly Bullish Engulfing if the pair closes this week near the current levels. Given the oversold weekly Stochastic and the strength of the support level 1.0455, EURUSD currency pair can be expected to rise to the next resistance level 1.0620 (former support from May).
Long
by FxProGlobal
GBPUSD: Your Trading Plan For Today GBPUSD is currently testing an important level of support on a short-term chart. To consider shorting the pair, look for an ascending triangle pattern on a 4-hour timeframe. A confirmation signal would be a breakout above the horizontal neckline, specifically a 4-hour candle closing above 1.2616. If this occurs, consider aggressively shorting the market or waiting for a retest before entering a short position with a target of 1.2700. On the other hand, a bearish violation of the horizontal support level would indicate a strong continuation of the bearish trend.
by linofx1
SNEK: Adapted tools for Regime filtering & SystematisationYou should never rely solely on one tool when trading, think of trading as putting together a jigsaw. You are looking to form a picture. The more tools at your disposal allow you to form this jigsaw and make better, more informed decisions. Understand these concepts: - Orderflow - Momentum - Trend-following - Volatility - Time - Price Here's the #SNEK SNEK/USDT chart leveraging a few of my tools: - Momentum (Adapted RSI w/ Multi-Crypto Regime Detection) - Trend-following (SMA RF) - Volatility, Time, Momentum, & Trend are packaged in a third strategy with the long/short signals... Systematising our trading. Believe in something.
CRYPTO:SNEKUSD
by igreycrypto
Father Line not allowing Nifty but gap up support holding.Father line of 200 Hours EMA at 24212 has not yet allowed Nifty to fly freely up and above. today again like yesterday we got a closing below at 24194. Overall it was a flat day with positive movements mainly in IT, FMCG, media and Small Cap index. Once we get a closing above 24212 the next resistance will be at 24360, 24530, 24673 and 24893. After closing above 24893 Nifty has a chance to be in proper Bullish grip. Supports for Nifty on the lower side remain at 24135, 23948 and 23912 (Major Mother line Support of 50 Hours EMA). Below 23912 bears can drag Nifty to 23616, 23362 and finally 23250. Below 23250 Nifty can have a free fall into strong bearish territory. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
[BTC/USD: Long-Term Outlook]Current Situation: Bitcoin's current price is approximately 94,862 USD, with a 3.21% drop. On the weekly time frame, there is a strong upward trend where the price has climbed from lower levels to a new high above 90,000 USD. The last correction stalled in the 65,000–70,000 USD zone (highlighted in red on the chart), confirming this as a strong support area. Key Technical Confirmations: Support Zone (Buy Zone): The price rallied from the 65,000–70,000 USD area. This zone is significant as it was a prior accumulation area that led to the breakout to higher levels. Liquidity within the support zone ("$$$") has already been filled, signaling strong buyer interest. Bullish Structure (Higher Highs & Higher Lows): The chart shows a clear formation of higher highs and higher lows, confirming the long-term bullish trend. Imbalance and Strong Volume: A large green candle with significant momentum suggests a strong bullish move. The volume during this rally was the highest in the past year, further reinforcing the trend. Psychological Level – 100,000 USD: The 100,000 USD level is an important psychological barrier, likely acting as a magnet for buyers and sellers. This remains a reachable long-term target. Scenarios: Bullish Scenario: If the price stays above the 65,000–70,000 USD support zone, further upward movement is expected. The first target is 100,000 USD (psychological level), with potential to break higher toward 110,000 USD or beyond if volume increases. Bearish Scenario: If the price falls below 65,000 USD and breaks the structure, a deeper correction toward 50,000 USD (liquidity zone marked "$$$") may occur. My Long-Term Projection: Given the current technical picture and strong bullish trend, my bias is bullish. I expect BTC/USD to reach 100,000 USD in the coming months and potentially test the 110,000 USD zone or higher, assuming the bullish structure remains intact. Trade Plan: Entry (Buy): On a retest of the 70,000–75,000 USD zone, if the price revisits this support. Stop Loss: Below 65,000 USD (under the previous support zone). Targets (Take Profit): TP1: 100,000 USD TP2: 110,000 USD Disclaimer: This is solely a personal analysis and does not constitute financial advice. Please use your own analysis and manage your risk appropriately.
BITSTAMP:BTCUSD
by Safaric
1
GOLD: be careful to buy nowGood morning to all trader and investor friends, after the last post I wrote about 2 weeks ago, for those who missed it this is the link: etoro.tw , where I reported that I expected a correction in prices, which could have go down to the 2480 area, not even doing it on purpose, from that moment the price started to fall until reaching 2530 confirming my idea of ​​a correction. Now I bring this update to show you what I see on the graph from the image attached below. I'll start by saying that I don't want to cause alarmism and I don't want to assume that everything is about to collapse, as the market still has a strongly bullish trend, but in the short term, negative configurations are forming that could lead the price to continue its trend. for a few more days. Starting from the weekly, a first negative swing has formed which has not occurred since February, this leads the short-term structure to be considered negative. On the daily chart (the one in the attachment) we can see based on my LuBot indicator which shows light green candles, this means that the structure is still positive, but in the short term it is losing strength and this leads the structure to find itself in this moment at the second bearish leg. In addition we have the supertrend which becomes negative and the momentum which is negative already from November 4th, therefore from the beginning of this tracking. Finally we see yesterday's candle which had a strong explosion of volatility closing below a key level. Summing up all these dynamics, I don't feel like joining Long at the moment. I could expect a continuation of the correction that brings the price to the 2480/2400 area as indicated in the previous post. In any case, I would wait to see the price show bullish confirmations before making further bullish entries. 👍 Leave a like if you want to see other similar posts 🙋‍♂️ Follow me so you don't miss my future analyzes 🔑 If you want to get access to my LuBot indicator you find the link below, you can also get access for free without paying anything ⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions. TAGS: CAPITALCOM:GOLD OANDA:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD FXOPEN:XAUUSD PEPPERSTONE:XAUUSD ICMARKETS:XAUUSD AMEX:GLD
TVC:GOLD
by LuTrader_LB
Bitcoin- Very risky sell, or wait to buy at 85kLast week, Bitcoin came tantalizingly close to the significant milestone of $100,000 but fell just shy of breaching it. After this near miss, the cryptocurrency experienced a minor correction. Yesterday, Bitcoin tested the $100,000 level once again, only to retreat once more, indicating a persistent struggle to decisively break through this psychological barrier. Like many traders, I am anticipating a more substantial correction in the near term. One potential strategy could involve selling around the $97,000 level, assuming Bitcoin retraces upward before a deeper pullback. However, this is undeniably a high-risk trade for two reasons. First, selling at this level goes against the prevailing bullish trend. Second, with so many market participants eyeing a correction, there’s a risk that the anticipated move might not play out as expected. A safer and potentially more rewarding approach could be to wait for a more pronounced correction, targeting a buy around the $85,000 level. This strategy would align with expectations of a continuation of the broader upward trend, with Bitcoin eventually breaking past $100,000. If the correction materializes, this level might offer a solid entry point to capitalize on the next leg of the rally.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
1