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Candlestick Analysis

long eurusdMarket structure WEEKLY: bearish, bur right now, in my view, has to go higher in order to complete a retracement. DAILY: bearish and is in the premium (that's a bad thing). 4h: bullish, just made a short retracement and now a bullish CHoCH. 1h: has been bearish but just made a bullish BOS. So, 3 timeframes long, one short. Long confluences - rejection after touching the mid point of the body of previous week candle; -daily don't close below, neither inside the previous daily ob, but always above; -CHoCH on 4h; -BOS on 1h; (news driven) -after the up move was a clear liquidity run. Entry After 1 h BOS, the second bearish hourly candle is rejected from the inversed 1h OB (this shows weakness and also narrows the 1h imbalance). Also a 4h OB in this area I could have enter right when the inversed 1h ob was touched, but would have been a worse rr. And without making the story any longer, I have entered at 75% of 4h ob. Sl a bit below the low of the candle with 1h imbalance. There could have been 4 levels for my sl: 1 - low of the 1h imbalance; 2 - low of the candle with imbalance; 3 - the low of the 4h candle that has made the CHoCH on 4h; 4 - the absolute low (50% of previous Week's candle's body) For tp i use first 1h high
Long
by stoianovionut22
ETH is beyond bullish In the morning I saw the red candles and thought ok we broke out of the wedge, that means a longer term consollidation before the bullish breakout. But now the daily candle almost close and you see the buyers pushed the price back into the wedge pattern. So from a technical standpoint the wedge is still intact and that is super super bullish. The reason why that is a super bullish sign is that today the bears had a chance to break the wedge structure but there was not enough selling pressure to do that. A wedge pattern falling down like this almost always breakout to the upside. The wedge pattern is the right shoulder of a bigger inverse head and shoulders pattern, if you zoom out you can see it on the daily. So price is respecting the chart very good sign. Off course tomorrow they can try to drop the price again lower out of the wedge but I doubt it because you see the price is already bought up again. So fundamentally the only thing that we need is wednesday a positive FOMC meeting. And we go moon. I cannot see anything that is holding us back now.
CRYPTO:ETHUSDLong
by FX-Diaries
1
Gold (XAUUSD) - What Will Stop The Gold Bull Run?It seems like everyone is piling on the gold gravy train as it looks to make new highs in the coming weeks. With a high level of volatility entering the marketplace over the next two weeks, expect sharp market swings on the intraday timeframes and don't get caught up! Rate announcements on Wednesday, next week will be the determining factor on whether many will fly to safety or risk buying gold at the current pricing.
OANDA:XAUUSDLong
by LegendSince
EUR/USD - Tickling Old HighsParity in the euro can't come without a MAJOR event happening. In the meantime, it would be in the market makers best interests to prop up the euro short term, giving the illusion that due to euro being 'stronger' than it was a few months ago, it's the best time to invest in Europe bla bla bla... Once many of the huge funds, whale traders etc placed their stops below major sellside liquidity pools, that's when the rug gets pulled Pulled all the way down to parity! The question is, what news event will it take for this scenario to pan out?
Long
by LegendSince