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Candlestick Analysis

USD/JPY Technical Analysis – March 6, 2025 Market Structure & Price Action USD/JPY is currently trading at 149.182, showing a weak bullish reaction but still respecting the broader descending trendline resistance. The pair has been following a well-defined bearish channel, making lower highs and lower lows. Key Observations: 📉 Trendline Rejection: The price has tested the descending trendline and faced rejection, indicating sustained bearish pressure. 📊 Double Top Formation: A potential double top near 149.500 further supports a bearish outlook. 🔵 Support Zone at 148.900 - 149.000: This level has acted as strong demand previously. However, repeated retests weaken its reliability. 📌 Break and Retest Setup: If the price breaks below the support, a continuation to 148.000 and possibly 146.500 is likely. Bearish Scenario: A confirmed breakdown below 148.900 could trigger a sharper decline toward the 147.500 - 146.500 range, as highlighted in the projected move. A failure to hold above the descending trendline signals strong selling momentum. Bullish Scenario: If buyers defend 148.900 support, the price could retest 149.500 or even attempt a breakout towards 150.000. However, the overall trend remains bearish, favoring further downside. Conclusion: Bias: Bearish 📉 Key Levels to Watch: ✅ Resistance: 149.500 – 150.000 ✅ Support: 148.900 – 147.500 A break below the support zone could accelerate selling pressure, aligning with the downtrend structure.
Short
by MangoMan4
USDCAD Wave Analysis – 5 March 2025 - USDCAD reversed from the resistance zone - Likely to fall to support level 1.4300 USDCAD recently reversed down from the resistance zone between the resistance level 1.4500 (which has been reversing the price from January) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing – which stopped the earlier impulse wave 3. Given the strength of the resistance level 1.4500, USDCAD can be expected to fall to the next support level 1.4300.
Short
by FxProGlobal
2
This time I still choose to short gold!!!Brothers, gold rebounded to the 2925-2930 area as scheduled, which is in line with our expectations. Therefore, when the gold price touched this area, I immediately followed my idea to short gold. Brothers who have read my previous posts should know that you can basically make good profits when you follow my ideas and trading strategies. I hope you will do the same this time. At present, gold is still in a situation of narrow range fluctuations, and it is difficult for gold prices to break through the 2930-2935 area in the short term. Therefore, in the next trading rhythm, we still maintain the attitude of shorting gold, and pay attention to the support of the 2910-2900 area below in the short term. Brothers, profit is the ultimate goal of trading. Accumulating profits is what changes life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals and earn stable profits, or want to learn in depth about correct trading logic and techniques, you can consider joining the channel at the bottom of this article.
OANDA:XAUUSDShort
by GoldKing_Allen
Short trade in progressBros, today's trading view is very clear. We still continue to short gold, and there is no problem in making 200-300pips of profit in the short term. Gold faces multiple key resistances above 2930. It is difficult to have enough momentum to break through the multiple key resistances above in the short term; and before the NFP market on Friday, both long and short sides are relatively cautious, and it is difficult to form a unilateral trend market. The overall market still fluctuates within the range. So I think shorting gold is still profitable. In terms of short-term trading, I have taken the 2930-2940 area as resistance and shorted gold below 2930. At present, gold has fallen back to below 2920. Our short position has made a good profit. What we need to do now is to wait patiently for gold to continue to fall back, so as to bring us more lucrative profits. Bros, did you follow me to short gold? Wise choices are far greater than hard work. Only by following the right people can we execute the right transactions and accumulate profits that change our lives and destiny. If you want to copy trading signals and make stable profits, or want to learn the correct trading logic and techniques in depth, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
GOLD (XAUUSD) ApproachAt the moment Gold is consolidating between two DAILY levels as you can see on the charts. We have two possibilities. If we can break 2929 level up and retest and get any kind of confirmation to go long the we will do so, at the other scenario, if the price goes down to below DAILY level of 2898 and close below and retest this zone and get sell confirmation we are going to SHORT. All in all, the consolidation between this zone is also inevitable if we close the day or get any strong bearish candle below the 2929 level. So lets's see TRADERS! GOOD LUCK!!
OANDA:XAUUSD
by TetanForex
Gold’s Three Soldiers Pattern Signal: A Strong Rally Ahead?Gold ( OANDA:XAUUSD ) is breaking the Resistance zone($2,930-$2,916) and the Neckline of the Inverse Head-and-Shoulders Pattern . According to the Elliott wave theory, the Zigzag Correction(ABC/5-3-5) is over, and we must wait for the next impulse wave . Also, the Three Soldiers Candlestick Pattern is a good sign to break the Resistance zone($2,930-$2,916) and neckline . I expect Gold to rise to at least $2,953 , if the Resistance zone($2,957-$2,940) is broken, we should wait for Gold to rise to the Potential Reversal Zone(PRZ) . Do you think Gold can make a new All-Time High(ATH)? Note: If Gold goes below $2,887, it should expect more gold Dumps. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
2
Detailed Chart analysis and Long set upTrend Overview: The 15-minute chart shows a recent uptrend after a previous downtrend, with higher highs and higher lows forming. The 1-hour chart also indicates a recovery from a lower price range, suggesting potential continuation of bullish momentum. My personal customized trading indicators Per 15M chart, "Big boss trading" opened trade at 2911 "Boss Trend" showing we are in Bullish trend Current Price action: Bullish Engulfing signals strong buying pressure, leading to the recent price rebound. Rejection Wicks : Suggests price struggling to break above resistance in short term. Breakout Retest Pattern: Price recently broke a resistance level and is testing it as support. Support & Resistance Levels Support: $2,880 - $2,890 (Previously strong demand zone and base for the uptrend) $2,860 (Major swing low in the recent structure) Resistance: $2,920 - $2,930 (Previous supply zone where price struggled to break above) $2,950 (Psychological resistance and next key level) Trade Recommendation Long (Buy) Setup Entry: Now(if aggressive) or Around $2,900 - $2,905 (looking for a retest of support before continuation) Take Profit (TP): TP1: $2,920 (First resistance level) TP2: $2,930 (Stronger resistance) Stop Loss : Below $2,885 (Ensuring risk is managed if support fails) Risk-Reward Ratio : ~1:2 or 1:3 (depending on execution) Concept Behind this Trade: The market structure is forming higher lows, confirming an uptrend. Candlestick patterns indicate buying pressure near support. Together with my personal trading indicators confirming the long set up. *Entering on a retracement to support allows for a lower risk entry with higher reward potential.
PEPPERSTONE:XAUUSDLong
by Eddie_LCM
1
GBPJPY: Time For Pullback 🇬🇧🇯🇵 On the today's live stream, we discussed a selling opportunity on GBPJPY. The market looks bearish after a test of a key horizontal resistance. A formation of a bearish engulfing candle confirms the strength of the sellers. I expect a retracement to 190.15 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
2
BTC/USDT – Potential Reversal After Fakeout?Bitcoin is currently trading at $88,720 (+0.76%), showing signs of exhaustion after a breakout attempt. The price action suggests a fakeout in the reversal area, which could lead to further downside if support fails. Key Observations: Fakeout in the Reversal Area: BTC briefly broke above resistance but failed to sustain momentum, indicating potential weakness. Short-Term Support Zone: If the price holds the recent consolidation area, another attempt at $92,000 could follow. Bearish Scenario: A break below $87,000 could trigger a deeper correction toward $82,000-$80,000. Outlook: Traders should monitor price action near $89,000-$90,000 for a decisive move. If BTC reclaims this level with strong volume, further upside is possible. However, failure to hold current support could accelerate downside momentum.
Short
by MangoMan4
Follow me now and accurately grasp short goldDear traders, I wonder if you didn't follow my last trading strategy to go long on gold today? Many friends gave me feedback that my decision was very wise and I successfully caught the trend of gold. They went long according to my trading ideas and made a lot of profit! I also strictly followed my trading ideas and made a small profit of 50pips. The release of ADP employment data caused a short-term impact on the price of gold. After falling to the lowest level near 2895, gold began to rebound and gold bears began to exert their strength. As mentioned in my previous article, after going long in gold, we need to pay attention to the rebound position of gold and go short gold. Now is the time. At present, the resistance above gold first focuses on the suppression of the 2925-2930 line. When the gold price touches this area, we can short gold. Brothers, profit is the ultimate goal of trading. Accumulating profits is what changes life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals and earn stable profits, or want to learn in depth about correct trading logic and techniques, you can consider joining the channel at the bottom of this article.
OANDA:XAUUSDShort
by GoldKing_Allen
Bitcoin Wave Analysis – 5 March 2025 - Bitcoin reversed from support zone - Likely to rise to resistance level 95000.00 Bitcoin recently reversed up multiple times from the support zone located between the key support level 82550.00 standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from September. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer Doji. Bitcoin can be expected to rise toward the next resistance level 95000.00, which reversed the price sharply earlier this month.
Long
by FxProGlobal
Schlumberger Has Been SlidingSchlumberger has been sliding for more than a year, and some traders may see further downside risk. The first pattern on today’s chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below the line in late January and spent all of February below it. That may be viewed as a bear flag breakdown. Second, SLB made a higher daily high in a failed rally on Monday. But then it crossed below Friday’s low. The resulting bearish engulfing candle may suggest that sellers remain in control. Third, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. Such a configuration is potentially consistent with bearishness over the longer run. Flipping to the short run, traders may also see bearish patterns: The 8-day exponential moving average (EMA) has crossed below the 21-day EMA and MACD has been falling. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:SLB
by TradeStation
Still short gold, TP: 2895-2885Bros. good morning!!!To be honest, I still hold my short position. In the past two days, gold has fallen back to around 2902-2901 many times. Although I made a good profit in the process, I think the fall of gold has not reached my target expectation, so I continue to maintain the short position for the time being and have not closed the position. According to the current stage, gold has formed a current high point near 2956, and the 2930-2940 zone has also become an important current resistance area. Therefore, I believe that the current rebound of gold is not enough to support gold to continue to rebound and break through the key resistance level. In addition, the situation between Russia and Ukraine is developing towards peace expectations, and the factors supporting gold have decreased again. After the fermentation and digestion of the market in recent days, the positive impact of the tariff issue will gradually weaken. On the technical level, gold is likely to replicate the trend between February 25th and 27th, and fall again after building a double top structure in the short term. So in terms of short-term trading, if you don’t have any positions, you can still continue to short gold and look forward to gold falling back to the 2895-2885 zone.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Dollar Index - End of February Analysis- Below the opening price of the 3-month bullish order block, a monthly BISI @ 104.636 – 105.420 presents itself - Failed to see last months high taken out all whilst trading into the 6-month SIBI. Last months lows has been taken although price closed inside the previous. months range - Studying a draw to February's low @ 106.126 as the 1st point of interest - Monthly candle body closure above the midpoint of Februarys high and open will negate this idea.
TVC:DXYShort
by LegendSince