Candlestick Analysis
USDJPY: Pullback Movement Continues 🇺🇸🇯🇵
Following my yesterday's trading idea, USDJPY nicely respected
a key horizontal support bounced from that.
Analyzing a 4H time frame, I see one more bullish confirmation today.
This time, the price formed a double bottom pattern and violated its neckline.
Growth will most likely continue, at least to 152.9
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New Supply Block Active on NAS/NQMassive supply block above the range with buyers trapped above volume profile Point of Control (dashed white line)
The bearish block that got traded through was supposed to give bears a way out as price travelled back into it but they held their positions short meaning none of them really got scared by the rally above that block
We can assume this is an institutional shorting block and they want a better point to long from down below. The weekly stochastic is also sitting above 90 but we have not lost support of the daily 50EMA with daily stochastic around 30 and RSI in a neutral position around 50
There are clear targets in sellside with no bullish imbalance to halt price from dropping until the 19,000 range
Cheers to those who understand these levels 🔑
Nifty Analysis: How much more pain left? Where is the bottom?Nifty Analysis:
1) Today's low 23816 is very important level to watch.
2) Next support at 23502 (Father Line or 200 days EMA).
3) Final Major support near 23201(Trend line meeting point and 50 weeks EMA (Major Mother Line).
4) Closing below 23201 has potential to break the hell loose.
5) Resistance on the upside at 24145, 24320, 24506 and 24781 (50 days EMA-Mother Line).
6) Bulls can take control only after we get a closing above 24781.
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NZDCHF LONG Market structure Bulliish on HTFs DH
Entry at Daily AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Potential Head and shoulder Pattern on the Daily
Previous Daily Structure Point
H4 Candlestick rejection
Potential Head and shoulder Pattern on the 4-hour
Retest of the trendline
Rejection from Previous structure
Levels 6.48
Entry 80%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
BITCOIN Is this my first one I'm not sure Here in this video, we take a look at the monthly, The Weekly, accidentally the 1 hour, and The Daily, any way here is my analysis of the chart. You can go back on your own in your own chart and look at it and see if you see something different if you do let me know. Monthly and Weekly, we see a cup and handle forming. On a Daily a Bearish Rising Wedge. As you can see where this goes is depending on how tomorrow goes, If Kamala wins everyone is selling because they are going to have to pay the taxes that she will raise, If Trump wins everyone is Buying cause of the Taxes that he is going to cut
ADAUSD If you ask meIf you asked me a couple of years ago mainly 2021, I would say I would tell every buy ADA buy ADA!!!...... Now that I am a functioning adult and have gone through the phase of unplugging and learned a few things. According to Historical Chart Patterns I am seeing a Descending Triangle here and as we know Descending Triangles are an indicator for shorting. It may go down but with tomorrow being such a critical day be on the lookout for potential buy situations.
AEROUSD Performance update As you can see its still following the suspected trend line. Let see if it continues in the way we have analyzed. But yea these were all set up from last week and I didn't even bother to look at them over the weekend because I was busy, but I will try to get more as we go.
SUIUSD Just take your time no rush BUT. . .You better hurry. I don't feel like waiting Honestly. So, I did see a bullish flag, but I might be tripping and looking too deep into it. But it is getting to a point where I need to see you perform. But seeing the candle stick pattern I'm thinking might just see a full-on reversal honestly. But we will be vigilant and watch and wait.
US CRUDE OIL (WTI): Another Classic Gap TradeAnother potential short trade opportunity is available on 📉USOIL.
The formation of a head and shoulders pattern on a significant daily/intraday resistance level could serve as a strong signal for a bearish trend.
We anticipate a price increase to at least 70.24.
DOGE UPDATENo major moves it may just be a cool down period, but we will see I have High hopes for this Goodboy Although I do not have a position, I hope people who do have one do well, but I like tis candle stick for sure it's very bullish but hey it's just another candlestick on the daily. But its trending in a good direction which is good we might finally have a new support.
LINKUSD- Scalping-Day trading- NO SWINGI'll be closing it by day’s end. I prefer not to hold any positions with U.S. elections on the horizon. This feels like the calm before another storm.
Setup details:
Risk-Reward Ratio: 3R
Risk Capital: 3%
Take Profit: Partial profits at the first target; once hit, I'll move the stop-loss to breakeven (BE).
USDCHF LongMarket structure on Higher Time Frames 30
Entry at Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Previous Daily Structure point
Around Psychological Level 0.86500
Touching H4 EMA
H4 Candlestick rejection
Rejection from Previous structure
Levels 6.4
Entry 110%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King