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Candlestick Analysis

How to Trade News!Heads up, everyone! The Federal Reserve's interest rate decision will be announced in one hour! Currently, gold is consolidating in a narrow range around the 3035 level. At this point, it's not advisable to enter short positions on gold just yet. 📍From a technical perspective, gold has formed an ascending triangle pattern. If it fails to break below the 3027-3025 support zone, the bullish momentum could persist, with an upside target in the 3045-3055 range. Therefore, it's best to hold off on aggressive short positions for now. 📍However, if gold, driven by the upcoming announcement, struggles to break above the 3045-3055 resistance area, 3045 may establish itself as a short-term top. In that scenario, short positions can be considered using the 3040-3050 zone as a resistance level. 🔎Xauusd:@3040-3050 Sell，TP：3030-3020； 📍On the other hand, if gold decisively breaks below the 3025-3020 support level, attention should be focused on the 3010-3000 range. Should gold find support and stabilize within this range, it may present a favorable opportunity to go long once again. 🔎Xauusd:@3010-3000 Buy， TP：3030-3040 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
EURJPY Wave Analysis – 19 March 2025 - EURJPY reversed from resistance zone - Likely to fall to support level 161.00 EURJPY currency pair recently reversed down from the resistance zone between the resistance level 163.80 (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 Shooting Star. Given the overbought daily Stochastic, EURJPY currency pair can be expected to fall to the next support level 161.00.
Short
by FxProGlobal
EURUSD Wave Analysis – 19 March 2025 - EURUSD reversed from resistance level 1.0930 - Likely to fall to support level 1.0830 EURUSD currency pair recently reversed down from the key resistance level 1.0930 (a former monthly high from November, which also stopped the earlier minor impulse wave iii). The downward reversal from resistance level 1.0930 is likely to form the daily Japanese candlesticks reversal pattern Evening Star – a strong sell signal for EURUSD. Given the overbought daily RSI and strongly bullish US dollar sentiment, EURUSD currency pair can be expected to fall to the next support level 1.0830 (low of the previous correction iv).
Short
by FxProGlobal
Make or Break 3 key Resistances Approaching. Nifty saw 3 good days of recovery. Now the real test begins as we are approaching the 3 big daddy resistances. 1) R1 Mother line Resistance (50 days EMA) 22988. 2) R2 Long Term Trend line Resistance 23237. 3) R3 Father Line Resistance 23399. If these 3 are crossed the Nifty has potential to hit 23809 in the medium to short term. If Nifty rally does not have steam it can again fall back to the support levels at 22638, 22334 or even 21974. IT has not contributed to the current rally Infact it has remained laggard. RIL has not contributed. HDFC has remained range bond. If some IT counters or Heavy Weights like RIL or HDFC join the rally we can see Nifty flying otherwise there is a potential for this rally to fizzle out again. Things are in balance right now. Shadow of the candle neutral as I write this. Very important closing weekly closing awaits us on Friday. 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
1
Short gold with 2930-2940 zone as resistanceBros, the situation in the Middle East is turbulent again! Gold took advantage of the trend and continued to rise to around 3028. Stimulated by the news, gold's rise was obviously abnormal and showed a disorderly rise! This kind of price rise is actually very dangerous, so we can't directly chase gold. According to my expectations, the highest price of gold will only reach around 3040, so I think shorting gold with 2930-2940 zone as resistance is the best trading opportunity at the moment. However, in the short term, the correction of gold may be smaller than expected because the market is enthusiastic about going long. So the first thing we should pay attention to below is the 3005-2995 zone. Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
NZDJPY: Bearish Movement Confirmed 🇳🇿🇯🇵 All Yen pairs look bearish after the early morning BoJ interest rate decision and press conference. NZDJPY formed an inverted cup & handle pattern on a 4H after a test of a key daily resistance. High momentum bearish candle indicates a strong bearish sentiment. I think that the price may drop at least to 86.2 level. ❤️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
1
USD/JPY: Bear Wedge and Pin Candle Flash Warning SignsThe ducks may be lining up for a resumption of the USD/JPY downtrend. Firstly, it remains in a defined falling channel. Secondly, Tuesday’s reversal delivered a bearish pin candle, often seen around market tops. Thirdly, the rebound from last week’s lows resembles a bear wedge pattern, warning of a potential downside break and resumption of the bear trend. Momentum indicators aren’t fully on board, with RSI (14) and MACD trending higher, so the case for initiating shorts is not yet a slam dunk. But it should be on the watchlist. A break of the bear wedge would put a retest of 148.65 on the radar, with a move beyond that level opening the door for a possible flush towards 147.10, where buyers were lurking last week. If the price were to keep pushing higher and break channel resistance, the bearish bias would be invalidated. As covered in the attached analysis, when it comes to risks around rates guidance from the Fed and BOJ later today, this scribe sees those for the former skewed towards a slightly more dovish outcome than market pricing, and a more hawkish tone from the BOJ. Good luck! DS
Short
by FOREXcom
Solana Wave Analysis – 18 March 2025 - Solana reversed from the resistance zone - Likely to fall to support level 113.75 Solana cryptocurrency recently reversed down from the resistance zone lying at the intersection of the resistance level 134.65 (former support from the end of February), 20-day moving average and the 38.2% Fibonacci correction of the downward impulse from the start of March. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star. Given the widespread bearish sentiment across the cryptocurrency markets, Solana can be expected to fall to the next support level 113.75 (the former low of wave (2) from the start of March).
BITSTAMP:SOLUSDShort
by FxProGlobal
XRP Next Move !... $4 XRPUSD Ripple Just A Matter Of Time? $€£¥This space seems a bit quite now but if you liked XRPUSD / XRPUSDT at $3 what has changed now? When the hype is around thats the time to be ⚠️ cautious IMO. When there is little attention of the said market thats when 🟢SeekingPips🟢 likes to get to work. ⚠️This time is NO different⚠️ NOT SURE WHERE THE NEXT LOW WILL FORM❓️ ME NEITHER❗️❕️❗️ 🟢 You don't need to know❗️ You just need to HAVE A PLAN ✅️
COINBASE:XRPUSDLong
by seekingpips
Excellent Break Out by Nifty. Will the momentum continue?Today the Nifty had a good leap after a lot of consolidation. The key question is will the momentum continue or FIIs will again take this opportunity to book profit. Today FII is on the net buying side after a long time. If the buying continues or even if FII remains neutral there is a good chance that we can see upside from here. Key resistances for Nifty remain at 22857, 22921 and 22985. Above 22985 Nifty can gain more strength and may try to regain the levels of 23044, 23147 and 23249. 23404 as of now remains a mega resistance which is also the 200 days EMA of 200 days Father line. This zone as of now is little difficult to cross. Closing above 23404 can give might boost to the Bulls and a new Bull run can begin post closing above this point. Supports for Nifty at this juncture remain at 22726 (200 hours EMA or Father line of Hourly chart), 22594 and 22543. A closing below 22543 which is the Mother line support of the hourly chart or the (50 Hours EMA). As there are small signs of reversal on the cards. It is a good time to read my book the Happy Candles Way to Wealth Creation. This is one of the highest rated books on Amazon. This book will teach you Behavioural Finance, Fundamental Analysis and Technical analysis. Every Bull Rally has a top and every Bear run has a bottom. If you can identify them. If you can understand the risk reward ratio. If you can understand the profit booking points, entry points the Mother, Father and the Small Child theory. The magic of Mother and Father lines. There is a lot of money to be made in the stock market. You need to learn, study and form your own strategy. If you want a ready made strategy then this book offers Happy Candles Number Strategy. All these things will help you in creating generational wealth. Do read my book and evolve into a Magnificent Investor and a Wealth creator. The Book is only priced at Rs.349 go ahead grab your copy. 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Skeptic | XAU/USD Ready to Break Out? Key Long & Short Setups!Welcome back, guys! I’m Skeptic . Let’s kick off the week with an analysis of XAU/USD , which seems to be giving us a long trigger right now! Let’s break down the 1-hour time frame. 🔍 Market Overview: The major trend on the daily is still uptrend , so it’s best to trade in the direction of the trend (long) . Last week, as per our analysis, we hit a new ATH and managed to break the resistance at 2954.74 . 📈 Current Situation: After a brief consolidation in the 4-hour time frame, a new uptrend momentum seems to be kicking off, which could lead to another price surge and a potential new uptrend. 🚀 Long Setup: Our riskier long trigger will be activated after breaking 2994.16 , and it looks like the current candle is about to break it. For a safer position, we’ll wait for a breakout above 3002.71 . 📉 Short Setup: A short position below 2968.43 could work, although the uptrend momentum is quite strong, so there’s a higher chance of hitting the stop loss . 💡 This week, we have plenty of setups, so make sure to catch all the analyses and stay prepared. Until the next analysis—stay sharp and trade smart! 💪🔥
FXOPEN:XAUUSD
by SkepticWise
3