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Candlestick Analysis

EURUSD - When the 2618 Technique Comes Into PlayAfter a wild reaction to end the week, it's time to reevaluate the markets for the week ahead & plan our attack. After violating a previous level of structure to the downside, the EURUSD has ran right back into another level of major structure support & has held. We've already seen a double bottom form at this level so it's a little late to enter based off that classic price pattern. But don't worry I've got an alternative option for you called the "2618 Technique." If you have any questions or comments about the setup (or anything else trading related) please let me know. And I wish you guys the best of luck in this upcoming trading week! Akil
Long
by Akil_Stokes
$BTC to pul pull under Liquidity before turning bullish. *SMC**SMC* Smart Money Concepts I took a a look at this with multiple time frames. And I'll give you my break down. First, Within the current wave, ranging from $61,217 to $62,403 There are equal lows which represent liquidity near $61,685.69. I believe price should brewk those lows to dip into the liquidity pool. (realeasing buy limits and sell stops into the market). It'll probably o a dance below that rea making people think that it is going to fall further. However, the 1 hour +OB Shows signs up bullishness which I don't beleive is should cross the median of the 1 hour +OB which is also the 70.5 fib level. See below On the 4 hour chart you can see when the price starts reaching levels that break highs are when I have take profit levels. It's a 6:1 Risk to Reward so If Smart Mo ney concepts lead me in the right direction this could be a great trading opportunity. Eventually there is a massive 1 and 4 hour fvg gap above where Ibelieve price will ultimately go to close out the trade before it starts to possibly make its way back down in a correction. Looking at the area from 10/1 to 10/4 price has been in consolidation and I don't see a reason for it to get lowe r than the low points in those days. Price doesn't like to stay in the same area for too long and I belive this might be the price action to get it moving in the right direction starting next week. Here's the chart of the Consolidation. I just hope I'm not underestimatin the stop loss. Worst case I lower it to $61,200. And hope it continues to go the way it should. Good Luck AND Happy Trading. If you have any input or auggestions, please feel free to comment yout input. We don't become good traders without each others help. Will keep this idea updated as I keep track of it. COINBASE:BTCUSD INDEX:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSDT BITSTAMP:BTCUSD MEXC:BTCUSDT.P CME:BTC1! KRAKEN:BTCUSD GEMINI:BTCUSD CRYPTOCOM:BTCUSD KUCOIN:BTCUSDT FOREXCOM:BTCUSD OKCOIN:BTCUSD BITGET:BTCUSDT HTX:BTCUSD11V2024
COINBASE:BTCUSDLong
by BodiesXWix
EUR/USD Bearish Outlook 07.10 -> 11.10 Happy Sunday, Traders! On the hourly TF, price created a massive bearish imbalance in the market due to NFP news, I see this as an overreaction by the market. Thus, I expect price to retrace into the news candle, which is a potential long opportunity , if we break structure on lower timeframes. However, on the Orderblock marked, I expect price to retrace back down. If we do push higher, I expect us to take out Sell-side liquidity on the high created by the candle just before news. I will look for shorts at this price range, entering off a low TF FVG. I expect the USD to continue rising in the following month up to November due to the upcoming elections. Thank you and happy trading :)
Short
by bobphamm
GBPUSD Live Week 40 Swing zonesAfter 12 weeks of consistent trades; seems about time to trial live. Yep, Week 40 will be real money trades. Starting with a balance of $200 and SL of 10-15 pips, this should give about 13-20 trades before blowout (hopefully not). Some trades will missed, entries off; yea, most of us have a 9-5ish job and need sleep. Week 40 SZz are set. Price action determines trades Trading is risky, am trading with money i can afford to lose. Follow and journey with me
Short
by PinchPips
Short trade Sun 28th Sept 24 8.00 pm LND to NY Session PM Pair DE30EUR Entry 19464.5 (0.25%) Profit level 18936.1 (2.71%) Stop level 19512.6 RR 10.99 Trade entry reason: High vol RedK & Vol analysis indicators: High Volume RedK (Red Candlestick): The presence of a large red candlestick likely indicates strong selling pressure, which suggests bearish momentum in the market. Volume Analysis indicator: Increased trading volume in conjunction with the red candlestick supports the downward move, making it a solid setup for a sell-side trade. Target Support zone 18912.1 to 18935.5
OANDA:DE30EURShort
by davidjulien369
Silver Poised for Breakout:Why $38 Could Be a Realistic Target?When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times. Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've seen higher lows on the chart, with each broken resistance level being confirmed as new support. Currently, Silver is approaching a key resistance level and appears to be pushing for an upward breakout. Additionally, the price structure over the past few months has formed an inverted head and shoulders pattern, further signaling strong bullish momentum in the medium term. With the Non-Farm Payroll report just a few hours away and considering the strong buying pressure on precious metals, I expect this level to break. Based on the measured target from the pattern, a move toward $38 per ounce is realistic, which could mean a potential profit of 6,000 pips for those willing to hold this trade with patience. In conclusion, I plan to buy Silver with a year-end target, using $31 as the invalidation point, offering a solid risk-reward ratio of 1:6.
OANDA:XAGUSDLong
by Mihai_Iacob
18
Nifty looking weak after closing below Motherline. Nifty has today not respected 2 key supports that are daily Mother line support and Mid-Channel support. After making a high of 25485 Nifty closed at 25014 which is just below Mother line 50 days EMA at 25065. The candle is very weak and Nifty already looking as if in the tight grip of bears and there was massive selling at upper levels. However today's low seems to be a support level. If Nifty has to make a come back it should be during first half of next week. RSI support is at 39.82 and 26 which can be the turnaround zones, right now the RSI on daily charts is at 40.63. Nifty supports remain now at 24966 weak support, 24698, 24384 and finally 23874 Important channel bottom support. If channel bottom is broken (less likely) but by chance if it is broken the only support that will remain at father line which is at 23241. Reaching there will already be a mayhem but below that (again very less likely) the Nifty will shift totally into bear territory. Next week will be very important not only incontext of the remainder of the month but also in context of the last quarter of the year. Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. 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
When to expect a trend or when to expect a range sessionWhat I look for on the open to help define whether I expect a range based open or session...or a trend based trading session. By using an Anchor chart and a trading chart, I am able to define the price action with regards to momentum and price direction. From there, it is then a process of waiting for the setups to develop. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!
by TradeTheStructure
Pre-NFP Analysis - Technicals Align For A Bearish DollarAfter an aggressive appreciation of the dollar, we see the DXY trading within the 1D 1-sided FVG and now within the 1D range EPD. While I'm positioning myself for a sell off, I'd be wear of further appreciation as a result of NFP volatility before the real move takes shape over the course of the month. While I'm observing multiple scenario's on most pairs, my primary biases are as follows: EURUSD - SHORT GBPJPY - SHORT USDJPY - SHORT AUDUSD - SHORT (Wildcard)
Short
by The_Modern_Day_Trader