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Candlestick Analysis

How to easily place pending orders in GOLD #XAUUSDThis is an easy way to determine where to place a buy or sell order. Place the buy or sell order in the boxed area created by the signal, as in the example. For SL TP, it can be in a 1:1 ratio or placed at the previous strong Support and Resistance. Always pay attention to the LOT placed. Adjust to the capital and do not place too many positions during the transaction. Be disciplined and stay relaxed when trading. God Bless. FOREXCOM:XAUUSD
FOREXCOM:XAUUSD
by preann
ASX futures tease bearish with a potential swing highSanta's rally put in a poor performance this year. ASX futures sold off into Christmas before the 200-day SMA and 8000 handle came before the market eked out a weak comeback into the new year. Yet price action on the daily chart suggests we could be approaching a swing high. It appears we're in a third wave higher from 8000, yet momentum lacks the legs of the initial bounce to suggest an ABC correction could be nearing an end. The 50-day SMA has so far capped today's rally and could leave a bearish pinbar should it close the day around current levels. A multi-week bearish divergence has formed on the RSI (14) and the daily RSI (2) is approaching overbought. The bias is to fade into moves towards the 50-day SMA and target the November low. But if appetite for risk truly sours, we could see prices break beneath the 200-day SMA and 8000 level and head for the lower trendline of the rising channel. MS
ASX24:AP1!Short
by CityIndex
Bitcoin (BTC) can hit all time high 119,620Fibonacci technical analysis : Bitcoin CME:BTC1! has already hit its first target at Fib level -27.2% (108,395) of my Up Fib. Price currently showing shallow consolidation with support at Fib level 23.6 % (91,920). As long as there are no Daily candles closing below Fib level 23.6% (91,920), my Up Fib guides me to look for Bitcoin to eventually hit its second target at Fib level -61.8% (119,620). I would not close any open positions on CME:BTC1! just yet. I have a smaller Up Fib from 92,355 to 100,925. Last Daily candle (January 3) has closed above the Fib level 23.6% (98,905) which indicates a buy signal. Stop loss slightly below the 38.2% retracement Fib level (97,650). Long on Bitcoin (BTC): Short term Target 1 at 103,255, Target 2 at 106,220, Target 3 at 107,660 Long term Target 1 at 108,395 (already hit) and Target 2 at 119,620
CME:BTC1!Long
by rose_excellence
Short term EU buySo, this is my strategy moving into 2025. I'm a break even trader starting my 5th year in the hot seat. I'll be trading a 50k demo right here on tradingview. 1% risk per trade, minimum r:r = 1:1. I'm only entering trades on EU at this stage, however DXY and GU are always on my screen. Timeframes: Weekly, Daily and H4, primarily focused on the daily, hence it is now necessary for me to take part in an end of day analysis. My plan remains the same as Day 1: Get profitable. Blue = EUR/USD Green = DXY Red = GBP/USD The dollar is inverted simply because it looks better based on how I'm analysing. So, the weekly has made a significant close lower across the board and the range of this candle is highlighted in gold. After Monday's trading, the Euro has closed above its recent daily parent candle, signally potential further movement towards the upside. This can be confirmed when looking at the DXY which is harbouring relative equal highs at the weekly gap, a considerable draw on liquidity. At this moment in time I can only wait and see how the market interacts with these htf areas of interest I have labelled. I need to see some kind of event occur at a high, low or 50%. I would imagine there will be further buys throughout the daily sessions, drawing up to the 1.05 zone. I'm open to feedback and chill conversation.
Long
by PointOneFx
2
Here’s an analysis of the APEUSDT 4-hour chartKey Observations: 1. Current Price: • APE is trading at $1.3700 with a slight upward movement of +1.40%. 2. Resistance and Target Levels: • There is a marked resistance zone around $1.5893, which aligns with a potential take-profit (TP) level. This zone represents a 12.91% potential upside from the current price. • Another significant resistance level can be seen at $1.7596 and $2.0245 if the price continues its upward trajectory. 3. Support Levels: • Key support levels are visible at: • $1.3180 (32.80% Fibonacci retracement) • $1.2785 (50% Fibonacci retracement) • $1.2570 and $1.2184 below that, aligning with lower Fibonacci levels. 4. Potential Scenarios: • The price could either continue to climb towards the $1.5893 level or experience a pullback to the support zone around $1.3180 - $1.2785 before resuming its upward movement. • A white upward arrow shows the anticipated price path, suggesting a possible retest of lower levels before continuing the uptrend.
Short
by tradexict
Nasdaq-100 Wave Analysis 6 January 2025 - Nasdaq-100 reversed up from support zone - Likely to rise to resistance level 21855.00 Nasdaq-100 index recently reversed up from the support zone located at the intersection of the support level 20820.00 (low of the previous minor correction 2), support trendline of the daily up channel from September, 61.8% Fibonacci correction of the upward impulse from October and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star, which has the daily Hammer as its middle candle. Given the clear daily uptrend, Nasdaq-100 index can be expected to rise to the next resistance level 21855.00 (which formed the daily Evening Star last month).
NASDAQ:NDXLong
by FxProGlobal
Bitcoin Analysis As you can see in the chart, the possible scenarios for Bitcoin are plotted in a four-hour time frame and Bitcoin is in a range channel and is fluctuating. Given that Bitcoin's trend in the daily time frame is bullish, the probability of breaking the channel ceiling is higher and is considered the base scenario. In this case, Bitcoin's trend in the daily time frame will be bullish, and if there is a pullback, enter with the strategy confirmed, and the level of 106,000 is considered as the first target. However, if it breaks the channel floor, Bitcoin's trend in the daily time frame will be bearish and there is a possibility of falling to the level of 50,000. Otherwise, we expect Bitcoin to continue moving in the channel according to the third scenario, and in this case, we can buy and sell it at the ceiling and floor of the channel.
COINBASE:BTCUSD
by arrash2020
2
Buy gold!Bros, earlier today, we initiated our first trade by going long on gold around the 2628 level, and we have now closed our long position near 2647. While we didn’t capture the absolute peak, we still secured an easy profit of nearly 200 pips. Currently, after touching the 2649 level, gold has slightly pulled back and is now trading around 2642. Despite gold briefly dipping to the 2625 level earlier today, the overall bullish structure remains intact. As I mentioned on Friday, short-term pullbacks in gold are merely corrections of the prior uptrend and serve to build momentum for further upside. Therefore, I continue to maintain a bullish bias in my trading approach. Since gold has resumed its rebound, for the upcoming short-term trades, we can consider using the 2640-2635 zone as a support level and start going long on gold again! Bros, do you believe gold will extend its rebound? If you’re interested in learning more detailed trading strategies and receiving additional trade signals, you can join the channel linked at the bottom of the article. Let’s make trading easier and turn profit-making into an enjoyable journey!
OANDA:XAUUSDLong
by Trader_Marvin
Meta: Tight Range at Old HighsMeta Platforms jumped last month and now some traders may see opportunity in its latest pullback. The first pattern on today’s chart is the $595.94 level. It was the record closing price on October 4 and near the top of the range in subsequent weeks. META rallied above it in early December and retreated to hold the same range in the second half of last month. Has old resistance become new support? The stabilization is also occurring near the 50-day simple moving average. That may reflect a bullish intermediate-term trend. Third, the social-media giant ended Friday above its 21-day exponential moving average. That may reflect a bullish short-term trend. Next, stochastics are turning up from an oversold condition. Finally, shaded boxes mark two interesting weekly patterns. The December 23-27 period saw prices remain within the previous candle. That bullish “inside week” was followed by bullish “outside week” December 30-January 3. That could also suggest that buyers are gaining the upper hand. 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.
NASDAQ:META
by TradeStation