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Candlestick Analysis

LINK - Three White Soldiers Candlestick PatternIn the weekly timeframe, a bullish candlestick pattern has formed on Chainlink. The Three White Soldiers are characterized by three consecutive green candles. The higher the timeframe, the more powerful the pattern. We've recently observed an instance of the TWS pattern in the weekly, which was a precursor to a 136% increase: However, the unfilled wick around $8 remains a concern - but also a potential for buying in / accumulating at a lower price. _________________________ BINANCE:LINKUSDT
by CryptoCheck-
1
Gold’s Correction: Signals to Watch for the Next RallyLast week, I suggested that Gold would experience a pullback at some point. However, this wasn't a prediction of a trend reversal, but rather a temporary correction following its extended upward move. On Friday, Gold did indeed decline, reaching an intraday low in the 2643 zone. Now the key question is: Has the correction ended? In my view, there is still potential for a further dip, with the next leg of the correction possibly pushing Gold down to around 2630, which could present an ideal buying opportunity. In this scenario, Bulls may look for entry points and aim for the recent highs. Additionally, a break above the Asian session high could indicate the correction is over, marking the 2645 zone as the bottom
OANDA:XAUUSDLong
by Mihai_Iacob
7
EURCAD SHORT EURCAD Set-Up Bearish Arguments: Monthly PCH is being respected Monthly Bearish FVG being respected Monthly swing high has been swept Weekly swing high is being respected Daily Bearish FVG is being respected Daily swing high is being respected 4H swing high is being respected Bullish Arguments: Weekly swing low is being disrespected Daily swing low being respected so far 4H Bullish FVG being respected 4H swing high being respected As observed, the bearish probability is around 70%, while bullish odds stand at 30%. For this reason, risk management is crucial. Trade Management: Stop-loss placed at the short-term high. First TP set at SellStop. Once this level is reached, move the SL to break-even (BE) and hold until the final target is reached. Risk-to-Reward (RR): 2.45 Risk: 2%
Short
by Jaytradermb
Weekly Forecast - Dollar Sell-off Looks AttractiveWhile price has been largely corrective on the dollar, price continues to trade lower in that corrective manner so instead of anticipating the deeper correction (which will come sooner or later), We should focus on what price is doing right now and trade accordingly. GBPJPY & USDJPY both had aggressive sell-off's out of key daily areas last week, which makes achieving the daily downside targets highly probable. I'll be monitoring the current correction on both these pairs for continuation lower. EURUSD & AUDUSD are both not on watch due to daily upside targets being achieved and no longer trading within a daily range as per my plan so I'll be risk off on these until the respective 4H structure's shift to the downside and a counter-trend is established towards fresh 1D EPD. Further upside appreciation can be expected on both these pairs in line with the DXY bias.
Long
by The_Modern_Day_Trader
61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook: - OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil. - Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages. - Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market. By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively. Feel free to share your thoughts in the comments below! 2W: 2H:
TVC:USOILLong
by Jasminex1x2