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Candlestick Analysis

Short trade Trade Breakdown – Sell-Side (EUR/USD) 📅 Date: Wednesday, April 9, 2025 ⏰ Time: 10:30 AM (New York Time) – NY Session AM 📉 Pair: EUR/USD 📉 Trade Direction: Short (Sell) Trade Parameters: Entry Price: 1.10429 Take Profit (TP): 1.09064 (-1.24%) Stop Loss (SL): 1.10815 (+0.35%) Risk-Reward Ratio (RR): 3.54 Intraday Sell Setup During NY Session: Reason: Based on bearish market structure, EUR/USD. showing signs of weakness due to the USD strength off a key supply zone and observing the price reach exhaustion.
Short
by davidjulien369
Nifty 50 – End of Day Analysis (9th April 2025)🟠 Nifty 50 – End of Day Analysis (9th April 2025) 📌 Background After the wide-range spinning top on April 8, all eyes were on the RBI MPC event today. While markets typically react to such key announcements, Nifty surprised everyone with its muted response and a rangebound session. 📌 Today’s Price Action 🔹 Nifty opened slightly negative and formed its Initial Balance (IB) early on. 🔹 After the IB, the index remained stuck in a very tight range – a structure we’ve seen repeating over the last few weekly expiries. 🔹 Today’s total range was just 115 points (high to low) – the lowest in the past 14 sessions! 📉 On an MPC event day, such low volatility was quite unexpected. 🔹 With no momentum and no breakout from IB, our system didn’t trigger any trade signal, and we stayed on the sidelines. 📌 Technical Outlook Today’s candle lacks momentum and conviction. Key resistance still holds at 22,668–22,720, and support rests near 22,337. A breakout from this compression zone could decide the next trending leg. 📌 Important Levels to Watch 🔼 Resistance Zones 22,590 22,668 – 22,720 22,805 🔽 Support Zones 22,337 22,270 22,082 (Previous Swing Close) 🧠 Strategy Ahead As of now, no directional bias without a confirmed breakout. ✅ Wait-and-watch until the IB range breaks ✅ Avoid forced entries in low volatility setups ✅ Let price lead—don’t anticipate 📋 Quick Recap ✔️ IB formed, post-IB rangebound ✔️ 115 pt range – lowest in 14 sessions ✔️ MPC event day, but no buzz ✔️ System = silent = No trade ✔️ Sitting tight is also a position 🧘 Final Thought "Markets often give profits to those who master patience." Let the levels guide you — trade with calm and clarity.
NSE:NIFTY
by kzatakia
2
India along with the globe stages a recovery. Indian markets staged a recovery along with it's global peers. Although the market moved 374 points upwards. After making a high of 22697 the market closed at 22535 which is 162 points down. Which means it has formed a Bullish Doji. Now Doji candle irrespective of the colour means uncertainty, until we clear the Doji top further upside will not be possible. The doji top resistance is at 22697 and Doji bottom support is at 22270. Doji works like a cage. The bird will fly either side once the cage is broken. To know more about the kind of candles, Mother, Father lines, behavioural finance, Technical analysis, fundamental analysis read my book: The Happy Candles Way to Wealth creation. Nifty Supports remain at: 22270 (Doji cage support), 21743 current low of Trump Tantrum, 21289, 20790 (Channel Bottom support) and 20320. Nifty Resistances remain at: 22697 (Doji cage resistance), 23061 Mother line resistance, 23376 Father line resistance and 23894 recent market high. 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
Get Rich: Buy Cheap GoldAfter a sharp decline, gold seems to have insufficient bullish momentum compared to before, but this is only in comparison. In fact, after gold hit the low point near 2957, the low and high points of gold are gradually rising. We can see that the bulls are gradually and implicitly picking up cheap chips. So now we can't blindly short gold. According to the current gold structure, gold may continue to rebound above 3030, or even around 3050. These two positions will be the target areas for long traders and will also be the entry prices suitable for short traders. So for short-term trading, I will adjust my trading strategy and plan in time. If gold falls back to the 3000-2990 area, I may first tend to go long on gold! It must be noted that the current gold price fluctuates frequently and violently, so you must be particularly patient first. Because once there is no good entry price, it is difficult to set the psychological SL, and setting a relatively small SL is easy to be hit in market fluctuations! The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
OANDA:XAUUSDLong
by Trader_Marvin
USD/JPY: Long Setup as Regulators Move to Calm MarketsWe're seeing financial regulators schedule emergency meetings to calm markets just as USD/JPY approaches levels where it has repeatedly bounced over the past week, presenting a potential long setup for those willing to go against the prevailing grain. Longs could be established ahead of 144.50 with a tight stop just below for protection, targeting a return to Tuesday’s low of 146.00 or minor resistance at 148.15. Momentum indicators remain firmly bearish, favouring a downside bias. But in headline-driven markets like this, the signal may not carry its usual weight. Good luck! DS
Long
by FOREXcom
Go long gold, target: 3030-3040Gold tested the support of 2985-2975 again during the correction process, but did not fall below this area during the test. Combined with the structural lows of gold yesterday, they were 2970 and 2956. Today, gold did not fall below 2970, so it is very likely that gold will form a head and shoulders bottom pattern at the technical level, which will help gold to continue its rebound momentum with this strong technical support! So I think the short-term decline of gold is not a risk for us, but the best gift for us. So I advocate going long on gold from now on. After gold repeatedly tests the support, it will rise to the 3030-3040 area without hesitation. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
OANDA:XAUUSDLong
by Trader_Marvin