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Candlestick analysis

EURUSD-Weekly Market Analysis-Jan21,Wk1Last week I've shared with you the sideway consolidation expansion and the details that you need to look out to engage the trade. Trade1 would give your 39pips of profit which is 390USD/lot traded. Trade2 would give you 49pips with just the 1st target which translate to 490USD/lot traded. The entire move to the maximum potential from trade2 gives you 112pips of profit alone, and that's 1,120USD/lot traded. Without trade and sizing management, that would give you a 200pips run in total, which is 2,000USD/lot, that I believe a lot of us would like to have that addition. What had passed has passed, there's no point in looking back, what's important is to leverage on our past experience and lookout for the next potential trade. The consolidation zone(marked black box) is the zone that most traders are looking for a counter-trend trade(buying from a falling situation). However, I'm not that certain it will happen, my personal take is it will break and close below the consolidation zone and have a really strong bullish engulfing candle that closes above the consolidation zone. At this moment, what's more important is to wait for candle confirmation before we can plan for our next move after Brexit.
Long
by RaynLim
Breaking Through Resistance Intel recently broke through resistance, personally I am not a long term bear for Intel as Apple is no longer using them as their supplier. Aside from the fundamentals I see a short term candle trend based off the candle I have pointed out with green arrows. The candle pointed out indicates how high Intel can reach and I don't think that will be its highest point. This analysis is only based off of candlestick trends, however I do think with the high RSI and weakening bearish divergence we can expect the price to drop to a low around $48 a share before rising up to $51 a share as predicted. What matters is timing, and I believe Intel will drop slightly to retest support before testing a new level of resistance. Depending on price movement I may place calls Stay tuned for trade activity
NASDAQ:INTCLong
by Myantman101
3
NIO: The start of a new bullish movement?Hello traders and investors! Let’s see how NIO is doing today! Ok, NIO defeated the black line at $ 45.46 we discussed yesterday, and now it seems it is reversing the short-term bearish trend . The 21 ema is pointing up again, and the volume is increasing a little. According to the Principle of Polarity in Technical Analysis, the black line will work as a support from now on, and this is very good news to the bulls. Let’s see what the daily chart tells us: We have another Piercing Line candlestick pattern, and the volume is starting to increase again. Today, this pattern was triggered, and this can make NIO defeat the pink line at $ 48.65 for good and lead the stock to new levels. And if this analysis helped you, remember to support it , and follow me to keep in touch with my daily updates. Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
4
TSLA: Some scenarios to work with.Hello traders and investors! Let’s see how Tesla is doing today! First, it is trading near a support level, the 21 ema, which is holding the price quite well. If TSLA loses the 21 ema then it would seek lower support levels, like the red line at $ 521, or the black line at $ 641, but since the trend is bullish, we can’t count too much on that scenario. The odds are Tesla will defeat the resistance level at $ 668, and this could make it hit the $ 684 again. Right now, in the hourly chart, we have a strong candlestick pattern called Bullish Engulfing, and this increases the chances of an upside movement. In the daily chart, it seems Tesla is doing a sideways movement , and it wants to hit the 21 ema again. The volume is very low, which was expected, since we are between Holidays, but this also tells me that Tesla is not in danger. There are no pullback or reversal signs around, and in the worst-case scenario Tesla would hit the 21 ema again. Let’s keep monitoring Tesla closely, and if you liked this analysis, please, support it ! And I invite you to follow me to keep in touch with my daily updates. Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
NIO: We all should be aware of this Pivot Point!Hello traders and investors! Let’s study NIO today! As we discussed in my last analysis (link below, if you missed it), the g reen line at $ 43.83 is an important support level , and it is still holding the price. This makes this support quite strong, and as far as I know, the Risk/Reward ratio is usually very good near support levels. We have a new pivot point now, the black line at $ 45.46, and if NIO trades above it, we’ll see something new. It would cancel this Dark Cloud Cover pattern under the 21 ema, and it would defeat the resistance at the 21 ema as well. And the daily chart reinforces this idea: If NIO triggers this pivot point, it will at the same time trade above today’s high, and above the 21 ema in the daily chart as well. Today’s candlestick could be a Harami pattern. So, we have multiple positive signs, and all of them could be triggered if NIO triggers the pivot mentioned in this analysis. This could make NIO defeat the pink line at $ 48.65 and seek the All Time High again . And if this analysis helped you, please, support it ! And follow me to keep in touch with my daily analyses! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
8
EURUSD Sideway consolidationTrade Review on EURUSD Sideway Consolidation. A real trader shows you his analysis and what he sees on the market movement before it happens. Insta-Trader shows you how much he earns but never have shown losses, even the earning is true, it doesn't help you to benefit from it. This trade idea was shared to you on Xmas, if you have been following us, there's no way you can miss this. For Aggressive trader, you would have caught the 1st Target once the market has broken and close above the trendline, that would give you a minimum of 39pips(blue arrow) of profit, which translate to 390USD/lot traded. If you are a conservative trader, a retest of trendline would have prompt you to engage the trade and that should give you 49pips(green arrow) of profit, which translate to 490USD/lot traded. Every second that you choose to wait and procrastinate, are opportunity lost that you would never get back
Long
by RaynLim
NZDUSD - Bearish GartleyWell, if my previous(link at the bottom) post doesn't convince you that nowadays in the market correlated relationship no longer works the way it was, well, have a look at this. We have a Bearish Gartley Pattern on NZDUSD but we have a Bearish Butterfly Pattern on AUDUSD, how does that work for you? The market has been volatile but it's not exactly crazy that cause the movement to be irregular. You might learn of market correlation from your mentor, but it's important to keep the information up to date. I'm waiting for a shorting opportunity on this trading setup for a counter-trend trade.
Short
by RaynLim
GBPJPY - Bearish ButterflyI know a lot of traders has these rules of not getting overexposed in a single currency, I am not against those thoughts, but you have to ask yourself if you are trading a fixed pair or you are free to choose what you feel like trading. If you are trading a fixed pair, just like me, my take on this is, if the trade setup within your rules and not against the fundamental analysis then you have to take it. You see in this trading setup we have a Bearish Butterfly that broke the previous high, previous structure or you may even call it a break and close above the previous structure, while GBPUSD(link at the bottom) has a Deep Gartley Pattern setup within the consolidation zone without break previous structure. I'm waiting for candle confirmation to engage this counter-trend trade.
Short
by RaynLim
USDJPY-Weekly Market Analysis-Dec20,Wk5An ABCD Pattern is not usually the setup I'm looked at, but when it is spotted, there's a good reason to look for a trading opportunity, once the candle has show confirmation of its trend. At this moment, we have an inverted ascending triangle and it is perfect for counter-trend and breakout traders to look at this trade. If the trendline is not broken, I'll wait for a buying opportunity and if it breaks and closes above the resistance line, I will wait for a retracement to engage the trade.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Dec20,Wk5On 16Dec, we have identified the ABCD pattern during our live session and right now, we have a Bearish Deep Gartley pattern that forms up within the consolidation zone of the ABCD pattern. No doubt, this is a counter-trend setup, it is a stronger setup then the week before as there is more indicator line up to support the pullback trade. The aggressive trader can wait for the pullback of 1.3580 to short the market, the conservative trader can wait to engage the market at 1.3608. For me, it depends on the candle formation at that level.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Dec20,Wk5On the 4-hourly and daily chart, EURUSD displays a bullish trend, but on the 1-hourly chart, it has a sideways consolidation. Having my trading bias towards the upside, I would prefer that the market break and close above, and I can resume my bullish trade, but the truth about trading is that the market doesn't care what's your preference and it moves the way it wants. So, I'm going to observe on candle close and plan my trade on this. In both scenario, once the market break and close beyond the trendline, that's my target profit level which allows me to place my stop at entry attaining a risk-free trade.
by RaynLim
USDCAD - Bearish CrabAs I'm going through my chart, I've spotted a unique long shadow candle on the 1hourly chart(left), not only the candle was long, it just touches the resistance level, you may plot your own chart to see the full story. A pretty cool setup that the software and I both spotted on the 1-hourly chart(right), the harmonic patterns - bearish crab pattern with the bearish engulfing candle(in this case I don't see any major changes on the 1hourly chart in the next 6mins).
Short
by RaynLim