Get started

Candlestick analysis

GBPUSD-Weekly Market Analysis-Nov20,Wk1Base on the Fundamental Analysis, I'm still bullish on GBPUSD, although the Technical Analysis doesn't show a prominent setup of such. On the 1hourly chart(link at the bottom), there was a bullish bat pattern setup and the market check-back, just that it did have a break and close below X which can be a concern for traders who are looking for buying opportunity. On the M15 chart, we do have a Deep Gartley Pattern which completes at X. Although for the setup to complete it will most likely break and close below the trendline, the only attraction it has is that it produces a Great Reward is to Risk Ratio.
Long
by RaynLim
ACB- Dead-cat bounceIn range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend. However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down. That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade. Invest in MJ ETF for more conservative approach (Refer to the chart attached below) Proceed at your own risk. Allocate only the small % of your capital and set the tight stop loss. Not the financial advice
A
by Libratus
USDCAD - Head and ShouldersA head and shoulders formation coupled with RSI Divergence give a strong call for me to engage another shorting trade. A long shadow candle would help me to make that tough decision. On top of that, I still have my existing shorting trade on bearish shark and bearish crab harmonic patterns engaged. Shark Pattern and Crab Pattern are the harmonic patterns that potentially drives lots of profit and at this moment it is at a risk-free zone(I'd shifted my stops to entry). Which means every pip the market move towards my target(down) I earn double and if the market move against me i lose single.
Short
by RaynLim