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Candlestick analysis

AUDCAD (S) WAITING ON DEVELOPMENTAUDCAD is long overdue for a pullback. The last month price has been moving either sideways or slowly creeping up. Recently price broke resistance of 0.9420 and is trading above that level. Price could very well have printed the "head" of what may turn into a head and shoulders formations. At this moment price is finding support every time it pulls back to the intraday trendline. I'll be keeping an eye out for this pair to break the 4 hr 50 ema, break bellow 0.942, print a lower low and retest current support as resistance. Potentially in the highlighted "box" on my charts. ___________________________________ ** DISCLAIMER* The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting individuals to make independent trading decisions. Trading can be risky, make sure to use proper risk management!! The analysis given out reflects my personal ideas and does not mean I personally take the trade, my preferred entry may never actually present itself. ___________________________________
Short
by jakubprymicz
GBPAUD (L) LIVE TRADEMonthly: Support/ Resistance level of 1.7900 + trendline rejection Weekly: Deceleration and rejection of 1.7900 + trendline rejection, last week closed a nice strong bullish englufing Daily: Lots of deceleration around 1.79, price always failed to closed bellow the level. Now price broke trendline and pullback to potentially reject it. 4hr : Price formed higher high and pulled back to .785 fib to create a higher low with many low test candles rejecting the fib. additionally we have intraday support being rejected 1.793 1hr: Entry after price broke out of triangle and was seeing bullish monmentum. Negatives: Trading into the 1 hr ema and bellow the 4 hr ema. Price could still come back to 1 hr 50 ema for a retest and continue moving up. First Profit Target are recent highs around 1.8200 Second Profit Target daily fib level .382 fib (1.8500 level) ___________________________________ ** DISCLAIMER* The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting individuals to make independent trading decisions. Trading can be risky, make sure to use proper risk management!! The analysis given out reflects my personal ideas and does not mean I personally take the trade, my preferred entry may never actually present itself. ___________________________________
Long
by jakubprymicz
NZDCAD (S) LIVE TRADE Short play from resistance 0.8920 4hr :Head and Shoulder formed, followed by a break and retest of 4 hr 50 ema 1hr: Making lower lows and lower highs Negative: Price is still in a small zone as highlighted on the chart, once we break out of that we could see a strong move to the downside (potential break and retest whats now support as later resistance) Entered after 1 hr rejected 50 ema with strong bearish momentum, waited for hourly candle to close. Stop loss above recent high + .618 fib. Looking to next support/resistance level of 0.879 unless technicals show price is turning to move back up. Will use aggressive stop management. Will update bellow. ___________________________________ ** DISCLAIMER* The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting individuals to make independent trading decisions. Trading can be risky, make sure to use proper risk management!! The analysis given out reflects my personal ideas and does not mean I personally take the trade, my preferred entry may never actually present itself. ___________________________________
Short
by jakubprymicz
1
ANALYSIS ON THE USDCAD H4 TIMEFRAME MARKETAs you have all seen the market is going back and forth through the treandline resistance and the strong support below with the previous candle formed on the last support which is doji candle it is giving a slightly high chance of reaversal but I don't think on the D1 timeframe i would Respesct that support since it broke it once but if it does break it we are looking for a slight short which is 30% but if the next 2 candles that form on the H4 time frame is bullish then we could see a buy .....HAPPY TRADING
Long
by forex_hokage_
GBPCHF Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPCHF. Here as you can see, the market broke below the previous lows of 1.1743 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.1764. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.1856, and my target @ 1.1634. So far, this looks like a typical trend continuation pattern. That being said, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
2
GBPUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPUSD. Here as you can see, the market broke below the previous lows of 1.2335 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.2431. Since my entry got hit, I put my stop loss 10 pips above the most recent high @ 1.2552, and my target @ 1.2265. So far, this looks like a typical trend continuation pattern. That being said, we'll just have to wait and see what happens. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Short
by Matthew_Spositi
WIN/USDT - LONG - POTENTIAL 22%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: WIN /USDT T/F: 1HR LENGTH: MEDIUM ENTRY: 750 TP1: 763 TP2: 780 TP3: 824 TP4: 862 TP5: 915 SL: 721 NOTES: - TP 1 & 2 are key resistances to break to unlock the larger potential - 3 support rejection candles - New trendline breakup - Flipped current resistance/support - Pullback and bounce off support after initial breakout - Uptrend ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Long
by Kryptochristian
AUDUSD (S) - THOUGHTS Current Price action doesn't fit any of the strategies that I trade, but here's what I think. For price action to pull into the highlighted region of the 4 hr highs and fall from there. This bias would go hand in hand with the AUD weakness show across other currency pairs, and the USD strength. HTF: PA has pulled back to where we were in Dec. 2019. Back to 0.700 area, and now we're trading below this area. PA has pulled up to .618 fib and we seem to have found resistance in that area. LTF: are creating higher lows as show in the 4 hr chart, and price is pullback to create potential triple tops. Will be watching to see if price presents any opportunities to trade my strategies, but atm it does not. Comment bellow what you think, wether you agree or disagree. Or how you're reading PA. ___________________________________ ** DISCLAIMER* The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting individuals to make independent trading decisions. Trading can be risky, make sure to use proper risk management!! The analysis given out reflects my personal ideas and does not mean I personally take the trade, my preferred entry may never actually present itself. ___________________________________
Short
by jakubprymicz
1