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Candlestickpattern

🐻 Bearish Setup Alert:Harmonic Pattern Signals Sell OpportunityThe bearish setup on EURUSD is looking promising as price action reveals a potential trend reversal. A harmonic pattern, specifically the completion of the leg CD of a bearish bat pattern, indicates a high probability of a downward move. Moreover, a bearish engulfing candlestick pattern formed recently, reflecting increased selling pressure. Adding to the bearish case, the imminent crossover of moving averages suggests further downside potential. With these technical factors aligning, it's an opportune time to consider shorting EURUSD. For potential profit targets, we can set our sights on 1.08500 as the initial take profit level. Further downside targets include 1.07800 and 1.06900. It's important to monitor price action closely and adjust take profit levels accordingly. Stay tuned for updates as we track this bearish setup. Happy trading! 📉💰 don't forget to press the like button if you think this insight was helpful 🚀
by Thomas_Zito
1
BluetonaFX - SILVER Support Break OpportunityHi Traders! We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle formation, which is a bearish candlestick pattern. We are looking for a break and a close below 22.117; if we get this, then we have a first target at 21.500 and a second target at 20.787. If we do get a break and close below 22.117, then there are buying opportunities just above this level to target the long-term 26.129 resistance. Please remember to like, follow, and comment to support us. Your support is appreciated. BluetonaFX
TVC:SILVER
by BluetonaFX
2
BASIC INDICATOR GUIDE & MARKET PHASESBasic Indicator Guide for Trading. Like & share it with others!! ✅Moving Averages: Moving averages calculate the average price over a specific period to smooth out price fluctuations and identify trends. ✅Parabolic SAR: The Parabolic SAR places dots above or below the price to indicate potential trend reversals, helping traders identify when to enter or exit positions. ✅RSI Indicator: The Relative Strength Index (RSI) measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions. ✅MACD Indicator: The Moving Average Convergence Divergence (MACD) consists of two lines and a histogram. It helps identify trend changes and momentum shifts by analyzing the relationship between two moving averages. ✅ATR: The Average True Range (ATR) measures market volatility by calculating the average range between high and low prices. It helps determine stop-loss levels and position sizing based on current volatility. ✅Bollinger Bands: Bollinger Bands consist of a middle band (usually a moving average) and two outer bands representing price standard deviation. They indicate volatility, with wider bands suggesting higher volatility and narrower bands indicating lower volatility. They also help identify potential price reversals. Which is your favourite indicator? Comment below👇🏻
NSE:NIFTY
by Jagadheesh_JP
EURGBP LONG breakout and retest 29 JUN 66 (education) In the weekly chart, the price show 2 consecutive large green indicate price reversal. The price of EUR/GBP pair broke out of the range in 45Min TF and throwback at the resistance become support level. The EMA crossover shows the bullish momentum for entry. The candlestick that confirm bullish rejection at the resistance become support level is "Doji" Therefore, i decide to entry at the current price and stop loss slightly below EMA "34" . The profit target is 2.00 RR. # i decide to use EMA as dynamic support level after price start trending market.
Long
by kennkennntl
1
usdjpy reversal signal at retest highAfter a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major resistance level which is why I decided to take advantage of the retest during the best time of the day. Although the dollar yen is still overall bullish, there are sellers coming in to keep price from pushing higher. I've shorted the highs, no lower low yet except for intraday 5min. which is my entry point. Stop loss just above the high.
Short
by DesharedPierreJr.
USDJPY high around 143.800The dollar has been in a weak uptrend for the past few hours so I decided to take advantage of some indecision at a high. Price presented a shooting star on the 30minute chart as well as a strong bearish engulfing on the 5min at the exact area needed for a short. This area is exactly where price closed at then was immediately rejected on last Friday (6/23). This retest could be early considering NY session is hours away. Also the lower timeframes haven't began creating lower low yet.
Short
by DesharedPierreJr.
I might want to own DisneyI might want to own Disney as my first stock. Now this is why! Are you aware that Netflix stopped allowing users of different IPs to log in and watch the show, even when you had a premium subscription? That means, even if you are from the same household, but one of you has an extended overseas trip, he could be booted out after he has "used up" the overseas button. In some countries, the subscription fee of Disney is 3 times cheaper than Netflix. I'm unsure if that's what Disney offers for the first-time sign-up client, but it is worth noticing. Disney owns some of the biggest brands, such as Marvel, Starwars, 20th Fox Century Studio, and more. Although I'm not optimistic about some of the new Marvel series, there is so much more potential with Disney. So when the Bullish Shark Pattern has confirmed at $87.90, it is great news for me to own my first stock and it might be Disney. What's your take on this?
NYSE:DISLong
by RaynLim
2
🚀USDCAD double bottom: bulls ready to charge📈Brace yourself for a game-changing setup on the USDCAD forex pair! 🌟 The charts are showing a compelling buy signal in the 4-hour timeframe, with price bouncing off a solid support level at 1.31400. But that's not all! The candlestick pattern has revealed a powerful bullish engulfing formation, signaling a potential trend reversal in the making. Get ready to set your sights on multiple take profit levels: first target at 1.31950, representing the 0.618 Fibonacci retracement. Then, the neckline at 1.32200 beckons as our second milestone, followed by the third take profit around 1.32500, and ultimately, the grand target at 1.32800! Adding fuel to the fire, the MACD indicator is on the verge of forming a bullish crossover, adding further confirmation to this exciting setup. Don't miss out on this potentially explosive trade opportunity! 🚀 Respect money management don't forget to press the like button if you think this insight was helpful🚀
Long
by Thomas_Zito
1
Identify Trend, FastThis is how I've identified the GBPUSD is going higher than most traders. If you look at the weekly chart, you would have spotted that the candle broke and close above the previous high; that gives me a sign even before it broke the current structure, and I've been saying that for over a month now. I'm focused on getting the buying on the buying opportunity. There are 2 buying opportunities I'm focusing on. A retest on the trendline on the daily chart is needed would be the magic candle confirmation. A Bullish Gartley Pattern trading setup that confirms at 1.2673. What are your thoughts on the GBPUSD?
Long
by RaynLim
This is why Most Traders Lose MoneyLook at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the bigger picture, EURUSD is on a Bearish Move. I'm not saying you can't make money if you have bought EURUSD, but you shouldn't stretch your target when you are counter-trend trading and you won't know that if you didn't get the trend right. On the lower timeframe, the 4-hourly chart, Trend Traders could wait for a retest of the Key Resistance Level at 1.0912 and wait for a Magic Candle Confirmation to engage the trade. Counter-Trend Traders could wait for the completion of the Bullish Shark Pattern, followed by a Magic Candle Confirmation at 1.0707 before heading for a buying opportunity. What's your trade plan for the week? Comment down below.
Short
by RaynLim
NIFTY 50 - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:NIFTYLong
by Tradelikemee
1
Fantastic OpportunitiesAs the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself. There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart. The important candlesticks confirmation on the Gartley Pattern at X requires the next candlestick to touch 71.47 before the pattern is valid; failure to do so, I'll be waiting for the Bearish Bat Pattern. Magic Candle has to appear at 72.94 for the Bat Pattern on the 4-hourly chart(right) to be valid. This is how trading should be. Plan your trade, and wait for candlestick pattern confirmation before engaging the trade. What's your trade plan for WTI?
TVC:USOILShort
by RaynLim
2