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Candlestickpattern

MAX INDIA - Excellent Daily VCP Poised for a minimum 20% upmove.1) The stock is in uptrend in all major timeframes. 2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation. 3) The stock shows strong volatility contraction in Daily, looks poised for breakout. 4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play. Entry around 230, Best - Between 215-220. SL - 214 Daily closing basis. Target - 330. Follow me on my channel for regular updates.
NSE:MAXINDLong
by Rugminik
1
Bitcoin PATTERN - BTC Roadmap to NEW ATHBINANCE:BTCUSDT 👉 Trendline Analysis: BTC has been consolidating directly underneath the resistance zone - BULLISH 👉 Candlestick Analysis: Three white soldiers in the 2W timeframe - BULLISH 👉 Technical Indicator Analysis : Price has cooled down after being "Extremely Overbought", moving averages holds - BULLISH Technical Indicator Monthly Timeframe: Technical Indicator Weekly Timeframe: There is really only one concerning matter, and that is from a potential near term scenario: ❗ Pattern Analysis: Potential for M-Pattern to form, medium risk: BEARISH The candle closes of the next two weeks are crucial in determining how this pattern will play out. For further reading, here's the initial Elliot Wave analysis on BTC: ___________________________
Long
by CryptoCheck-
1
AUDUSD Analysis: Shorting Opportunities Amid RetracementFor those eyeing AUDUSD, here's my take: While some might be tempted to buy, anticipating a retracement (UP) due to the recent price action, I'm not focused on buying opportunities. Instead, I have more strategic shorting setups in mind. 4-Hourly Chart: - Resistance Levels : Waiting for a retest at 0.6638 or a retest of the channel for shorting opportunities. 1-Hourly Chart: - Resistance Levels : 0.6595, 0.6613, and 0.6636. - Preferred Entry : 0.6636 is my ideal shorting price, as it aligns with the key resistance level . What's your trade plan for AUDUSD? Comment down below and share your insights! Happy trading!
Short
by RaynLim
2
EURUSD Analysis: Multi-Timeframe Shorting OpportunityHere’s a detailed look at the EURUSD across multiple timeframes: Weekly Chart: - The market is in a sideways consolidation phase. - The upper trendline has been respected, indicating a potential downside movement. Daily Chart: - Watch for a retest of the Fib-3 Bat Pattern, which could offer a prime shorting opportunity. 1-Hourly Chart: - I’m eyeing a retest of the resistance at 1.0863 for a shorting opportunity. What’s your trade plan for EURUSD? Comment down below and share your insights! Happy trading!
Short
by RaynLim
USDJPY - 2nd chance sharing opportunityI believe the BOJ conducted its second FX intervention yesterday. As the market retested the sell zone, I shorted this pair and placed Stops at 156.82, which is a good 58 pips of initial risk. Once the market reaches 155.78, I'll shift my stops to the entry-level. This would prevent any losses incurred by hectic volatile movement. If all goes well, my 1st target would be at 154.85 and I'll keep my second target open. What are your thoughts on this?
Short
by RaynLim
2
A Practical Guide For Candlestick Patterns!Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Intraday traders aim to either purchase a cryptocurrency at a low price and sell it at a higher price or short-sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information to help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply, among other factors. Tools such as candlestick chart patterns are very helpful to traders. We will discuss these candlestick charts and offer steps to help you read them.
Education
by CRYPTOMOJO_TA
10
GBPAUD Trade Setup: Bearish ChannelGBPAUD has piqued my interest from a mid to long-term perspective. I'm looking at two potential shorting opportunities: Key Levels: - Short Entry on Resistance Retest: 1.9212 - Bearish Channel Indication: As long as this channel isn't violated, it strengthens the bearish bias. I'll be looking for shorting opportunities on both the 4-hourly and 1-hourly charts based on these indications. What's your trade plan for GBPAUD? Comment down below and share your thoughts! Happy trading!
Short
by RaynLim
Historical Bitcoin Monthly candle Colours - MAY - JUNE and beyod So, as we come tot he close of MAY 2024, short of a Catastrophe today, MAY will close Green for the 7th time in Bitcoin History, bringing the score to 7 Green - 6 Red for May The Current score for June is 7 Green - 5 Red On 4 occasions, we have had a Green June after a Green May, so odds are higher we will see a Green June, though is os NOT a guarantee.. However, Only on 3 occasions have we seen a Green July after a Green June. PA has never had a Green Red Green before June. I.e. Green March, Red April, Green May But in 2018 , we had a Red Green Red. i.e Red March, Green April, Red May and we followed with a Red June......This was After the 2017 ATH and the overall PA declined for a further 8 months, though there were small green candles in that time. The candles are dependant on Bull / Bear Market and I encourage you to look into this. IF we are in a BULL market now, we may continue the opposite of what happened in 2018 ? Only time will tell
BITSTAMP:BTCUSD
by Orriginal
Buybacks vs. Rotation: JPM and AAPLMany companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI) is based on outstanding shares. So with fewer shares outstanding, it can help PSHI hold at a certain level. The Buy Side has been lowering inventory this year. See red arrows on the JPM chart. In 2018, Buybacks boosted the index components and kept the market from continuing a bear market, which was already underway--a minor bear not a major one. Then in 2019, buybacks surged as the government cut corporate taxes massively. The cash on hand was enormous for most companies so they did mega buybacks, leading the move upward for index components that year. Then, in 2020 the pandemic stock market collapse completed that very odd delayed bear market. Buyback candles are frequently solid white without wicks or tails. Buybacks often initiate strong swing-style runs, such as they have in $NYSE:JPM. See the blue arrows. NASDAQ:AAPL also announced a huge buyback program in early May. This gives the Buy Side Institutions the opportunity to lower inventories of AAPL too, without disturbing price much, if at all. AAPL is in a sideways trading range, which is a tough pattern to trade since there is no consensus about what the company is doing to fuel future growth.
NYSE:JPM
by MarthaStokesCMT-TechniTrader
EurUsd Higher on ECB Rates Cut Rumors 🗿Hello traders! EurUsd has wasted no time and is seeing some buying pressure to kick off the week. We are 31 pips from the previous weeks high price as the Eur is being bought ahead of next week's Interest rate announcement by the ECB. Apparently the central bank will be cutting rates and so the market is moving on a "Buy the Rumor and Sell the news " sort of flow. How far can we pull up ahead of next week's announcement? Well we are already up 31 pips.. and our next weekly resistance zone is at 1.09427, or about 63 Pips away. I cant see why not, on this buy the rumor sell the news kind of flow, that we could reach that price level. The monthly candle is bullish after all and we are rejecting the monthly support level . So 1.09427 is our weekly bullish target. For the Short term, I liken pullback scalp buys off 1.08672 or scalp sells off 1.08845 daily level and 1.08945 4hr zone. The Daily candle today closed bullish, in line with the previous Daily candle from Friday.. which was a solid bullish candle in of itself. In our previous analysis, we were biased towards sells but after what the ECB policymakers are saying and the price action so far this week, we must remain flexible in our approach. We did suggest some places to look for longs in our previous analysis and did indeed callout potential longs, in advance, from the daily low of today at 1.08420 1hr support zone. The link for that analysis will be below so go check it out. Otherwise, safe trading everyone!
Long
by ShrewdCatfx
Friday Optimism carries into Monday's trading? ♦️Hello Traders. Welcome back to another Analysis. Last Weekly candle closed down 20 Pips on EurUsd.. which was quite a different picture from the previous 5 weeks. Through the second half of April and throughout most of May we observed alot of optimism and observed a decent rise in EurUsd. This sentiment came to a halt last week as EurUsd pulled down during most of the week as the USD made some gains.. that was until Friday when most of the gains were given up to the Eur as price climbed it's way back up. The 50 pip move down on Thursday, with better than expected PMI numbers for the USD, was corrected in it's entirety on Friday. Now What? Price is in a tight range to begin the week between 1.08524 4hr zone and 1.0845 4hr zone. Well the monthly candle on EurUsd is still quite bullish. It is the End of the month and this last week could see some hectic volatility, so we must be cautious. Either the Monthly candle will keep pushing up or it will pull back and create a larger top wick. We do have a very nice clean traffic area on EurUsd if we can get below 1.0835. We can decrease underneath there for 20 pips at the least down to the 1.08147 Daily Level. Ranges to trade within look quite messy to me to the upside. My Bias to begin this week will be short and we have the weekly candle closure last week to back us up. This doesn't mean that a solid 1hr candle closure off 1.08413 couldn't suggest decent buy scalp opportunities. My bias to begin Monday's trading is a decrease to the Weekly support level 1.08358. Safe trading. Not Financial Advice but purely for General Informational and Educational purposes only.
Short
by ShrewdCatfx
GBPUSD - A Bullish Trend with a Cautionary NoteHey traders! Let's dive into the EUR/USD market analysis. While many are eyeing a shorting opportunity at 1.2743, leveraging RSI Divergence, it's crucial to acknowledge the overarching bullish trend on both daily and weekly charts. Currently, the market is hovering around a critical support level at 1.2723. A 20-pip move might not be substantial, but it can be a telling sign. Here's what to watch out for: If the market bounces from this support level, it could indicate a continued bullish trend. A breakdown below 1.2723 might attract more sellers, potentially leading to a short-term correction. Keep in mind that the bullish trend on higher time frames still holds sway. Let's monitor the market's reaction at this support level before making a move. Stay vigilant, and let's trade wisely!
by RaynLim
EURUSD Analysis: Strategic Approach in Volatility PhaseOn the Weekly Chart, this looks like a regular day strolling down the road of simple support and resistance trading. This is when new traders got it all wrong! On the Weekly Chart, sideway consolidation occurred. When sideway consolidation happens, market expansion, known as a volatility increase phase, will definitely follow. From what we had, at this moment, I'll be more inclined to take a buying opportunity at 1.0842 on the 1-hourly chart than to short at 1.0852. Of course, this is not a sure thing; always plan and follow your trade plan.
Long
by RaynLim
GBPUSD. Levels for intraday trading 1.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
by Forex_Hoby
GBPUSD Analysis: Trend Trading Opportunity- Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Analysis: - Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Trade Plan: - Long Opportunity: Consider going long at 1.2461 for a trend trading opportunity - Take Profit: Set initial target at 1.2502 for a profit potential of 41 pips - Risk Management: Implement effective risk management techniques to manage potential losses Insights: GBPUSD presents a trend trading opportunity with a Sideway Bounce setup, offering a buying opportunity at the Key Support level of 1.2461. Traders can aim for an initial target at 1.2502, providing a profit potential of 41 pips. It's essential to closely monitor price action and adhere to risk management principles for successful trading outcomes. Share your insights and trade plan below! 📈 Capitalize on the trend trading opportunity presented by GBPUSD, leveraging the Sideway Bounce setup for potential profits within the current market conditions!
Long
by RaynLim