Get started

Candlestickreversalpatterns

NZDUSD OVERALL BEARISH (Potential LONG OPPORTUNITY) I am anticipating NZDUSD making a retracement. -Price intitally made a bullish push -Price then met resistance around 0.6500 level and formed a Double Top. -A double top, is a sign of potentail bullish exhaustion and a possible reversal. -After price tried to break the level, price then closed as a reversal candlestick, followed by a large bearish momentum candlestick. -I am expecting price to close on 2/6/23 or 2/7/23 as a doji candlestick on the daily time frame. -On the 4hr/1hr, I am expecting a double bottom, that will then make a bullish push. - Price will then make a bullish push to test the neckline of the double top, which also aligns with the 50-61.8 Fibonacci level. Please, Like, Comment, Follow for more ideas. Feel free to drop your ideas/analysis below !!!
Long
by NoCeilingsTrading
1
Head and Shoulders Pattern On Natural GasHere we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas. The volatility between the head and the kneckline was 19% so we used this as our main take profit area. At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%. This was a big trade to take, the entry for this set up is below: entering on the break and retest of the pattern. Using the rally candle for the signal to enter was key also. Also had a 2nd opportunity to enter the downtrend and this was the continuation pattern = symmetrical triangle (if located in a downtrend then the chances are that breakout will be to the downside Follow me for more analysis and candlestick signals.
CAPITALCOM:NATURALGAS
by LuxTradeVenture
Is EURUSD about to Melt up? During last week we were tracking the EURUSD correction and wanted to see evidence of buying activity to signal a resumption of the long-term uptrend. We got that around previous support levels and saw a nice impulsive move up. Then on Monday's FX market scan, we were tracking what looked like a bull flag on the smaller timeframes, and a potential head and shoulders pattern. The bull flag broke to the upside nicely and now we've seen a confirmed break of the neckline. Looks to me that we've got the resumption of the longer-term uptrend with a view to test the previous highs at 1.2342 for a start, and then onto round number 1.2500. I'm looking to keep re-entering longs after any corrections on the smaller timeframes. See you at next Monday's FX market scan. Cheers Dale Please like and subscribe for more ideas
Long
by OrganicFX
2