Short Term EUR Pullback
OANDA:GBPUSD
1Hr chart, we hit a recent support level. Expect a pullback before eventually continuing lower.
Chart-patterns
CANDLESTICK PATTERNS BASICS | Engulfing Candle 📚Hey traders,
In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle.
On ETHUSD chart, I spotted for you bullish & bearish examples of this pattern.
The logic behind this pattern is quite simple:
⭐️In a bullish trend, after a strong directional movement, the price reaches some important structure level. Growing steadily and forming a sequence of green bullish candles the price suddenly forms a strong bearish candle.
What is particular about that candle is the fact that its total range (distance from the wick high to wick low) & body range (distance from body open to body close) exceed the ranges of a previous bullish candle.
🔻Such a candle we will call a bearish engulfing candle.
Most of the time it signifies a strong spike in selling volumes and willingness of sellers to push.
With a high probability, such a formation leads to a pullback or even a trend reversal.
Ultimate Candlestick Cheat Sheet For CryptoHello, traders!
Here is the cheat sheet for the candlestick patterns. They are divided into five groups:
-Bullish Reversal
-Bullish Trend Continuation
-Bearish Reversal
-Bearish Trend Continuation
-Neutral
All these common formations you can see on the chart but first of all you should understand what has happened on the market. When you are looking at the candle a lot of useful information can be received.
For example if the candle have the long wick to the downside and short body ( hammer ), it means a huge bullish pressure and this is a reversal to the uptrend sign.
When you have three stars in the South formation it is can be noticed that the wicks to the downside are long and bodies became shorter. It means the weakness of the downtrend and also the sign of the potential reverse.
If the candle have a very small body ( doji ) this indicates that the market is in indefinite situation. Bulls and bears war did not lead to price changes and future price direction is unknown.
Do you use the candlestick patterns? Please write your comment and give us a support with like if you like such cheat sheets!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
BBBY Squeeze $we need to hold above the current support 9.50$+, in order to test the critical resistant around the 12.44$, cause if we broke that level and hold above it we going to see the 17$+ price target .
DOUBLE TOP AND DOUBLE BOTTOMIn this short tutorial, we will look at how to trade the Double Tops and Double Bottom
It's simple and straightforward. No need for too much markup and stress on the charts.
TIP: HAVE FAITH AND TAKE ACTIONS!!!
ETH/USDT Breakout Zonewe still holding above our current ascending line , which show huge accumulation for the price , we will confirm a breakout and buy;ish momentum the moment we break out current resistant the 1300$, and the next target will be above the 1700$.
if we didn't hold our support above our ascending line , the short will drive the price to make double bottom above the 900$.
Raj217 Larsen and turbo Buy at cmp till 1646 with day closing sl of 1416 for tgt of 1786 1827 1837 1854 1876 1917 1954 and final tgt of 2000++ cmp is 1687
Study share by
_Raj217
No recommendation for buy just share my knowledge
PHUN Bullish Run If...as you can see we have 2 circle areas, 1 is down above the 1$, which is our bottom to confirm that we still respecting our ascending line, and 2 is up just below the 2$ resistant level, and there where we going to see a massive bullish volatility if we broke it and hold above it .
SOLUSDT 1D more dump coming !!!!#SOLUSDT on daily if doesn't bounces at 37.50 next lower target at demand zone lies at 20.01.
BTC/USDT DIVERGENCE AND FALLING WEDGEBy Completing The Falling Wedge Lattern We expect the price to cross over 40k and 41k Retraces
Beside the Chart pattern Confirmation for Increasing The Market Cap of BTC
We have a divergence In Relative Strength Index Indicator which is a sign For Breaking out 40k Retracement.
This is not Financial Advice
CADCHF Watching For A Buy TradeHey Purpose Trade
I pray all is well with you today. Let's talk about CADCHF. CADCHF is creating higher highs and lows on the daily timeframe. I do not want to sell against this trend on the daily timeframe so I am anticipating a buy as long as price can stay above 0.74733.
No sells are in my view on this pair. My next Take Profit will be back up to daily highs and beyond. This will be a short term swing trade I will hold for a few days.
Thank you for taking the time to read my analysis. If you have questions or care to comment feel free to do so. Please be kind as kindness is free and good for the heart.
Safe trading this week.
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Beware of scammers impersonating me. I will never contact you first on my official platforms to sell you anything. Nor do I ask for you to open an account and deposit money for me to trade. I am an educational educator only.
#BTC/USDT 1D UPDATE BY Trader_SL #BTC/USD Chart Update
2022/04/13
1D TIME FRAME
As you see in the chart, BTC is trading inside a rising channel and currently sitting at the lower level of the channel. In the past scenarios, we have seen BTC bounce many times after hitting the lower level of this channel also we can see Bitcoin now is with hidden bullish divergence So I'm expecting a bounce in the market from this level and making another Higher low.
If any daily candle closes below this channel then this scenario becomes invalidated. Let's see. I'll update you.
This is not a piece of financial advice.
Do hit the like button if you like it and share your charts in the comments section.
Thank you!
GBPUSD : STRONG BULLISH MOVE
Hello traders.
GBPUSD had created a beautiful M structure previously and now has retested (Retraced to) the neckline of the M structure and shown above.
Rejection of the necklines, shows a clear and strong indication of continuing bullish movement.
Short your positions from MO day session opening and hold it for a long period of time with Targeted price 1.27555
GBPJPY - Going ShortGoing short on GBPJPY, from a technical point of view all indicators point to a sell. Trade wisely with good risk management
Going long on NZDCHFTrading within a channel, going long on the short term. Use proper risk management. Happy trading!
USDCHF ShortThe price continues to support in the downtrend. We are waiting for the price to fix under the level and fall to support.
USDCAD - SHORTAccording to our technical outlook, we're pretty much setup for downward movement on this pair, very unlikely to have a breakout to the upside. Use good risk management, this is a good trade to ride on
GOLD - LONGPretty much strong support around the 1770's, anticipating a strong bullish move within the channel. Let me know your thoughts, trade responsibly with good risk management
The Kangaroo - An Australian Analytical PatternThis image is of a kangaroo pattern. Just like a kangaroo in the top paddock, you will find many bulls associating with this pattern, as they are both fond of the top paddock.
When you see a kangaroo pattern, you can be sure that the price will race up as the kangaroo is ready to take another bound.
The paws sometimes rest on the 0.618, but they are known to hang lower. After the head is made, it is common for a dip to the arms or paw height on occasion, as the kangaroo gets a hold of the back of the next kangaroo and works its way up.
The kangaroo pattern was first discovered by Speiros in 2019, and put on display in 2021.
This is where I start looking to re-enter - 42-46kHi Traders,
A non-video post for you all here.
Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again.
Time, price, pattern. That was the time aspect. Now onto price and pattern.
We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon.
Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen.
What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again.
Stay tuned and until then, trade safe all!
-Stew
BANDUSD - Charting on the fly - Trade strategy - Price Targets In this video:
* We do another Charting-on-the-fly session
* I look at past price history and chart patterns
* We assess the benefit and accuracy of analytics
* We look at current price actions
* We map current price patterns
* We target price and map levels
