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The Basics of a Candle Stick (for Beginners)Candlesticks represent where price action opens and closes in a given time period.For example, when looking at a 1HR timeframe, each candle will represent 1HR of price action and also show where the opening and closing price of that hour was. Green candles show buy pressure Red candles show sell pressure. The larger the candle, the more variance in price action. Wicks are the thinner lines above and below candles that show where highs and lows of price action has reached during the timeframe of a candle. Wicks on the upside represent the highest price it was traded for during that time. Wicks on the downside represent the lowest price it was traded for during that time. Keep in mind that these wicks can be on both the upside and downside of a candle at the same time. Remember, the top wick is the highest the price was traded at, the bottom wick is the lowest that it was traded at. __________________________________________________________________________________________________________________________________________________________________________________________________________ No part of this book may be reproduced or used in any manner without written permission of the copyright owners except for the use of quotations in a book review. Any opinions, news, research, analysis, prices, trade discussions, or other information contained on this website are educational in nature and merely provided as a presentation of trading strategies. Commentaries made on this website reflect our own opinions and trading techniques and do not constitute investment advice. All information and material is for educational and entertainment purposes only and is not intended to provide financial advice. I'm not a registered investment advisor. 00:58:48 ( UTC ) Thu Jan 2, 2020
OANDA:XAUUSD
by TayFx
2
The Famous Double Bottom (+130 pips)A double bottom is simply the opposite of a double top . This pattern normally occurs during a downtrend and is a signal of a reversal of the downtrend toward an uptrend. It’s easily recognizable by its resemblance to the letter “W”. The initial downward move will find a support at the first bottom and then the price action will rally off the support to a temporary new high (the middle of the “W”). Another selloff will often take place that will reach the same support level of the first bottom, consequently sparking another upward rally. The trend is confirmed when the price breaks through the upper resistance to complete the pattern and reversal as displayed below. These are the most basic pattern structures of double tops and bottoms that you’re likely to come across. ( cont in our course) Any opinions, news, research, analysis, prices, trade discussions, or other information contained on this website are educational in nature and merely provided as a presentation of trading strategies. Commentaries made on this website reflect our own opinions and trading techniques and do not constitute investment advice. All information and material is for educational and entertainment purposes only and is not intended to provide financial advice. I'm not a registered investment advisor.
TVC:DXYLong
by TayFx
3
CHFJPY READY FOR NEXT MOVE.In the name of Allah, the Most Gracious, the Most Merciful. LAST TIME WE SHARE THIS PAIR AS SHORT NOW MOVING UP JUST BECAUSE LAST TIME ANALYZE IN 4h BUT IT FOLLOWING 1D , SO WE NEED TO FOLLOW MAJOR TREND. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example, you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational Purpose this is not Investment advice. Thanks Adil Khan.
Long
by Make_Money_Guru_Bitcoin
AUD/NZD AnalyticsHello Traders! AUD/NZD has reached a strong resistance level on 1.06200. As you can see in the past the price was strong rejected on this level this year on: 08.01.2019, 22.01.2019, 25.04.2019, 08.05.2019, 31.05.2019, 21.08.2019. We set up a possible sell zone around 1.06150. If the price will break this resistance zone we will update our analytics and let you know with all the new possible sell or buy zones! Stay tuned for more! Regards RoTradeAlerts!
Long
by UnknownUnicorn5293721
1
EUR/JPY AnalyticsHello Traders! As you can see on the EUR/JPY chart, the price tried to make a bearish break at the 117.550 support zone. After a 90 pip fall the price went up over 117.550, which shows us that the sell power is decreasing. We are looking for a possible bullish breakout, after this breakout we will wait the price correction, and the new support zone retest. We set up a possible buy zone above the triangle line. Stay tuned for more! Regards RoTradeAlerts!
Long
by UnknownUnicorn5293721
USD/CAD AnalyticsHello Traders! As you can see on USD/CAD chart is a possible uptrend. The triangle pattern formation is a sign of the price consolidation, now we wait for a breakout on this triangle. there are 2 possibilities: - an uptrend breakout, on this breakout we will look for a buy after the breakout it's done and we have the retest and confirmation of the new support zone - an downtrend breakout, on this breakout we will look for a sell after the breakout it's done and we have the retest and confirmation done on the new resistance zone. Stay tuned for more! Regards RoTradeAlerts!
by UnknownUnicorn5293721
GBP/USD AnalyticsHello Traders! On GBP/USD chart we can see in the past days an 80 pips downtrend oscilation, but not enough strong. As you know from our past analytics GBP/USD has reached on the daily chart the 1.20900 resistance level .We can see a strong buy zone at this level in the past on: 2016.10.06, 2017.01.17, 2017.01.09. We can see on H1 chat a good confimation on 1.21100 level with a possible uptrend arround 350 pips. Our first target in the upcoming days is 1.24680 resistence level. Stay tunned for more! Regards RoTradeAlerts!
Long
by UnknownUnicorn5293721
1