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Hammercandlestick

Euro is become more optimistic: There's nice news of EurozoneAs today we see a good ness for the Eurozone, so Europe could be benefited in this week because if you noticed it this news: "Euro is turning into "credible" safe haven after Europe Union Rescue Deal" So, as Sterling Pound also is strenghten, but not in EUR against her rivals, because the Euro fundamentals is more strongest than Sterling Pound. No guys, in this technical analysis, in Daily we see a Euro so bullsih as the par EUR/USD continue the trend, that may be influenced in this par too. Looking in Daily timeframe, we see a closed up of candlestick in Daily, so carefully we see a inverted hammer, that show that in the next days Euro is continue up and buyers are here defend the Eurozone while all the Euro fundamentals keep in reputation. More interesting is that timeframe too, in H4 we see a bullish movement and we are in this bearish channel, that mean a continue of the trend, rememebr that in Daily is so bullish still it. i will going again to discuss the fundamentals in this par and the msot important for me is: 1. Euro rose against many of its peers today on hopes over a crucial milestone as the Eurozone's goverments look set to form a consensus on a covid-19 recovery fund. 2. Although lower than the initial proposal of 500 billion of euros, the new grant is agreed at around 390 million euros-still a significant boost for the Eurozone's struggling economy 3. A commentary of Valentin marinon say that as European Union fund should foster fiscal solidarity in Europe and create a massive new pool of high-quality, euro-denominated bonds. 4. Euro's investor see that Eurozone's largest economy's has the ability to recover from the covid-19 crisis while the incresingly of the important countries as France, Germany, Italy, Spain, Denmark, etc... That is ones of the countries wiht largest cases of covid-19. Specially Spain is one of the largest cases in the channel called in spanish: España Noticias!!! Did you know, this par is one of the sensitive becuase when United Kingdom is more optimistic in the past week, we will needed to sell Euro than buy Sterling Pound. So, guys this is all my news, don't recall the fundamentals, reading is important, because one of my strategist is when I going to sleep, turn my computer and read firstly than making technical anlysis
Long
by harisonhbn9718
Bitcoin BTCUSD Bullish Hammer - Bottom of a downtrend. How2TradeFor Bitcoin, currently, when we look at the BTCUSD price on a weekly chart, we can see that on the week of 16th December 2019 Bitcoin price action put in a Hammer on the weekly close. How to recognise a Hammer? A preceding downtrend, It looks like a square lollipop with a long stick, Has a tiny body, Has no or little upper shadow, The lower shadow is at least twice of the length of the real body. Whats the psychology behind the Hammer? It tells us that the Bulls are strong enough to conquer the Bears who once dragged the price so low. How do we trade the Hammer? Look for the hammer at the bottom of a downtrend. (this was already confirmed seen BTCUSD 16th Dec 2019 Weekly Chart) Wait for the next candle to close above the high of the Hammer to confirm existence of bullish force. (this was already confirmed seen BTCUSD 06th Jan 2020 Weekly Chart) Look for going long opportunities upon confirmation as the potential turn of the trend to Up-Trending dominance, with stops placed below the low of the Hammer. (current candle BTCUSD 13th Jan 2020 Weekly Chart) As a Day Trader, I will be looking for going long opportunities upon the possibility of a daily close candle above the Macro, major resistance trend-line level of around 8100BTCUSD- within the next 2 day’s. I will also be watching for any Break-downwards signals and/or a continuation of the Ranging Trend. COINBASE:BTCUSD
COINBASE:BTCUSDLong
by Gabe_MCB
{SWC} EcoWorld International: Moving Averages with Candlesticks Thank you for your continued support :) Strategy: Moving Averages Formation (Swing Trade) Bias: Bullish. As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed above the previous day's high. Stop-loss: 0.860 1st Target: 1.40 Gentle reminder: Plan your trade and trade your plan . Peace out!
ELong
by ShareWorldConsulting