trying to get average entry filled around 9800 12hr candle was one of shittiest candle & with confluence of double top, this is a good setup
Hanging man such a pattern, consider initiating a short trade near the close of the down day following the hanging man. A more aggressive strategy is to take a trade near the closing price of the hanging man or near the open of the next candle. Place a stop-loss order above the high of the hanging man candle.
This trade has the opportunity for lower. Bear has overall taken nice control and for this good Friday, the price may continue falling lower. For further trade consultation direct message me. Happy Easter.
BTC first more significant correction/wick bellow 10250$. So far forming a hammer doji , but we need more information before confirming/assuming a more positive directing. The situation can easily turn and the hammer doji can transform into a hanging man pattern quite easily. So far staying neural to moderately bullish. Remember not to over leverage your trades...
A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hanging man most traders say the lower wick must be two times greater than the size of the...
To be short, you can see weekly candlestick did shooting start and following with Hanging man candlestick patten and lower high in big time frame. Therefore, short is good idea for now with stop loss at 8850. Good luck for all of you and be happy!!!
NYSE:TWTR - Price closed with a hammer candle after a waterfall drop - Buyers look to be stepping in at this key demand zone - Will look to build a position from here to target a reversion towards the 200ma - R/R 1:2 SL & TP on chart - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Everything has been showed on the chart. Wish big profits for you.
Both NZDCAD & NZDCHF on the weekly Time Frame broke through the level of past support to become future resistance, the market on both of them created on the weekly 2 candles with long wicks to the south at the past support. the next resistance for each of them is about 150 pips away so in total there is a 300 pip potential. let me know if you have any...
looking for confirmation red candle next week.
DON'T FORGET TO SET TP&SL AND USE YOUR OWN MANAGEMENT!
Looking on the daily chart I can see a nice dubbel bottom. The 2 red arrows are pointing to the two specific candles I really like to see when the chart is making a dubble bottom. Also the rsi indicator has given a overbought signal on the first touch of this bottom. Price moved up pretty strong and for me this looks like a trend reversal. on the left side of the...
Hi traders, I found a supply level that was hit last week. The price was in a little consolidation. I waited for a confirmation (candle formation) before entering the trade. The confirmation was a 2 bar engulfing pattern / Hanging Man pattern on the D1 Chart. This post is a little late, as I forgot to upload the idea after I entered the trade. You can use it as...
BA Weekly candle printed a hanging man at current channel resistance. This allows for short entry right now with an extremely tight stop loss of 369.5, only 1.5% loss. Minimum profit target would be 320 area around the 125 moving average, so just over 12% gain minimum. That computes to around 8:1 in favor of reward in this scenario. I like options in this case...
Beyond Meat bubble is beginning its burst with Stochastic RSI, RSI, and Godmode showing a Double Top on the Daily with bearish crosses... Declining Volume within a Rising Wedge... Consecutive Hanging Man candles on the Daily... Short target is the major unfilled Gap on the Daily...
On month time frame appears first part of hanging man pattern. Oscillators shows overbought, so this pattern potentially could be successfully finished on next month. Will see
Morning traders, After a positive surprise for the market on Australian elections as Conservatives keep power via coalition and the polling companies have yet another shocker after predicting in the last 50 polls that Labour would come to power. This mild positive and the oversold nature of AUD led to a large short squeeze with AUD trading up 70 pips from...