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Indecisioncandle

Time to go long on AUDUSDThis pair has been retracing for a few days now. I believe that after Wednesday's close, price is very close to reversing. The presentation of an indecision candle on top of a major support and between the 23.6% and 38.2% fib, signifies that momentum is slowing down for bears. I would wait for more bearish activity during following hours, and potentially for buyers to come in while there's volatility. Reversal candlesticks on top of this support are valid buy opportunities for at minimum 80pips. Look to buy after a false breakout to the downside or after the final low.
Long
by DesharedPierreJr.
AUDUSD Bullish indecisionAUDUSD has been uptrending for a few days towards a very strong resistance. Price has been rejected many times in this area. Candlestick analysis suggests that price is slowing down. The candles have a lot of wicks and small bodies. However ADX suggests price is still very bullish. I will be awaiting a daily signal for a short. Anytime price is approaching a very strong buy exhaustion area, I become alert for reversal signals. Price usually decides to retrace from strong areas of interest.
by DesharedPierreJr.
AUDUSD - Support area provides a buying opportunityConsidering lower NFP data on Friday, the odds on FED pause seem to be a bit increased even though it was not quite reflected on the FEDwatch tool. However, taking the holiday into account it is not that surprising to see such a low volume happen on the NFP data release. Thus, an indecision candle formed right at the support area. This could pose a nice opportunity to either buy or sell the market as the guide is quite simple. Price breaks and closes above Friday high means buy opportunity, and the opposite also applies. But since I am a dollar bear for now, I think I would prefer to do the buying instead of selling. Entry: Above Friday's high Stop: Below Friday's low Target 1: Bullish engulfing candle high Target 2: Daily resistance (blue box)
Long
by disaresta
SPX Showing Indecision After An Attempted Rally Above ResistanceThis is a small update to my pervious monthly and daily chart where i pointed towards the possibility of a Rising Wedge and a Bearish Crab to take us to lower levels soon. As of today we have had a strained rally above the 1.618 and look to be heading for the supply line of our Rising Wedge. But it looks like with all the indecision we are showing only just slightly above resistance and the 1.618 Fibonacci Extension that we may not have enough steam left to rally to those levels. I expect that we will either remain sideways or go down from here and likely will not be making it above the red box before at least first making a decent retracement to lower levels.
OANDA:SPX500USDShort
by RizeSenpai
1
Waiting for BUY SignalI m not sure about the shape is forming now. This is 1 hr chart and we are able to see it above 10K if this continues and we stay above green line things will br positive. from 5 min to 1 hr chart all i see is doji candles. which means caution. uncertainty and indecision. we think from nw it will go up. all longs ready. now whales will pulll that down. when lot of uncertainty just hold the breath and wait for right action. i sold at 10300 but when i saw its growing to 10700 lot of greed came in. this is what whales want to do. Dont you worry we will make sure to take right entry before 600 MA golden cross and then sky rocketing the price. but this week we do not have room to grow to 15k. Have'nt said that , anything can happen because,, its BITCOIN. !! but i am waiting to long on my buy signal. follow me to know when is buy signal. Thank you.
by rafipasha
USD/CAD - Double Bottom Long Setup (Indecision Candle)Double bottom + indecision candle at a key resistance area = long trade for me! Maybe a stall around the 1.31500 - 1.32000 area, but that doesn't mean i shouldn't take the trade, lets see how it goes! Entry @ 1.29500 Stoploss @ 1.28350 Take profit @ 1.32945 Risk/Reward Ratio = 3 If you follow my signals or trading advice, i am NOT responsible for any losses. I am still learning and i am currently NOT trading with real money. This is pure for educational purposes. Happy trading everyone! OANDA:USDCAD
Long
by StenB