Bitcoin - Small bull trade idealonged 43,500, targeting 44,800, taking profits at 44,600, stop-loss at 42,800
bull hammer, followed by morning star on 1hr timeframe
morning stars are bearish > bullish trend reversals however I expect it to hit the band at around 44,800 and either come back down or go sideways for abit
this is a small risk trade for me, where If I get stopped out I don't care and if it plays out, I make a near 30% gain
sorry for low detail, I'm on my phone right now and struggling with the new update
the market is risky right now, don't take this as advice, this is just my idea :)
comment your ideas down below :)
Morning Star
LONG ON GBP/CAD Downward channel falling into a major support zone on this pair.
small morning start candle stick pattern on the 2hr timeframe.
it would be a safer trade to get in after the breakout then a retest, Im just trying to catch it early.
Here is the play I will be taking on this pair:
OT = MARKET BUY NOW
P = 1.63255
SL = 1.62865 - 42 PIPS
TP = 1.64541 - 125 PIPS
Bags $4M FundItheum announced investments from Elrond, Mechanism Capital, and other crucial investors; raising their funds from $11.5M to $14M. The initial $11.5M came from an earlier round funded by Morningstar Ventures, incubating Itheum via their Elrond Dubai Incubator.
The additional investments included Elrond Foundation, Mechanism Capital, Woodstock, Ascensive Assets, Skynet EGLD Capital, MHC Digital Finance, ZBS Capital, and Spark Digital Finance.
Itheum’s Founder Mark Paul commented on the recent eventful months of Itheum.
UBER: Weekly Morning Star Doji Within a Falling WedgeUber right now is at the bottom half of a Falling Wedge and has printed a Weekly Bullish Engulfing Candle against a Morning Star Doji at a Horizontal Support and at RSI Support and looks like it's preparing to begin a new major move back up from here.
Morning Star at PCZ of Bullish Gartley Visible on WeeklyCorsair for it's entire life has shown nothing but Negative Momentum on the Weekly MACD but now only after hitting the PCZ of a Bullish Gartley has it decided to print a Bullish Candle Stick Pattern and show a Curling up in MACD Momentum; this may signal seller weakness and if this continues we will see the first bar of Positive MACD Momentum in the asset's Entire Lifetime, that may lead to a Climatic Rising in Price, perhaps all the way up to the $50s in the coming weeks.
DATAPRP Morning Star Formation or Continue DowntrendPossibility to form morning star, or forming same pattern as first circle or worst continue downtrend.
Entry 0.460, TP1 0.490, TP2 0.530 and cutloss 0.430. If break downtrend line, possiblity of uptrend movement. Trade at you own risk. Comment if you have different idea. Thank you for your time.
EURUSD the Morning Star candlestick pattern And soon can pumpBased on our educational post:
Now we can expect local pump here for EURUSD based on two factors:
1. reversal and bullish candlestick pattern named Morning star.
2. so many stop losses hit when the price broke the daily support and it is a good sign too. (fake breakouts are a good reversal sign too)
DISCLAIMER: ((trade based on your own decision )) This post is actually a review of candlestick patterns that we had by example and is not financial advice on EURUSD so do your own research for your trades.
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Bitcoin posts morning star reversal on hourlyBitcoin - Intraday - We look to Buy at 40604 (stop at 39888)
With signals for sentiment at oversold extremes, the dip could not be extended. 41517 has been pivotal. Offers ample risk/reward to buy at the market. Bullish divergence is expected to support prices. We continue to expect further losses to be limited and look to set longs for a further drive higher within the channel.
Our profit targets will be 42636 and 43536
Resistance: 41500 / 42300 / 42800
Support: 40500 / 40000 / 39000
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TOPGLOV Not every candlestick pattern "count". where/when.28/11/TopGlove.. Not every candlestick pattern "counts" Depend on where/when it was "found"...Is is a "valid" counts?. A "doji"? A "Pin Bar" A "Good" Morning Star? on not 1 minute but monthly chart..?..( Wait,, Not yet), wait until it closed monthly bar after 30/Nov/21
Morning star candle pattern buyer-seller psychologyMorning star candle pattern buyer-seller psychology:
The sellers are in complete control in the downtrend before the pattern starts,
* The first candle in that pattern sells heavily, and with the Big Red candle the sellers paint a picture of their full control.
• The opening of the 2nd candle has a selling down through a gap down, then the sellers start buying when the price goes down. This leads to a lot of buyer-seller fights and an indication of small body red / green candles.
* The seller loses control of the 3rd candle through the gap up and the buyer takes full control of the green candle. The uptrend begins.
# Conservative traders wait for the 4th candle for confirmation and many enter the 3rd candle gap up
PIIND - Morning Star Formation - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Australian Dollar Ready to Reverse Higher? - AUD/NZDThe Australian Dollar could be readying for its next leg higher against the New Zealand Dollar following losses since early October.
AUD/NZD recently confirmed a bullish Morning Star candlestick pattern, opening the door to extending gains.
But, prices still need to overcome the near-term 20- and 50-Day Simple Moving Averages. Clearing them exposes the 23.6% Fibonacci extension at 1.0486 before making way towards a falling trendline from March.
Otherwise, clearing the key 1.0280 - 1.0331 support zone may see prices resume the downtrend towards the 2020 low.
FX_IDC:AUDNZD
KLCI may done muti-months correction. 12/Nov/211)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Possible Strong Start Tomorrow & Strong Close End Of The WeekAlthough AMC experience strong movement today and yesterday. It is possible for AMC to retest the $38 tomorrow. What I like to see is can $AMC retest $44 tomorrow and close it there? If so the weekly chart suggest a bullish breakaway. If not I will readjust. My conviction is that at first AMC was showing bearish divergence in the last 2 hours but the 1 min chart in the last 1 hour create a Falling wedge and double bottom. The last same hour in the 30 min chart which I publish could be a morning start. There is some volume incoming in the last hour. But nothing is for certain. Again we may retest the $38.50s again.