Singals
AUDJPY Hitting Strong resistance levels / Bullish continuation.AUDJPY (SELL) is currently hitting strong resistance levels, an upcoming bullish continuation trend which started at 08th of April 2020 will probably continue any time soon. Resistance is very strong at the moment and Sellers are losing ground.
Entry: 74.587.
T/P : 75.611
S/L: 73.051
USDCAD 1 Hour Cup & Handle (GOLDCUP) signals.CUP AND HANDLE (Goldcup) USDCAD 1 Hour
Entry (Sell): 1.42334
SL: 1.42674
TP: 1.42019
(WARNING⚠️)
I am not a professional trader. This is my personal opinion on the trade, and if you are to take action; it is at your own leisure, I am not legally liable for any money gained or lost.
-RoyalT
UKOIL / BRENT CRUDE OIL - H4 - M FORMATION GET READYHELLO COMMUNITY,
HERE IS MY SHORT IDEA FOR THE UKOIL / BRENT CRUDE OIL.
IF YOU LIKE MY IDEAS THEN PLEASE LEAVE A LIKE AND FOLLOW ME.
1. D-CHART TREND
2. M-FORMATION LEFT SHOULDER
3. INDECISION (SEE SHADOWS)
4. M-FORMATION RIGHT SHOULDER
5. MY ORDER
BEST REGARDS
EURNZD - broken trendline!Hello my dear friends,
EURNZD showing lag of bearish momentum, and broke important trendline.
We would buy the market and target higher resistance level for retest.
Buy market @ 1.70094
Stop-loss @ 1.69595
Target 1 @ 1.70564 -- R/R : 0.94
Target 2 @ 1.7086 -- R/R: 1.54
Good luck!
Candlestick Definition History
Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma, a Japanese rice trader. They were introduced to the Western world by Steve Nison in his book, Japanese Candlestick Charting Techniques. They are often used today in stock analysis along with other analytical tools such as Fibonacci analysis.
In Beyond Candlesticks, Nison says:
However, based on my research, it is unlikely that Homma used candle charts. As will be seen later, when I discuss the evolution of the candle charts, it was more likely that candle charts were developed in the early part of the Meiji period in Japan (in the late 1800s).
Description
The area between the open and the close is called the real body, price excursions above and below the real body are shadows (also called wicks). Wicks illustrate the highest and lowest traded prices of an asset during the time interval represented. The body illustrates the opening and closing trades.
the asset closed higher than it opened, the body is hollow or unfilled, with the opening price at the bottom of the body and the closing price at the top. If the asset closed lower than it opened, the body is solid or filled, with the opening price at the top and the closing price at the bottom. Thus, the color of the candle represents the price movement relative to the prior period's close and the "fill" (solid or hollow) of the candle represents the price direction of the period in isolation (solid for a higher open and lower close; hollow for a lower open and a higher close). A black (or red) candle represents a price action with a lower closing price than the prior candle's close. A white (or green) candle represents a higher closing price than the prior candle's close. In practice, any color can be assigned to rising or falling price candles. A candlestick need not have either a body or a wick. Generally, the longer the body of the candle, the more intense the trading. A hollow body signifies that the stock closed higher than its opening value. A filled body signifies the opposite.
In trading, the trend of the candlestick chart is critical and often shown with colors.
A candlestick pattern is a special occurrence of one or more candlesticks on a candlestick chart, which have predictive nature in technical analysis.
Rather than using the open, high, low, and close values for a given time interval, candlesticks can also be constructed using the open, high, low, and close of a specified volume range (for example, 1,000; 100,000; 1 million shares per candlestick). In modern charting software, volume can be incorporated into candlestick charts by increasing or decreasing candlesticks width according to the relative volume for a given time period.
DENTBTC is forming Bullish DivergenceDENTBTC is forming Bullish Divergence
Buy At : 0.00000008/9
Target 1 :: 0.00000010
Target 2 :: 0.00000013
Target 3 :: 0.00000015
Target 4 :: 0.00000017
Target 5 :: 0.00000019
Target 6 :: 0.00000022
There is No Support level so there is no Stop loss.
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan