Candlestick Analysis — Trend Analysis — TradingView (2024)

GOLD (XAUUSD): Bearish Correction Continues

GOLD

, 60Short

linofx1

I see one more important intraday structure breakout. Gold has broken through a support cluster within a small horizontal range, indicating strong selling pressure and a bearish signal. Following a thorough retest of the broken structure, there is now a bearish response. I anticipate that the price will soon reach a level of 2562/2553.

19

4

Candlestick Analysis

Candlestick analysis focuses on individual candles, pairs or at most triplets, to read signs on where the market is going. The underlying assumption is that all known information is already reflected in the price. The technique is usually combined with support & resistance. Each candle contains information about 4 prices: the high, the low, the open and the close. A candle body reflects the net price movement between open and close while the wicks show reversals that occurred within the timeframe of the candle.

Each candlestick, therefore, provides an easy-to-decipher picture of the price action. The length of the wicks versus the length of the body in combination with whether a candle is bullish or bearish, can be used to determine a signal for the price action to come. Common candlesticks that are used in this analysis are dojis, spinning tops, hammers, engulfing candles, pinbars and inside bars.

Gold reached 1.272 at Daily

XAUUSD

, 240Short

tntsunrise

Gold reached 1.272 at DailyThe price of gold has reached the 1.272 at daily chart,and the price stopped around 1.272 point, and begins to fall.Therefore, sell gold when the price turn back around 2582SL: 2591TP1: 2520TP2: 2489

14

4

USD/JPY may squeeze if Fed delivers dovish disappointment

USDJPY

, 1DLong

FOREXcomBroker

USD/JPY looms as a prime squeeze candidate should the Fed disappoint on extremely dovish market pricing, not only likely to benefit from the probable uplift in US bond yields but also recent shifts in market positioning.USD/JPY staged a decent reversal on Monday after slicing through the Dec 28 low of 140.273, printing a hammer candle on the daily. With RSI (14)...

224

11

GBPUSD REACHED THE SUPPLY ZONE AT 4H

GBPUSD

, 240Short

tntsunrise

GBPUSD REACHED THE SUPPLY ZONE AT 4HGBPUSD price can not breakthrough the highest price,and nearly reached the supply zone at 4H and Daily.Therefore, sell GBPUSD around 1.3245SL: Above 1.3272TP1: 1.31TP2: 1.3034

USDJPY BUY OPPORTUNITY AT FOMC NIGHT

USDJPY

, 240Long

tntsunrise

USDJPY BUY OPPORTUNITY AT FOMC NIGHTThe inside bar breakthrough upward, and form a demand zone at 4H.Therefore, tend to buy USDJPY around 140.8 at FOMC nightSL: Below 139.53TP1: 143.72TP2: 145.6

7

1

CHFJPY: Important Breakout

CHFJPY

, 240Short

linofx1

CHFJPY has broken and closed below an important horizontal support level during the day. This broken level has now become a resistance, and there is a possibility of a significant bearish response after a retest. The pair is likely to continue its downward movement, with the next psupport level being...

6

2

EURUSD SHORT OPPORTUNITY AT FOMC NIGHT

EURUSD

, 240Short

tntsunrise

EURUSD SHORT OPPORTUNITY AT FOMC NIGHTEURSED cannot breakthrough the highest price before,and the price nearly touched the supply zoneat 4H chart, which is also the 1.13 point at 4HTherefore, short EURUSD when the price pull back around 1.116-1.118SL: Above 1.12TP1: 1.112TP2: 1.1075TP3: 1.1023

6

EURNZD: Local Bearish Reversal?!

EURNZD

, 240Short

linofx1

I noticed a strong bearish response to an important intraday horizontal resistance on the EURNZD chart. After testing the highlighted resistances blue area, the price began to consolidate and created a horizontal range on the 4-hour time frame. The support level was broken, indicating strong selling pressure, and the pair is now retesting it. We anticipate...

4

Nasdaq Thoughts 18-Sept-2024

NAS100

, 30

07:33

DrBtgar

Good morning everyone. Kindly find my trading zones for trading opportunities on Nasdaq today, I hope this gives you some position opening insights for today. Remember these are not signals and you use them at your own risk.

3

EURNZD: Local Bearish Reversal!

EURNZD

, 240Short

bellojrfx

I observed a significant bearish reaction at a key intraday horizontal resistance level on the EURNZD chart. After testing the highlighted blue resistance zone, the price started to consolidate, forming a horizontal range on the 4-hour time frame. The support level was breached, showing a strong selling pressure, and the pair is currently retesting that level....

2

USOIL LONG OPPORTUNITY

USOIL

, 240Long

tntsunrise

USOIL LONG OPPORTUNITYUSOIL breakthrough upwards,and formed a demand zone at 4H chartTherefore, buy USOIL when the price pull back around 70.4SL: Below 69.5TP1: 73TP2: 74.47

4

Dow Jones Index (US30): What to Expect from FOMC?

US30

, 240Short

VasilyTrader

Dow Jones Index is very weak ahead of FOMC today.The market is stuck within a horizontal range on a 4h time frame.Depending on the reaction of the price to its boundaries,I see 2 potential scenarios.Bullish ScenarioIf the price breaks and closes above 41820 - the resistance of the range,we can expect a bullish continuation at least to 42000...

2

1

little long setup on LUNA

LUNAUSDT.P

, 240Long

Professor_TradeSteinUpdated

we see a FVG on luna, which means its likely to bounce to the upside. its not much but still almost a 5 % move to the upside. this is my setup for that. leave comment below what you think about this setup.

2

1

GOLD {XAUUSD}: Bearish Correction Continues

XAUUSD

, 60Short

bellojrfx

I’ve noticed another significant intraday structure breakout. Gold has breached a support cluster within a tight horizontal range, signaling strong selling pressure and a bearish outlook. After a comprehensive retest of the broken structure, we’re now seeing a bearish reaction. I expect the price to approach the levels of 2553 soon.

1

GBPCHF SHORT

GBPCHF

, 60Short

mcfx20Updated

M Bearish, price below Emma's bearish since June, previous M had a huge wick to the downside I expect to fill somewhat fifths position plays out.WThree consecutive weeks price has failed to close above 1.1180 area with this current week also rejecting this area. Price is below Ema's and very strong key area around 1.1170.DPrice is currently sitting on...

2

3

NQ - Tight Range That Will Break

NQZ2024

, 1D

03:42

LegendSince

$19,926 is an area of importance when looking at a continues run through buyside liquidity.However, we have seen stagnant price movements throughout this week which is giving me the indication a big move is to come shortly...

1

Gold Thoughts 18-Sept-2024

XAUUSD

, 30

08:57

DrBtgar

Good morning everyone. Kindly find my trading zones for trading opportunities on Gold today, I hope this gives you some position opening insights for today. Remember these are not signals and you use them at your own risk.

1

EURJPY ANALYSIS

EURJPY

, 60Long

04:34

Technicalrayner

After seeing EURJPY close above 157.500 and breaking the 4hr area of structure, we could expect this pair to continue higher into 160.000 seeing that the momentum on the daily is bullish.

2

Candlestick Analysis — Trend Analysis — TradingView (2024)
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