NZDUSD Sell Opportunity I've noticed a doji star candle on the weekly chart. So I believe that the NZDUSD will drop down to test major support area of 0.7050.
Doji
AAPL (Daily Chart) Looks bearish on the daily here even tho AAPL has been stronger stock as of late. Showing an inside day doji candle w/ a neg. close from the open which shows indecision to bearish sentiment. If strong stocks breakdown or leaders of the market then what does that say about the market in general? Could be an early sign of a retrace in the markets or at least a short-term retrace here. AAPL looks to retrace to around 114.50 which is near the 8dma.
AUDJPY - Rising WedgeSteep increase in prices, H4 formed a doji followed by a series of bearish candlesticks. The rising wedge pattern is not yet completed as a potential to move back to 78.80 - 79.02 is likely. Still, expect to see a reversal here for AUDJPY to target 78.00 followed by 77.40
Bearish Bat Chart Pattern + doji and inverted hummer pattern The pattern is completed. Doji and inverted hummer are going to support the chart. Loooking Closely
Move down after double doji & resistance lineVery interesting trade from the resistance line is coming.. in case it opens down I will enter 56.11 (and lower), stop loss at 56.68, target 29.55
Gold, showing weakness to the upside4-Hour chart in XAUUSD shows the head and shoulders formation after strong momentum led gain. 1340 is the line in the sand on the 4-hr time frame. A ' Close ' above 1340 will invalidate the pattern and further gains can come on a breakout above 22/09 doji high of 1342.56.
The doji inside bar on daily is currently forming indicating a potential building up of price momentum. If the head and shoulders is validated, by a breakout below 1336, then expect declines to 1331.13, marking the 22/09 doji low followed 1324, which completes the downside correction.
Nifty Forming Gravestone Doji - Indicating Change In TrendOn weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend or "Party over for bulls" for a short time.
Gravestone Doji :
1. Formed when opening and closing price are almost equal.
2. Long upper shadow suggests that buying pressure was countered by high selling pressure, rejecting higher prices
3. This candles indicates turning point of a trend, known as bearish reversal candlestick
In all, bulls pressure to take prices up has been completely rejected by sellers waited at resistance, indicating change in trend.
USD/JPY 4HR Reversal Entry - Upside TradeWe can see price hit resistance in previous structure and has now formed a very exhausted 4HR candle indicating that the upside is now in view.
Oil and Gold have reversed their bearish Dollar runs and the USD index is also picking up which adds further weight to a long trade.
Good luck!
SPX500Daily Chart:
- The pitchfork worked well, and we don’t have a price failure
- Currently in a downward wedge, might be able to determine a direction tonight due to NFP
- The double top pattern seems to be working, with a target pretty close to the key support level of 2153.5
- Quite close to test the 50MA. Break could result in another deep drop
Weekly Chart:
- Still in an extremely long-term rising wedge since the crisis (weekly chart), currently at the top part of the pattern
- The 2 pin-bar in the chart suggested the demand is extremely high at ~1800 and ~1980 levels
- However, we also have two Doji candles currently, indicating a potential px reversal formation
- Previously monthly trendline was only broken when the financial crisis was coming. So the monthly trendline would be hard to break but expect more retesting in the following months due to the wedge pattern.
SPY - DRAGONFLY DOJI FOLLOWS HAMMERYesterday, we highlighted a hammer candle on the SPY ETF and today we get a rare Dragonfly Doji candlestick pattern. Both patterns are reversal patterns, where bulls push stocks back to the opening levels, after initial weakness. This, paired with bottoming slow stochastics (for example) makes us bullish ahead of NFPs tomorrow.
AZO AUTOZONE WITH A TEXTBOOK DOJI - BULLISH REVERSALAutozone stock is one of the most oversold in the S&P500 and yielded a textbook doji candle today. Tuesday's supports were successfully tested. I'm looking for a bounce into moving averages at 770 and/or 790.
$AZO AUTOZONE DOJI WATCH - POSSIBLY A REVERSAL IN THE MAKINGSDoji watch: a doji in the makings after last week's selloff and very oversold readings. A close around these levels here at $753 could yield a bullish reversal doji.
GXG Near-Term Bearish in Bullish Long-Term ContextDeadly bearish gravestone doji on Friday, which also rejected the neckline to a potentially large and bullish inverse H&S pattern. Either way I stay cyclically bullish given my work on the weekly and monthly charts, as well as developments in EM in general. Short-term however, this one sees bearish follow-up on Friday's candle and could pull back towards $9 worst case $8.50/.30 for great entry points.
Down underAfter a trip along the side of the Bolli band, aussie seems now ready for a nice short. The shape of the last two candles and the fact that he's soon to go back to the sub-100 region of the commodity channel are factors enough to think about shorting it.
A couple of fibs converge on the price labels shown.
Like to hear your comments.
EURAUD BUY-SETUPBuy EURAUD
Reasons to buy:
- Support-zone at 1.44/1.45
- Double-bottom forming
- Lowtest-Doji
- Bullish macd-divergence
Exit points:
1.48
1.51
EUR/GBP | 12 August 2016 | - Previous structure high big turning point after brexit
- Market printing a clear range between brexit high and low @0.83289
- Bullish rally from 0.83
- Price stalling on all timeframes especially the daily printing indecision / strong wick rejection at this level which we'll be using for our entry signal
- Entry at the low
- Stops above the most recent high
Just Dial - Breaking out Down Trendline on Daily Chart (BUY)The price action has reached to the bottom and now we have noticed a breakout from a prevailing downward trendline which indicates a positive sentiment emerging in the price action. I have also noticed a MACD crossover and also RSI getting out from oversold areas. This also indicates positive sentiments. On weekly and Monthly chart I noticed a double bottom and doji formation, that signals a trend change.
It is trading at good risk reward and it is wise to take positions on current levels.
Target 1 : 600
Target 2 : 630
Stoploss : 540
Fist's Wave Trend - StochRSI - Harami KillerJust a combination of indies. The faster moving StochRSI can be used a trigger signal for Wave Trend confirmation of Price Action. Interesting to play with settings on different time frames - as always, whatever works for you. Can probably be helpful for binaries from 1M upwards.
Fist's Harami Killer v.2 with EMA6/100Just a tweak on the orginal with clearer bull/bear harami arrows. No suggestion on how you should trade it - it's just an indicator, not a strategy ! For 1m and 2m binaries, it's quite good at picking out next candle, but most with trend . Anyways, nothing to write home about. Trade smart.
Fist's Harami Killer with EMA6 by the Fist of KhanSimple harami and doji indicator adapted from Repo32 Candlestick Identifier - a great piece of work and awesome respect to the originator. This script only shows harami and doji for use with Heiken Ashi in above/below comparison to traditional candlestick chart.
It leaves a clean chart without too many distractions so you can concentrate on price action.
A useful indicator for trading next candle/s in direction of trend off doji or harami. Use Shiva Krishnan's EMA6 method for additonal confirmation.
Publishing at 15M but works well on shorter time-frames.
Please do not just follow the dojis and haramis - general price action needs to be taken into consideration, of course. And please test your own strategy.
