Price Action - Chart/Candlestick Patterns

Quoting heinrich113

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Hi everyone! So glad to join your forum! This is my first time sharing anything so please bare with me. Looking at USDJPY today. On the 4H we can see price breaking through a down trend line at 127.651. This breakout was confirmed by the retest on the same trend line signalling an upwards movement, which it did. This shows the start or a strong up trend. Resistance was found at 128.643, came down and shot right trough the resistance zone. Price then retested the resistance zone(Now support). In the hour timeframe I found a good retest and entered...

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Quoting heinrich113

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I only got to my laptop now but I just wanted to update you on the trade I took earlier. I am starting with a small account so I didn't want to risk to much yet. I closed my trade at 129.437. Opened the trade at 129.060. A quick 37 pips. When I saw the big bear shooting star I wasn't to sure how far the pull back would be so because it also formed at one of my resistance lines. Now, I am waiting to re-enter a buy at 129.552 once the pull back is completed. {image}

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Quoting pipibrasci

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{quote} GBPUSD H4 Updated. Price Objective/Target for Ascending Triangle which coincides with Price Objective Target for Falling wedge has been fulfilled. I guess its time to rekindle Price Target Objective for *Descending broadening wedge which is around 1.2760 - 1.2780 but at the same time current mkt structure (uptrend) displays a rising wedge pattern. Rare cases of price breaking out of rising wedge to the upside. BOS lower line could validate RW. BOS upper line could validate DBW. Lets watch closely. {image}

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Quoting pipibrasci

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{quote} GBPUSD H4 Update Pair still floating. Pound holding firmly onto that support area 1.2560. Lets see if it can hold it much longer. {image}

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Quoting pipibrasci

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{quote} GBPUSD H4 Update Pair still floating. Pound holding firmly onto that support area 1.2560. Lets see if it can hold it much longer. {image}

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Quoting pipibrasci

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{quote} GBPUSD UPdate H4 Support broken. Likely 1.2490 could be next target {image}

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Quoting pipibrasci

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{quote} GBPUSD M15/ H2 {image} {image}

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Quoting pipibrasci

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CADYEN H4 {image}

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Quoting pipibrasci

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{quote} CADYEN Update H4 {image}

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Quoting heinrich113

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I only got to my laptop now but I just wanted to update you on the trade I took earlier. I am starting with a small account so I didn't want to risk to much yet. I closed my trade at 129.437. Opened the trade at 129.060. A quick 37 pips. When I saw the big bear shooting star I wasn't to sure how far the pull back would be so because it also formed at one of my resistance lines. Now, I am waiting to re-enter a buy at 129.552 once the pull back is completed. {image}

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Quoting pipibrasci

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{quote} Target Achieved. Trade closed +48pips {image}

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Quoting pipibrasci

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{quote} NICE move on the USD/JPY H4. Hope you caught this one. {image}

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Quoting pipibrasci

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{quote} Target Achieved. Trade closed +48pips {image}

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Quoting pipibrasci

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{quote} CAD INDEX H8/H4* Hoping to go against the CAD soon matched against stronger currencies. Maybe after the news and may not be today. The CAD still looks strong. Quasimodo in play if price breaks below resistance area. lets see how far up it can go. {image} {image}

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Quoting pipibrasci

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{quote} GBPUSD H4 Bearish Pennant with price targets coinciding with that of rising wedge. Failed pennant scenario could take price back to 1.2560. {image}

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Quoting heinrich113

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Entered this pair this morning. I have been watching it since yesterday afternoon waiting for it to retrace back to the trend line, should go bearish once the retest is complete. It retested earlier and I entered my sell at 0.71434. It then jumped back up so its running in losses at the moment but I hope to see it going down soon. {image}

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