Daily candle chart

eur/usd

I was stopped out on eur/usd an reversed, catching the nice move up.

But now eur/usd is at an area of resistance, so question is, if trend is strong enough to break throug and move much higher. Staying on the sideline at the moment. 4 h candle has potential for pushing eur/usd down.

Maybe ranging next week ?

I can not see a candlestick pattern for GU. I see s nice uptrend which next resistance is ~1.62-1.64 area. Not in a trade yet.

Lets have a look at gbp/lfx and usd/lfx next.

the daily candlestick shows us a hanging man followed by a bearish candle.
Both candles have nice long lower wicks, showing us pressure from the bulls.

I`am expecting a sideway-downward move till 2.852. There is weekly resistance above.

Not in a trade yet, I will go long after a retracement has appeared.

The question for usd/lfx is, where is support, for the next wave up, before continuing down....

Monthly pattern is very much clear a 3 bearish crow pattern, but monthly is not finished yet.

On weekly chart I see support right at the moment (watch 4 h candle !),
and next 1.80. Below this i see support 1.77.

I`am strong bullish at the eur/lfx, and in a long trade since I have seen those 2 red candles with small bodys and long wicks. Currently we see 3 marching soldier pattern. My target is 2.5580.

edit: after zooming out, I changed my target for 2.5840-2.5850.

I think history might repeat for lfx/jpy. This means yen continue to weaken (in chart lfx/jpy this means price will rise/go up).

On weekly chart I see next resistance 54.232

If eur/lfx is strong bullish and the yen continues to weaken, good trading opportunity is eur/jpy.

I have next stop for eur/jpy at 137.50-138.

It is worth to have a look at the monthly candlestick:

Mr. Bulkowski said in his good book "Encyclopedia
of Candlestick Charts":

"A rickshaw man is a long-legged doji, but a long-legged doji isn’t necessarily a rickshawman."

"A doji candle is one in which the opening and closing prices are the same or nearly so. A rickshaw man is a doji with exceptionally tall upper and lower shadows and with the body centered in the candle."

A rickshaw man has a reliability in a bull market: 51% of the time.

This is nearly random

I agree totally Peter the $ has fallen sharply because there has been no support we are at a minor area and I see the same 1.77 area as the next real support.It seems we are in the process of a daily pullback which needs to clear the 1.8300 ...my feeling is it will.

The Weekly made a significant move last week .
The Daily has these wicks to the South which would normally be bearish only since were right on support ..?Daily lows are getting Higher.
Price is being squeezed ...
Since we have broke up on the weekly if a correction is coming I really think it will be swift maybe a day or two.

The Eur is tight up against res.Can it close bullish today ,2.5500 is a key level.

Hussin, Peter, Bones, John & all... Thanks for continue sharing your knowledge
Im learning step by step
Regards.

you are welcome analyzer

What is difference between this 2 dojis ?

the weekly candle last week

It dose not surprise me to find everywhere I look there seems a set up about to happen.
The CAD also at a intresting piont ,daily suggests down with Harami
May be on all these set ups daily down before weekly rise..??

hm....but imagine, if this trendline breaks.... Its the fourth time, we knock
on it

On the 4 h we have in inverted hammer....

My SL is below the red line, very close.

aud/cad:

I think the 4 h is hammer now, but the daily...hm, morning star ?

I`am bullish on this one.

hello house, been a very very dull market day today, hope you guys made green pips?

any analysis by anyone on EURUSD AND GBPUSD?

well, i am seriously buy biased on this 2 pairs ,been the major pairs i trade, although not much movement in the market today may be because of the holidays in the usa but i am in the bull camp for this pairs although daily candle for eurusd at the moment looks like a doji and daily candle for gbpusd looks like a long legged doji as i am typing right now.

any suggestion highly welcomed

Hi There, Hope everyone's had nice extended weekend.
Today's candle has very low range with almost no real body so it's safe to say it's a star (evening start ?? admittedly there's no gap here and the lower shadow is a little bit too long....) preceded by a spinning top and hangman reflecting a definite force diminution of the bullish trend.
If it's confirmed by a subsequent long black line we might want to start calling it an "anti"-rain drop...? As of now without the confirmation it's a stalled pattern in my view.

As a side note the volatility as measured by the ATR has been rapidly dissipating today as well.

I have seen to many shooting stars after a hanging man....

Short below a solid close below the low of the hanging man,
patience is in play.