Hello dear hussin, good to see you back. desperate, sorry for bad analyses eur/cad. Or should I say, marked is wrong ? Today we have seen break of trendline on 4 h chart, and a daily bullish engulfing candle. All this are not signal, not ...

Daily candle chart

Hi john, yes of course. If you see a row of red candles, and the last candle is a green one, this is indication of change in trend. This is in general, not necessarily for GU. But I`am expecting a doji line, and maybe further drops for GU (without ...

Daily candle chart

I watch at monthly candles, when monthly candle is closed, just to get a "feeling" for direction (based on candles bodys, wicks, color, maybe a candle pattern). I am very interested to see this monthly candle, especially the color.

Daily candle chart

Hi Dpip, very welcome I think hussin is drinken white wine, and eating nice fish Sometimes he is taking a break at holiday house at the sea, I think.

Daily candle chart

Hi John, very well spotted ! First, part of definiton for dark cloud cover, taken from "Encyclopedia of Candlestick Charts" by Thomas N. Bulkowski: Number of candle lines: Two. Price trend : Upward leading to the start of the candle pattern. First ...

Daily candle chart

E/J: If a shooting star is not successfull, this shows us power of the bulls. It does not mean, that this shooting star has failed, but longterm scenario shows more upmoves. We have a very strong confluence at >140. We may say this shooting ...

Daily candle chart

Holla eswap, I am not a specialist in this question, but a daily candle is 24 h. When it start, and when it ends, depends on your broker (where he is located). Sunday daily candle is very short for my broker (only 1 h) (example chart attached). ...

Daily candle chart

thanks baz, In the ellipse you marked, I can see an up candle followed by a doji, If I see an upmove, I am expecting further upmoves, if this not happens, liwith signal of a doji, this could have been a signal for bulls weakening. But this is 4 h ...

Daily candle chart

coincident no, honestly, I have learned not to trade against the trend of the higher timeframes (weekly). So sometimes best is not to trade, sometimes for days. It seems, the euro has a lift off.... maybe a piercing line, but most ...

Daily candle chart

I was reading a book and found this explanation af a harami. I think in your chart it was not a harami, but the effect was like a harami "The harami pattern has a small body (black or white) that fits completely into the big (black or ...

Daily candle chart

yes. look at those bodys of the last 4 h candles on the yen. They are pretty small, this means opening price and close price during this time are very near by. Price is indicision where to go. If you see in a row of candles the bodys of the candles ...

Daily candle chart

notice bullish engulfing on 4h eur/usd chart at the bottom of the channel. Don´t forget importend eur news today in calender.

Daily candle chart

carfully with this shooting star on the yen. Hussin said sometimes, sellers will start, if price breaks (goes below) the low of a daily shooting star. But also look at the last 4 h candle. I have a big problem, to trade against the weekly ...

Daily candle chart

I like to draw your attention, to the CAD. We have diskussed here before, but right now, the USD/CAD is on the edge, because it is sitting on a major supporting trendline. So how could candlestick give us information for further direction of Cad ? ...

Daily candle chart

Hi baz, I don´t think so. "Harami", if i remember right, the meaning is "birth of something new". Well, something like this. But I can´t see something new (change in trend). The usd starts falling 4h, and the pound has a broken 4 h bearish candle. I ...

Daily candle chart

Hope you took some nice profits. Its early morning here, and money was made while sleeping

Daily candle chart

your chart is clear, and I have the same breakout scenario and fibo-extension targets on my chart, but lfxjpy is entering an old resistance area, and price never goes in a straight line....so I`am a bit doubtfull. I have to go to bed ...

Daily candle chart

I hope you trade demo or small money, because I will not be responsible, if some news will destroy everythink, forex is high risk, and every trade should be decision of the trader on its own. Please read a good book from Mr. Steve Nison about ...

Daily candle chart

Hi tony, maybe some options or bets on futures are running off these days in japan, or some other fundamental news from economic. I see the monthly candles (they are not done yet !), saying that there is a true reversal (+ double top on weekly ...

Daily candle chart