Tags » Doji

Trade Setup: EUR/GBP - 23 Sep 2016

Trade Setup: EUR/GBP – 23 Sep 2016

Candle Stick Pattern: Shooting Star, Doji and then confirming by closing below at (1)
Confirmation:

Touched outer band of Bollinger Band at (1).

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The spinning top

The spinning to is a neutral pattern consisting of a short body with long wicks. This candle shows less indecision then the doji, which is a reversal pattern, which means it should be used as more of a consolidation candle in a trend and following candles should be watched closely.

Forex

Trade Setup: EUR/CAD - 13 Sep 2016

Trade Setup: EUR/CAD – 13 Sep 2016

Candle Stick Pattern: Upthrust & Doji at (1)
Confirmation:

Touched outer band of Bollinger Band at (1).
Retesting previous resistance.

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Trade Setup: AUD/JPY - 6 Sep 2016

http://www.myfxguide.com/trade-setup-audjpy-6-sep-2016/

Candle Stick Pattern: Dark Cloud Cover at (1) and Doji at (2)
Confirmation:

Stochastic overbought range at (3), also confirming divergence at (3) & (4). 24 more words

The Doji

The doji candlestick is a sign of indecision with neither the buyers and sellers having control of the market, causing the session to open and close at the same price producing a doji candlestick. 172 more words

Forex

Miner Correction

The Miners formed a swing high on Tuesday following Monday’s Gravestone Doji.

Not all swing highs mark a cycle peak, however a cycle cannot peak without printing a swing high. 223 more words

Nifty... Bottom out

Today it looks like nifty forming it’s base around 7430 level. It is showing positive diversion on RSI and today formed Doji on daily chart. 22 more words

Analysis