Daily Trading Advice

  • R1:1.2803 | R2:1.2880 | R3:1.3095

    S1:1.2707 | S2:1.2609 | S3:1.2510

    Sell @ 1.707 TP: 1.2803 SL: -

    EURUSD Strategy
    May 11th
     

     

  • R1:1.4886 | R2:1.4958 | R3:1.5054

    S1:1.4764 | S2:1.4680 | S3:1.4645

    Sell @ 1.4764 TP: 1.471 SL: 1.450

    GBPUSD Strategy
    May 11th
     

     

  • R1:93.57 | R2:94.03 | R3:95.00

    S1:91.64 | S2:90.83 | S3:89.90

    Sell @ 92.70 TP: 91.65 SL: 93.27

    USDJPY Strategy
    May 11th
     

     

Central Bank rates

USD 0.25% JPY 0.10%
EUR 1.00% CHF 0.25%
GBP 0.50% CAD 0.25%
AUD 3.75% NZD 2.50%

Candlestick bear reversal patterns

Pattern Name How to identify Pattern picture

Bearish Tri Star

(next candle is bearish)

All three days are doji days.

Second day gaps above the first and third days.

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Bearish Two Crows

(next candle si bearish)

First day is a long bullish candle.

Second day gaps up and is bearish.

Third day is bearish and opens inside the body of the second day, then closes inside the body of the first day.

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Bearish Upside Gap Two Crows

(next candle is bearish)

first day is a long bullish candle.

Second day is bearish and gaps above the first day.

Third day is bearish and opens above and engulfs the second day. 

Third day closes above the close of the first day.

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Bearish Doji Star

(next candle is bearish)

first day is a long bullish candle.

Second day is a doji day that gaps above the first day.

The doji shadows shouldn't be excessively long.

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Bearish Harami Cross

(next candle is bearish)

The first day is a long bullish candle.

The second day is a doji day that is engulfed by the first day's body.

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Bearish Meeting Lines

(next candle is bearish)

first day is a long bullish candle.

Second day is a long bearish candle and closes at the first day's close.

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Bearish Belt Hold

(next candle is bearish)

Long bearish candle where the open is equal to the high.

No upper shadow.

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Bearish Hanging Man

(next candle is bearish)

Small real body at the upper trading range. Color of the body is not important.

Long lower shadow at least twice the length of the body.

Little or no upper shadow.

Previous trend should be bullish.

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Bearish Tweezer Top

(next candle is bearish)

first day consists of a long body candle.

Second day consists of a short body candle that has a high equal to the prior day's high.

The color of each candle body is not considered in the matching of this pattern.

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