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 bull continuation patterns

 Pattern name Identification method Pattern

Bullish Mat Hold

(next candle is bullish)

First day is a long bullish candle. 

Second day is a bearish candle that gaps above the First day. 

The next two days are small body candles which trend lower and stay within the range of the first day. 

The last day is a bullish candle which closes above the previous four day's range.

 alt

Bullish Rising Three Methods

(next candle is bullish)

First day is a long bullish candle. 

Three small body candlesticks follow the first day. Each trends downward and closes within the range of the first day. 

The last day is a long bullish candley and closes above the first day's close.

 alt

Bullish Three-Line Strike

(next candle is bullish)

First three days make up the Three bullish Soldiers formation. 

The last day is a bearish candle that opens above the third day and closes below the first day's open.

 alt

Bullish Side-by-Side bullish Lines

(next candle is bullish)

First two days are bullish candles with an up gap between the 1st and 2nd day.

Third day is a bullish candle about the same size as the second day, opening at about the same price.

alt

Bullish Upside Gap Three Methods

(next candle is bullish)

First two day are long bullish candles with a gap between them. 

Third day is a bearish day that fills the gap of the first two days.

alt

Bullish Upside Tasuki Gap

(next candle is bullish)

First two days are bullish candles with an up gap between the first and second day. 

Third day is a bearish candle which opens within the body of the second day and closes within the gap between the first and second days.

Third day should not fully close the gap.

 alt

Bullish Separating Lines

(next candle is bullish)

First day is a long bearish candle. 

Second day is a bullish candle that opens at the opening price of the first day.

 alt