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USD/JPY Price Forecast:
The US Dollar (USD) is trading slightly lower against the Japanese Yen (JPY) on Friday, with the USD/JPY hovering around 144.50 in subdued holiday-thinned conditions as US markets remain closed for Independence Day.
Despite the intraday dip, USD/JPY remains comfortably above the lower boundary of a symmetrical triangle on the daily chart, marked by lower highs and higher lows since April. This suggests a slightly positive outlook ahead of the weekly close, particularly with the weekly candle forming a long-legged doji, indicating the ongoing tug-of-war between bulls and bears.
The symmetrical triangle pattern suggests that while neither bulls nor bears have taken firm control, as price approaches the triangle’s apex. The 50-day Exponential Moving Average (EMA), currently hovering around 144.90, acts as immediate resistance.
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Читать полностью…Advantages & Disadvantages of the Triple Top Pattern 📊
Advantages of Triple Top:
1. Strong Reversal Signal
2. Low-Risk Entry Opportunity
3. Easy to Identify
4. Works on Multiple Timeframes
Disadvantages of Triple Top:
1. False Breakouts or Fake Patterns
2. Requires Additional Confirmation
3. Slow Formation
4. Less Effective in Highly Volatile Markets
The Triple Top is a useful pattern for identifying potential reversals, but it should always be combined with other technical trick and market sentiment analysis to avoid false signals.
What is a Momentum Candlestick in trading ? 📊
A momentum candlestick refers to a candlestick that shows strong directional price movement within a specific time frame.
Characteristics of a Momentum Candlestick:
1. Large body
2. Little to no wick/shadow
3. Breaks key levels
4. Accompanied by high volume
Example Situations:
• Bullish Momentum Candle
• Large body going up
• Breaks resistance
• Shows aggressive buying
• Bearish Momentum Candle
• Large body going down
• Breaks support
• Sellers are in control
It usually forms when there’s high volume and strong buying or selling pressure in the market.
LET'S LEARN CANDLESTICK PATTERNS
✅Today's Topic - Marubozu
A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick).
The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body.
Criteria for spotting this robust pattern:
1️⃣ Long body with no upper or lower shadows.
2️⃣ Color can be bullish (green/white) or bearish (red/black).
3️⃣ It's a clear signal regardless of its position on the chart.
📈 A bullish Marubozu, known as a White Marubozu, signifies strong upward momentum, while a bearish one, the Black Marubozu, indicates robust downward pressure. 💪📉
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🔴More Coming Soon
LET'S LEARN CANDLESTICK PATTERNS
✅Today's Topic - The Inverted Hammer Candlestick
🕯 The Inverted Hammer, a lone optimist in candlestick form! 🤔🔨
This bullish reversal pattern emerges in a downtrend, where the open is lower, the price climbs, yet closes near the open.
📉 After a prolonged downtrend, an Inverted Hammer signifies limited downside as the price surged but retraced, showcasing buying pressure. 🚀💰
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Benefits of the QM (Quasimodo) Pattern in Trading 📊
The QM pattern is a popular price action setup used by traders to identify high-quality entry points with low risk. Here are the main advantages of using the QM:
1. High Risk to Reward Ratio
2. Strong Reversal Signal
3. Fits Well with Supply & Demand
4. Easy to Spot
5. Used by Smart Money / Market Makers
The QM pattern is very powerful when combined with multi-timeframe analysis, confirmation candlesticks, and awareness of current market sentiment. It’s not just a pattern, it’s a signal of a shift in control between buyers and sellers ✅
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It is hard to see a millionaire who doesn’t want to make another million and it is hard to see anyone in crisis who doesn’t want to get out of the crisis.
Happy New Week Traders 🌅
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LET'S LEARN CANDLESTICK PATTERNS
✅Today's Topic - The Engulfing Pattern
The Engulfing pattern is formed by two candles, where the body of the first candle is “engulfed” by the body of the second candle.
An engulfing pattern is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of an uptrend or downtrend.
There are two types of engulfing candlestick e patterns:
1️⃣ Bullish Engulfing pattern
2️⃣ Bearish Engulfing pattern
🐂 Bullish Engulfing: A bullish delight at the downtrend's bottom, signaling a surge in buying.
🐻 Bearish Engulfing: Its counterpart in the uptrend's peak, foretelling a surge in selling.
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HELLO AND HAPPY WEEKEND BUDDIES😊
Let's focus on 🪙investment_promo_plan today. so new members who are ready to invest can make their enrollment now to join 👇👇
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Читать полностью…Answering the questions, “Who are you?” and “What’s going on here?”
You probably think the crypto market is just one big circus where everyone promises you the moon, but in reality, it all ends in another scam. I get it. I’ve been there too—sitting on the other side of the screen, watching those wild price swings, trying to make sense of the chaos. Back then, I was grinding as an office clerk, pulling in $4k a month, and assuming that the only people making money in crypto were either scammers or lucky gamblers (you know, like a casino).
But, well, life had other plans. One day, things started to shift. Thanks to my math background, I landed a junior analyst gig with a well-known market maker (not naming names, but you can probably guess 😉). Worked my way up to senior analyst, and that’s when the light bulb went off—I got to see how the market really works.
Turns out, predicting price moves isn’t some mystical shaman art—it’s actual science. It’s all about technical analysis and understanding crowd psychology. Sounds simple, right? Well, kinda… but not really.
Now, I know what you’re thinking: “If you’re such a successful trader, why are you sharing this stuff?” Fair question.
Honestly? The reason’s pretty basic—I got sick of watching all these fake “gurus” trying to trade. Decided it’s time to show how the pros play this game. Call it a personal challenge, if you will. Although… if it were really a challenge, I’d probably be going toe-to-toe with guys from GS, JPM, etc. But hey, you gotta start somewhere 😅
For those curious, here’s the TL;DR on my strategy:
⏺️Scalpers—this ain’t for you
⏺️Shitcoin chasers—keep moving
⏺️Zodiac traders—yeah, you’re in the wrong place too
🟢Everyone else—welcome aboard.
My strategy is all about mid-term trades, combining technical indicators with market sentiment analysis. Over time, I’ve hit a success rate of over 90%, with a max drawdown of 15% and a Sharpe ratio of 5.03. Pretty solid stats, right? But the real flex is the consistency and knowing exactly what you’re doing.
Oh, and leverage? Futures? Nope, not my thing. You can rack up gains just fine without them. But hey, if you like living dangerously, go for it.
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SUPPLY & DEMAND 📊
In Supply & Demand we have 4 Structures which is what?
📌 Rally - Base - Rally
📌 Rally - Base - Drop
📌 Drop - Base - Tally
📌 Drop - Base - Drop
And also we have 2 Zones
📌 Supply Zone - SELL
📌 Demand Zone - BUY
For supply & demand, we can entry based on M5 time frame and above.
A hammer candlestick is a bullish reversal candlestick pattern that suggests a potential upward price movement after a downtrend. It appears as a candle with a small body at the upper end of the trading range and a long lower wick, resembling a hammer. The long lower wick indicates that sellers initially drove the price down, but buyers then pushed it back up, closing near the opening price.
It appears after a downtrend, signaling a potential bottom and a possible reversal to an uptrend.
Meaning:
The long lower wick suggests that selling pressure was strong during the period, but buyers ultimately overcame the selling and pushed the price back up, indicating a potential shift in market sentiment.