Tweezer Top Candlestick Pattern - Secrets of trading forex

(Cont.) Strategy Analysis and Prep GJ - 11.11

(Cont.) Strategy Analysis and Prep GJ - 11.11
11.10.2019 analysis: https://www.reddit.com/Forex/comments/duoc68/uthefrozen_one_strategy_analysis_and_prep_gj/

DAILY SUPPLY AND DEMAND ANALYSIS

Monday - Definitely a day ruled by the bulls. Referencing my last post, there was not a whole lot that my trade entries (chosen before market) allowed me to do. A bit past the upper side of my chosen entry zone you will see a double top, and on the M5, it makes a pretty clean M pattern. However, because it was so extended, I simply didn't want to jump in and "Guess the Top". Those with better analysis than I may have seen the turning point as the perfect short, as it lined up with a high made on Nov 7 at about 10:45 just perfectly. Personally, I think it is difficult to decipher demand from noise on the M15, but today was a learning experience, as I was surprised to see so many levels blown out of the water by London's early moves. Lessons learned.
Anyhow, not much changed here in the larger time frames. Daily chart and H4 are creating a very nice volatility tunnel. A true tease, the guppy is not giving us much here. What really bothers me? On the daily chart, it looks as though the nearest upward spike peaked on Oct. 21. Look left and what do you see? Not a whole lot. Nothing in the way of major supply to stop the impulse we saw. Much like banks build their order book in the JPY session (depending on who you study), this appears to be the same thing only on a grander scale. Is the lack of supply/selling pressure enough to see this to 147.xxx in the coming month, or would the banks rather average down to better supply/price before making that same move...

POSITIONING OF POTENTIAL ENTRIES:

This pair is in a lot of noise, and as such, like yesterday, I am truly thrown off about whether to choose a long or short bias. Rather, I will simply determine two points at which I feel I have both allowed myself to allow the market to make its move as well as allowed for the over extension necessary for good R:R.
To the short side, I like an entry of around 140.58. The red "1", "2", and "3" represent any unfilled orders in the near term. the 3rd level is the most opportune in my humble opinion. Beyond that, there is significant room to run, so I will be looking for good signs of reversal before making my entry.
To the long side, I am more cloudy. At the very least, the US/AUD low provides some simply stop hunt opportunities, but this is not as far out as I'd prefer. the M15 Proximal demand zone shows a fairly text book rally-base-rally. However, being on the M15, I am not putting much behind it other than a zone to watch should the long stop hunt move get blown by. The 3rd level of demand listed with the Blue "3", provides a location with unfilled stops that stand the most to lose given the last trading day.

https://preview.redd.it/2bwwnzutj6y31.png?width=1915&format=png&auto=webp&s=dd16179dd0516b773abc6b099f572e03d8b4c2c8
All that said, I will wait and see which direction the market surges in London open (if at all), and then prep myself for the fade. Having looked through u/thefrozen_one trades, I am going to be looking for the following to assist my entry:
  • Sharp rejection at my chosen entries - I am still learning how to place these, so I will also be looking left for structure to provide confluence to my analysis in the moment.
  • M/W patterns on the M15 or M5
  • Tweezers/long wicks - again, looking for confluence here and not blindly trading wicks.
I appreciate those who entertain my rambling. At this stage, I am not anywhere near predicting the next move. However, this has been my first opportunity to consistently keep myself honest in analyzing and tracking a forex pair, free of indicator madness. I am excited to see my rather dry and ambiguous observances mature into confident bias with which I attack daily trades.
Green pips to all!
submitted by Rich_Foamy_Flan to Forex [link] [comments]

Tweezer Tops and Bottoms Candlestick Pattern  Tani Forex Price Action Tutorial in Hindi and Urdu Tweezer Tops & Tweezer Bottoms Candlestick Chart Patterns Tweezer Tops and Bottoms Candlestick Chart Pattern Tweezer tops and bottoms Candlestick [How to use] How to Trade the Tweezer Top and Bottom

Tweezer: A pattern found in technical analysis of options trading. Tweezer patterns occur when two or more candlesticks touch the same bottom for a tweezer bottom pattern or top for a tweezer top A Tweezer Top is a bearish reversal pattern seen at the top of uptrends and consists of two Japanese candlesticks with matching tops.. The matching tops are usually composed of shadows (or wicks) but can be the candle’s bodies as well. A Tweezer Top occurs during an uptrend when buyers push prices higher, often ending the session near the highs, but were not able to push the top any further. A tweezer top “fails” when a new high is achieved immediately after completion (candle), and a tweezer bottom “fails” if the next candle achieves new low How to Use Tweezers to Place Trades Tweezers, as in all candlestick formations, are most effective when found at previously established support or resistance. The best site to become sucecessful in Forex. Forex; Crypto; Signals; Market Update. Forex Market Updates; Crypto Market Analysis; FX Options; Education. Forex Education; Crypto Education; Forex Daily Topic; Tag: tweezer top. Tweezer Top/Tweezer Bottom and Fibonacci Levels. Tareq Sikder-17 July, 2020. In today’s lesson, we are going to demonstrate an example of a Tweezer Top forming at a significant Fibonacci level. We’ll find out the impact of a tweezer top in the chart. Let us get started.

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Tweezer Tops and Bottoms Candlestick Pattern Tani Forex Price Action Tutorial in Hindi and Urdu

The Tweezer Top formation is considered a bearish reversal pattern that is normally seen at the top of uptrends and the Tweezer Bottom chart pattern is considered as a bullish reversal pattern ... Tweezer tops and bottoms Candlestick [How to use] Tweezer Top and Tweezer Bottom - Learn how to use the two types of Tweezer Candlestick Pattern in your daily Forex trading. This video is going to ... Tweezer tops are when the upper shadow is equal; Tweezer bottoms are when the lower shadow is equal. ... Best FX Trading Strategies (THE Top Strategy for Forex Trading) - Duration: 32:00. No ... How to Trade the Tweezer Top and Bottom Real Life Trading ... 95% Winning Forex Trading ... 37:53. TRADE ATS 1,120,060 views. 37:53. Best FX Trading Strategies (THE Top Strategy for Forex Trading ... Tweezer Tops and Bottoms Very profitable candlestick pattern in Forex business. all information about tweezer chart pattern in Hindi and Urdu by Tani Forex. For more information about Tweezer Tops ...