If the dollar was about to lose its reserve status, the US wouldn’t just sit there and let it happen. They’d do whatever it takes to stop it, sanctions, wars, or regime changes. The power that comes with it is too big to give up. Come on now, they’d ...

Preparing for the post USD as the world reserve currency

The candle didn't close as shown in the previous screenshot for a breakout to the upside to be more likely. Instead, it closed the way it did now. The three big candles with similar highs and lows showed price was consolidating, meaning buy and sell ...

Candle Patterns Magnet Zones and More

Candle psychology is important. For instance, in this case, the three large candles with about the same equal highs and lows show that price is coiling within a range. The red green red sequence means buyers and sellers are actively battling for ...

Candle Patterns Magnet Zones and More

If what I’m learning today about the "step in" is correct, then for the NZDCHF example above, the next candle should be a small bodied candle, probably an inside bar. After that, it should continue down. It’s also a small chance that there might be ...

Candle Patterns Magnet Zones and More

Yeah, when buyers or sellers "step in," those are strong, directional moves with a short wick near the closing price. I think I'm finding a candle pattern for that kind of "step in" too, which I’m now thinking about thanks to the post and question. ...

Candle Patterns Magnet Zones and More

Understanding the psychology behind candles is important because it helps you see patterns forming in real time. For example, NZDCHF has been in a downtrend. Sellers have been in control, pushing prices lower. Then, a green candle shows up with a ...

Candle Patterns Magnet Zones and More

Thanks for the Strat analysis. I’m not sure why you put me on ignore, but I only put you ignore after you ignored me first. Either way, I’ve removed you from ignore. You’re welcome to post more of the Strat here. Any type of educational analysis is ...

Candle Patterns Magnet Zones and More

There are many patterns to post all of them, especially on D1 and lower. These examples should be helpful for interactive demo testing. I'll try to share more examples this coming week. Any kind of educational analysis is welcome, so feel free to ...

Candle Patterns Magnet Zones and More

This is now a three-candle pattern, and because of the form of the third candle, I might look for a sell. Whereas, if the third candle was a red color proper looking inverted hammer, I might look for a buy.

Candle Patterns Magnet Zones and More

The same analysis as above. This is a one-candle pattern, but the upper wick should be a bit longer.

Candle Patterns Magnet Zones and More

This is a one-candle pattern, but the upper wick should be a bit longer.

Candle Patterns Magnet Zones and More

For the GBPCAD H8, it gave us the proper pullback on H1, so now we’ll see how it plays out. image

Candle Patterns Magnet Zones and More

For the GBPCAD H8, looking at H1, it would be ideal to get a proper pullback to the first checkmark or even the second. There’s still about 20 minutes left before this candle closes, so we’ll see how it plays out. image

Candle Patterns Magnet Zones and More

It’s about 07:30, so we’re looking for patterns on the H8, H4, H2, and H1 candles. I’m mainly focusing on the higher timeframes like H8 and H4, and maybe H2 if it’s a textbook setup. The GBPCAD H8 still has 30 minutes before it closes, but it’s ...

Candle Patterns Magnet Zones and More

I know this EURUSD D1 isn’t an upcoming example, and some might call it cherry picked, but it’s the only two-candle D1 pattern I got to test today before creating the thread. Since it’s a daily candle, there should still be some movement left if you ...

Candle Patterns Magnet Zones and More

Here are the templates with colors that make it easier to spot candle patterns. file file

Candle Patterns Magnet Zones and More

The higher timeframes like W1 and D1 are best since they have the potential to give bigger moves. I really like MT4 and use it daily, but if you want more standard timeframes, you can download an MT5 demo. MT5 has standard timeframes that MT4 ...

Candle Patterns Magnet Zones and More

I posted these a little early, with about 10 minutes left before the current H6 and H3 candles close. Like I said, you can’t be sure until the candle closes, but price often moves in the expected direction pretty quickly. That’s why I usually start ...

Candle Patterns Magnet Zones and More

Two-Candle Pattern EURCHF H3 image

Candle Patterns Magnet Zones and More

Two-Candle Pattern AUDUSD H3 image

Candle Patterns Magnet Zones and More