I continue to like the GBPUSD to the downside. Look at those sizeable shadows on those candles to the topside and the progressively lower lows. Let's see if we break recent intraday reaction lows at 2.0638 to open up a move lower.

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We certainly found that bearish engulfing candle that cleared out an incredible chunk of support. Still cautious though until we can the entire congestion zone down to 1.4600 (or 1.45 if conservative). Regardless, that EURUSD doji back on 11/23 has been a pretty profitable signal for candlestick traders.

That recent hammer is probably the most interesting development. Looks like, at the minimum, we're gearing up for a test of recent heights.

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hi all although nzdusd weekly tell to us that im up but this pattern is rare in fx.hard is distinguish this pattern in between bullish doji star or bullish tri star or bullish morning doji star . but on nzd arrived very pull for bringdown of course usd have haughtiness for up last week.but double doji star collapsed power shooting star for bring down.this pattern is up with 150 p

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hi all direction of usdyen is uncertain with this koma that have confirmation but we see bearish candle after koma , whether we will see bearish three inside down or identical tree crows bearish for usdyen ?

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I mentioned this in the GBPUSD thread, but it seems appropriate for the candlestick group as well. After the recent swing high (through this morning), we have a lower high to 11/29's 2.0830 and to 11/23's 2.0760. Altogether, this looks like a messy heads-and-shoulders formation.

However, the daily candles making up this formation are less convincing of this technical formation. The head of the setup is a big engulfing red candle. The left shoulder is series of dojis with no defined direction before their print (to offer a signal of a top or bottom). And, now this right shoulder comes without put in a true rounded high.

All of its is very circumspect, but I like 2.05 support.

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hi all of course never myself have position on gbpusd because act this pair is uncertain but gbpusd take place in gate runner up but this shooting star in top trend have meaning that uptrend is ruined even form the second shooting star redoubled confirmation for down again .many from persons deep concentration on candle body but many from formation candle must attention to shadow for example doji or hammer or shooting star and ....of course i think that gbp must not above 2.0500 this time

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hi all without description

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hi all without description

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Today's candle clearly broke support with a very wide-range bodied candle. This may very well be a kicking bear break as well, but our charts automatically fill any short-term gaps (but be sure that gaps do occur in the FX market as there could be no bid or ask in a market if market participants believe a shift in the market means spot is no longer a fair value for the current exchange rate).

I've already received some questions about my recent Candlesticks report and I thought I'd open it up on the forum for any questions that people may have on my methodologies and such.

http://www.dailyfx.com/story/special...809846619.html

Any questions/comments are always welcome.

hi all begining i think we must see that shooting star and hammer are pamphlet reversal pattern or continuation pattern ? .some time has saw in uptrend occurred hammer that confirmed this trend(continuation)but some time hammer is playing reversal pattern also for shooting star but we must not belief that sure body shooting star must red or hammer blue also upper wick for shooting star is very important . as much as long is better also for mammer that lower wick is very important but only body shooting star as much as small is better for hammer only lower wick long is very important of course i love hammer that is front doji

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By strict definitions the shooting stars and hammer formations are reversal signals. And this makes sense, as we want to see instances in which the bulls or bears have grown "exhausted" and the trend is about to flip. I don't necessarily trade solely off of hammers and shooting stars, but if I see one it may shift my bias to either side of the trade.

hi David Rodriguez pls tell to me that this candle we must name with what name?

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That looks like the exact opposite of a hanging man. I don't know the exact name, however. Can anyone help us out on this one?