danmalikithebbi
503 مشاهدات
9 يقومون بالنقاش
رائج
جديد
BTCUSD broke the ascending channel
Analysis explanation: prices channel
BTCUSD moved within the ascending channel, which formed when the price touched the channel borders 8 times and has been valid since 25 February.
Current situation
BTCUSD broke the ascending channel.
Possible scenario
Analysts recommend opening a Sell order with a stop loss near the lower channel border.
We will publish our next post on price channels at 3:00 p.m. UTC today. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.#SECApprovesNasdaqTokenizedStocksPilot #danmalikiTHEBBI $BTC
Analysis explanation: prices channel
BTCUSD moved within the ascending channel, which formed when the price touched the channel borders 8 times and has been valid since 25 February.
Current situation
BTCUSD broke the ascending channel.
Possible scenario
Analysts recommend opening a Sell order with a stop loss near the lower channel border.
We will publish our next post on price channels at 3:00 p.m. UTC today. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.#SECApprovesNasdaqTokenizedStocksPilot #danmalikiTHEBBI $BTC
China: Domestic demand push under 15th FYP – HSBC
HSBC’s China macro team reviews January–February 2026 data and the latest National People’s Congress outcomes, highlighting a GDP growth target of 4.5–5.0% for 2026. The bank notes strong Fixed Asset Investment, resilient industrial production, and solid exports, alongside proactive fiscal policy, infrastructure-heavy investment plans, and a clear focus on boosting domestic demand, technological upgrading, and capital market reforms under the 15th Five-Year Plan.
Growth target and policy support
China’s annual National People’s Congress (NPC) concluded on 12 March, after a week of policy-setting meetings.
The headline GDP growth target was set as 4.5% to 5% for 2026, with a commitment to strive for even better results in practice
China will maintain a proactive fiscal stance, with the central government absorbing a larger share of spending. This shift is a response to ongoing pressures from weakness in the property market, subdued price levels, and slower tax growth, as well as the need to kickstart the 15th FYP. The government is front-loading fiscal support, accelerating bond issuance, and aiming to implement reforms to align local and central fiscal management.
Spending priorities are closely tied to long-term goals: boosting domestic demand, advancing technology and industrial upgrading, and safeguarding livelihoods.
"Major projects are set to be the principal catalyst for higher investment. The 15th FYP outlines 109 projects across the “Six Networks” (water, power grids, computing power, communications, pipelines and logistics), as well as transportation, consumption, education, and healthcare infrastructure. These projects are anticipated to drive total investment to over RMB7trn this year, according to the National Development and Reform Commission.
Government funding will play a significant supporting role, with this investment projected to surpass RMB5trn in 2026. #china #danmalikiTHEBBI #USFebruaryPPISurgedSurprisingly
HSBC’s China macro team reviews January–February 2026 data and the latest National People’s Congress outcomes, highlighting a GDP growth target of 4.5–5.0% for 2026. The bank notes strong Fixed Asset Investment, resilient industrial production, and solid exports, alongside proactive fiscal policy, infrastructure-heavy investment plans, and a clear focus on boosting domestic demand, technological upgrading, and capital market reforms under the 15th Five-Year Plan.
Growth target and policy support
China’s annual National People’s Congress (NPC) concluded on 12 March, after a week of policy-setting meetings.
The headline GDP growth target was set as 4.5% to 5% for 2026, with a commitment to strive for even better results in practice
China will maintain a proactive fiscal stance, with the central government absorbing a larger share of spending. This shift is a response to ongoing pressures from weakness in the property market, subdued price levels, and slower tax growth, as well as the need to kickstart the 15th FYP. The government is front-loading fiscal support, accelerating bond issuance, and aiming to implement reforms to align local and central fiscal management.
Spending priorities are closely tied to long-term goals: boosting domestic demand, advancing technology and industrial upgrading, and safeguarding livelihoods.
"Major projects are set to be the principal catalyst for higher investment. The 15th FYP outlines 109 projects across the “Six Networks” (water, power grids, computing power, communications, pipelines and logistics), as well as transportation, consumption, education, and healthcare infrastructure. These projects are anticipated to drive total investment to over RMB7trn this year, according to the National Development and Reform Commission.
Government funding will play a significant supporting role, with this investment projected to surpass RMB5trn in 2026. #china #danmalikiTHEBBI #USFebruaryPPISurgedSurprisingly
BoC: Dovish hold with skew to easing – TD Securities
TD Securities strategists report that the Bank of Canada (BoC) kept its policy rate at 2.25% and dropped guidance that the current rate is appropriate. They now see growth risks tilted lower and inflation risks higher, with near-term policy risks skewed toward easing unless a prolonged Middle East conflict forces a reassessment.
Growth risks down, inflation risks up
The Bank of Canada held rates at 2.25% as widely expected, as the policy statement struck another cautious tone by leaning into softer economic data since January. The Bank noted that risks to growth are now tilted to the downside, while inflation risks are tilted to the upside.
The Bank stated that it intends to look through higher near-term energy prices but that it will not let this broaden into persistent inflation. They also removed the language from their forward guidance that the current overnight rate remains appropriate. We don't think that signals an imminent shift in policy, but fits with the notion that near-term risks remain skewed towards easing, while a prolonged conflict in the Middle East would make it more difficult to look through.
BoC flagging the risk of stagflation and a high bar to hike rates potentially given the softening in labor market momentum recently. We like CAD in the current environment vs non-USD peers as it has a lower beta to risk-off, oil links and terms of trade boost (even though modest), and is less exposed to any growth slowdown on the other side of the world from an extended conflict (as it is mainly exposed to the US). However, we expect USDCAD to keep moving higher the longer this extends. Rates and growth differentials will be in favor of the US along with the sustained risk-off.#astermainnet #USDCAD #danmalikiTHEBBI
TD Securities strategists report that the Bank of Canada (BoC) kept its policy rate at 2.25% and dropped guidance that the current rate is appropriate. They now see growth risks tilted lower and inflation risks higher, with near-term policy risks skewed toward easing unless a prolonged Middle East conflict forces a reassessment.
Growth risks down, inflation risks up
The Bank of Canada held rates at 2.25% as widely expected, as the policy statement struck another cautious tone by leaning into softer economic data since January. The Bank noted that risks to growth are now tilted to the downside, while inflation risks are tilted to the upside.
The Bank stated that it intends to look through higher near-term energy prices but that it will not let this broaden into persistent inflation. They also removed the language from their forward guidance that the current overnight rate remains appropriate. We don't think that signals an imminent shift in policy, but fits with the notion that near-term risks remain skewed towards easing, while a prolonged conflict in the Middle East would make it more difficult to look through.
BoC flagging the risk of stagflation and a high bar to hike rates potentially given the softening in labor market momentum recently. We like CAD in the current environment vs non-USD peers as it has a lower beta to risk-off, oil links and terms of trade boost (even though modest), and is less exposed to any growth slowdown on the other side of the world from an extended conflict (as it is mainly exposed to the US). However, we expect USDCAD to keep moving higher the longer this extends. Rates and growth differentials will be in favor of the US along with the sustained risk-off.#astermainnet #USDCAD #danmalikiTHEBBI
Analysis explanation:Doji
A Doji candlestick pattern is a single candlestick that signals market uncertainty and has its opening and closing prices approximately at the same level.
Named after the Japanese word ‘doji’ for 'the same thing,' its bullish or bearish interpretation hinges on its market position. Its variants include the 'gravestone' at the bottom, 'dragonfly' at the top, and 'long-legged' in the middle.
How Doji works
The Doji pattern, emerging after a notable market trend, signals a potential trend reversal. It reflects market indecision, regardless of previous candlestick colour or position. Its appearance suggests a shift in market dynamics as the candlesticks stop moving in a single direction.
Identifying the Doji pattern
The bullish Doji pattern usually emerges at the end of a previous bearish trend. You can often find it near a strong support level or a significant round number level.
The bearish Doji pattern appears at the peak of a preceding bullish trend. You can find it near a strong resistance level or a notable round number level.
Trading examples
Bullish Doji
When the pattern is close to the nearest support or round number level, open a Buy order instantly or wait for a slight price drop (pullback).
Place a Stop Loss just below the pattern's lowest point. If it is a real trend change, the price won't return to where it started, so you can use many Doji patterns with small losses.Calculate your position size, ensuring the Stop Loss is no more than 5% of your total deposit.Make your Take Profit at least three times bigger than your Stop Loss. Aim to take your profit close to a high resistance level. To maximise profit, keep your position open as long as the upward trend continues.
Bearish Doji
When the pattern is close to the nearest resistance or round number level, open a Sell order instantly or wait for a slight price drop (pullback).Place a Stop Loss just below the pattern's highest point. If it is a real trend change, the price won't return to where it started, so you can use many Doji patterns with small losses.Calculate your position size, ensuring the Stop Loss is no more than 5% of your total deposit.Make your Take Profit at least three times bigger than your Stop Loss. Aim to take your profit close to a strong support level. To maximise profit, keep your position open as long as the downward trend continues.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.#Doji #danmalikiTHEBBI #THEBBI #Danmaliki
Named after the Japanese word ‘doji’ for 'the same thing,' its bullish or bearish interpretation hinges on its market position. Its variants include the 'gravestone' at the bottom, 'dragonfly' at the top, and 'long-legged' in the middle.
How Doji works
The Doji pattern, emerging after a notable market trend, signals a potential trend reversal. It reflects market indecision, regardless of previous candlestick colour or position. Its appearance suggests a shift in market dynamics as the candlesticks stop moving in a single direction.
Identifying the Doji pattern
The bullish Doji pattern usually emerges at the end of a previous bearish trend. You can often find it near a strong support level or a significant round number level.
The bearish Doji pattern appears at the peak of a preceding bullish trend. You can find it near a strong resistance level or a notable round number level.
Trading examples
Bullish Doji
When the pattern is close to the nearest support or round number level, open a Buy order instantly or wait for a slight price drop (pullback).
Place a Stop Loss just below the pattern's lowest point. If it is a real trend change, the price won't return to where it started, so you can use many Doji patterns with small losses.Calculate your position size, ensuring the Stop Loss is no more than 5% of your total deposit.Make your Take Profit at least three times bigger than your Stop Loss. Aim to take your profit close to a high resistance level. To maximise profit, keep your position open as long as the upward trend continues.
Bearish Doji
When the pattern is close to the nearest resistance or round number level, open a Sell order instantly or wait for a slight price drop (pullback).Place a Stop Loss just below the pattern's highest point. If it is a real trend change, the price won't return to where it started, so you can use many Doji patterns with small losses.Calculate your position size, ensuring the Stop Loss is no more than 5% of your total deposit.Make your Take Profit at least three times bigger than your Stop Loss. Aim to take your profit close to a strong support level. To maximise profit, keep your position open as long as the downward trend continues.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.#Doji #danmalikiTHEBBI #THEBBI #Danmaliki
GBP/USD steadies ahead of back-to-back Fed and BoE decisions
The Pound Sterling edged higher for a second session as traders brace for Wednesday's Fed hold and Thursday's BoE rate decision.
The Fed is expected to hold rates at 3.50% to 3.75% on Wednesday as the Iran conflict clouds the rate outlook.
The BoE is widely expected to hold at 3.75% on Thursday in a 7-2 vote after the Iran-driven energy shock slashed March rate cut odds.
GBP/USD rose about 0.3% on Tuesday, gaining ground for a second consecutive session and trading around 1.3360. The pair has found a floor between 1.3250 and 1.3300 after sliding to a three-month low close to 1.3220 late last week, though it remains below both its key daily moving averages. The two-day bounce has produced a pair of modestly bullish candles, but price is still well within the broader sell-off from the late-January high near 1.3870.
Wednesday brings the Federal Reserve's (Fed) March decision, where the central bank is all but certain to keep interest rates on hold. The focus falls squarely on the updated Summary of Economic Projections (SEP) and dot plot, with the Iran conflict and surging energy prices complicating the current path toward further rate cuts. Futures pricing has shifted sharply since the war began, with traders now expecting only one cut this year, likely in December, compared with two or three before the conflict escalated. Chair Jerome Powell's press conference, one of his last before stepping down in May, will be watched for any signal on how the Federal Open Market Committee (FOMC) is weighing the oil shock against a softening labour market.
$GBP #GBPUSD #danmalikiTHEBBI
The Pound Sterling edged higher for a second session as traders brace for Wednesday's Fed hold and Thursday's BoE rate decision.
The Fed is expected to hold rates at 3.50% to 3.75% on Wednesday as the Iran conflict clouds the rate outlook.
The BoE is widely expected to hold at 3.75% on Thursday in a 7-2 vote after the Iran-driven energy shock slashed March rate cut odds.
GBP/USD rose about 0.3% on Tuesday, gaining ground for a second consecutive session and trading around 1.3360. The pair has found a floor between 1.3250 and 1.3300 after sliding to a three-month low close to 1.3220 late last week, though it remains below both its key daily moving averages. The two-day bounce has produced a pair of modestly bullish candles, but price is still well within the broader sell-off from the late-January high near 1.3870.
Wednesday brings the Federal Reserve's (Fed) March decision, where the central bank is all but certain to keep interest rates on hold. The focus falls squarely on the updated Summary of Economic Projections (SEP) and dot plot, with the Iran conflict and surging energy prices complicating the current path toward further rate cuts. Futures pricing has shifted sharply since the war began, with traders now expecting only one cut this year, likely in December, compared with two or three before the conflict escalated. Chair Jerome Powell's press conference, one of his last before stepping down in May, will be watched for any signal on how the Federal Open Market Committee (FOMC) is weighing the oil shock against a softening labour market.
$GBP #GBPUSD #danmalikiTHEBBI
Analysis explanation: Head and Shoulders
Head and Shoulders is a popular chart pattern for detecting trend reversals, identified by a central peak (the Head) and two lower peaks (the Shoulders).
This pattern provides a solid foundation for comprehensive, sustainable trading strategies.
Read more to learn how to apply Head and Shoulders across various market assets and timeframes.
How Head and Shoulders works
The pattern activates when the price breaks out of the Neckline. Traders use the Neckline level in two scenarios:
to set a stop loss in case of trend continuationto place an order in case of trend reversals.
The Neckline is key to the pattern. A breakout from it triggers stop-loss and Buy or Sell orders, driving price movement in line with the pattern.
How to identify Head and Shoulders
The Head and Shoulders pattern signals a price reversal. It occurs at the peak of a bullish trend or at the bottom of a bearish one, especially near a strong support or resistance level.
The bullish Head and Shoulders pattern consists of three inverted peaks, with the middle peak (Head) lower than the outer peaks (Shoulders). It usually forms after a downward trend.The bearish Head and Shoulders pattern consists of three regular peaks, with the middle peak (Head) higher than the outer peaks (Shoulders). It usually forms after an upward trend.
Trading examples
Bullish Head and Shoulders
Wait for the price to break through the Neckline once you detect this pattern.Place your Buy order near the Neckline.Measure the distance from the Head to the Neckline. The pattern's height indicates your potential profit. Starting from the breakout point, set your take profitat the same distance above the breakout.Set your stop loss below the minimum level of the Right Shoulder.Protect your position by keeping the stop loss at no more than 5% of your total deposit.
Bearish Head and Shoulders
Wait for the price to break through the Neckline once you detect this pattern.Place your Sell order near the Neckline.Measure the distance from the Head to the Neckline. The pattern's height indicates your potential profit. Starting from the breakout point, set your take profit at the same distance below the breakout.Set your stop loss above the maximum level of the Right Shoulder.Protect your position by keeping the stop loss at no more than 5% of your total deposit.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.
#danmalikiTHEBBI #Thebbi #GBPUSD
This pattern provides a solid foundation for comprehensive, sustainable trading strategies.
Read more to learn how to apply Head and Shoulders across various market assets and timeframes.
How Head and Shoulders works
The pattern activates when the price breaks out of the Neckline. Traders use the Neckline level in two scenarios:
to set a stop loss in case of trend continuationto place an order in case of trend reversals.
The Neckline is key to the pattern. A breakout from it triggers stop-loss and Buy or Sell orders, driving price movement in line with the pattern.
How to identify Head and Shoulders
The Head and Shoulders pattern signals a price reversal. It occurs at the peak of a bullish trend or at the bottom of a bearish one, especially near a strong support or resistance level.
The bullish Head and Shoulders pattern consists of three inverted peaks, with the middle peak (Head) lower than the outer peaks (Shoulders). It usually forms after a downward trend.The bearish Head and Shoulders pattern consists of three regular peaks, with the middle peak (Head) higher than the outer peaks (Shoulders). It usually forms after an upward trend.
Trading examples
Bullish Head and Shoulders
Wait for the price to break through the Neckline once you detect this pattern.Place your Buy order near the Neckline.Measure the distance from the Head to the Neckline. The pattern's height indicates your potential profit. Starting from the breakout point, set your take profitat the same distance above the breakout.Set your stop loss below the minimum level of the Right Shoulder.Protect your position by keeping the stop loss at no more than 5% of your total deposit.
Bearish Head and Shoulders
Wait for the price to break through the Neckline once you detect this pattern.Place your Sell order near the Neckline.Measure the distance from the Head to the Neckline. The pattern's height indicates your potential profit. Starting from the breakout point, set your take profit at the same distance below the breakout.Set your stop loss above the maximum level of the Right Shoulder.Protect your position by keeping the stop loss at no more than 5% of your total deposit.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.
#danmalikiTHEBBI #Thebbi #GBPUSD
Analysis explanation: Engulfing
The Engulfing candlestick pattern is a powerful trend reversal signal in technical analysis. The pattern comprises two candles, where the second candle completely overlaps the first one and signals a potential market sentiment and direction shift.
How Engulfing works
The Engulfing pattern's effectiveness increases when the first overlapping candle is followed by several other candles of the same colour, symbolising an exhaustive trend. The pattern typically appears at the peak or bottom of the preceding trend.
In this pattern, the market encounters a significant reversal volume, triggering Stop Losses and creating a trap for traders who open positions expecting the trend to continue. A significant difference in the size of the candlesticks in an Engulfing pattern indicates a robust price rejection driven by a substantial volume of opposing trades. The first candlestick within this pattern always matches the trend direction, while the second forms in the opposite direction.
Identifying Engulfing
The bullish Engulfing pattern typically appears at the bottom of a preceding bearish trend near a strong support level or a round number level.
The bearish Engulfing pattern typically appears at the top of the preceding bullish trend near a strong resistance level or a round number level.
Trading examples
Bullish Engulfing
When the pattern is formed on the nearest support level, you can open a Buy order immediately or wait for a pullback.Place a Stop Loss at the pattern's lowest point.Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.Set your Take Profit at a level three times greater than your Stop Loss. You can also target a level located near a significant resistance level. Ideally, hold the position as long as the uptrend remains active.
Bearish Engulfing
When the pattern is formed on the nearest resistance level, you can open a Sell order immediately or wait for a pullback.Place a Stop Loss at the pattern's high. A true trend reversal typically doesn't exceed the high of the bearish engulfing candle, allowing for multiple attempts at the trade with minimal losses.Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.Set your Take Profit at a level three times greater than your Stop Loss. You can also target a level near a significant support level. Ideally, hold the position as the downtrend continues.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.#DanmalikiThebbi #Thebbi #Engulfing
How Engulfing works
The Engulfing pattern's effectiveness increases when the first overlapping candle is followed by several other candles of the same colour, symbolising an exhaustive trend. The pattern typically appears at the peak or bottom of the preceding trend.
In this pattern, the market encounters a significant reversal volume, triggering Stop Losses and creating a trap for traders who open positions expecting the trend to continue. A significant difference in the size of the candlesticks in an Engulfing pattern indicates a robust price rejection driven by a substantial volume of opposing trades. The first candlestick within this pattern always matches the trend direction, while the second forms in the opposite direction.
Identifying Engulfing
The bullish Engulfing pattern typically appears at the bottom of a preceding bearish trend near a strong support level or a round number level.
The bearish Engulfing pattern typically appears at the top of the preceding bullish trend near a strong resistance level or a round number level.
Trading examples
Bullish Engulfing
When the pattern is formed on the nearest support level, you can open a Buy order immediately or wait for a pullback.Place a Stop Loss at the pattern's lowest point.Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.Set your Take Profit at a level three times greater than your Stop Loss. You can also target a level located near a significant resistance level. Ideally, hold the position as long as the uptrend remains active.
Bearish Engulfing
When the pattern is formed on the nearest resistance level, you can open a Sell order immediately or wait for a pullback.Place a Stop Loss at the pattern's high. A true trend reversal typically doesn't exceed the high of the bearish engulfing candle, allowing for multiple attempts at the trade with minimal losses.Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.Set your Take Profit at a level three times greater than your Stop Loss. You can also target a level near a significant support level. Ideally, hold the position as the downtrend continues.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.#DanmalikiThebbi #Thebbi #Engulfing
Analysis explanation: Hammer (Pin Bar)
A Hammer (also called a Pin Bar) is a type of candlestick pattern with a long tail (shadow) and a short body.
Hammer strongly signals a trend or impulse reversal. You can create powerful reversal strategies using this pattern.
How Hammer works
The Hammer signals that a reversal in price direction is more likely than a breakout.
This pattern typically consists of three parts:
The long shadow indicates the price moved significantly (either up or down) but then returned near its starting point. This happens when traders push the price in one direction, but opposing orders create enough pressure to reverse it.The short shadow is called the 'Nose'. It shows where the price briefly moved but didn't stay.The small body of the candlestick indicates there wasn't much price change by the end of the period.
The sharp price movement followed by a return is a sign of rejection of that price level. The Hammer pattern is especially meaningful at support or resistance levels, where price often gets rejected.
How to identify the Hammer pattern
A bullish Hammer has a long lower shadow.A bearish Hammer has a long upper shadow.The shadow should be at least three-quarters of the candlestick's length.The body is small or absent, showing that the opening and closing prices are nearly the same.
How to use the Hammer while trading
You can use the Hammer in these strategies:
When located on support or resistance, it signals a trend reversal.When located on a trend line, Hammer suggests continuation or the end of a pullback.When located on a Fibonacci level, it signals that the price will rebound from it.
Make sure to follow this rule in all cases:
A free space, without other candlesticks or candlestick shadows to the left of a Hammer, turns it into an extremum. Do not use Hammer as a part of your strategy inside a flat market.
Trading examples
Bullish Hammer
Open a chart and define the current support level. Ensure the price touches this level at least twicebefore you call it a support level.Wait for the next touch and check for a bullish Hammer candlestick pattern.Open a Buy order when the bullish Hammer candlestick finishes forming.Place your stop loss below the lower Hammer shadow.Ensure your stop loss is no more than 5% of your total deposit.Set your take profit at a level at least three times higher than stop loss.
Bearish Hammer
Open a chart and define the current resistance level. Ensure the price touches this level at least twicebefore you call it a resistance.Wait for the next touch and check for a bearish Hammer candlestick pattern.Open a Sell order when the bullish Hammer candlestick finishes forming.Place your stop loss above the upper Hammer shadow.Ensure the stop loss is no more than 5% of your total deposit.Set your take profit at a level at least three times higher than stop loss.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.
#danmalikiTHEBBI #hammer #BinanceTGEUP
Hammer strongly signals a trend or impulse reversal. You can create powerful reversal strategies using this pattern.
How Hammer works
The Hammer signals that a reversal in price direction is more likely than a breakout.
This pattern typically consists of three parts:
The long shadow indicates the price moved significantly (either up or down) but then returned near its starting point. This happens when traders push the price in one direction, but opposing orders create enough pressure to reverse it.The short shadow is called the 'Nose'. It shows where the price briefly moved but didn't stay.The small body of the candlestick indicates there wasn't much price change by the end of the period.
The sharp price movement followed by a return is a sign of rejection of that price level. The Hammer pattern is especially meaningful at support or resistance levels, where price often gets rejected.
How to identify the Hammer pattern
A bullish Hammer has a long lower shadow.A bearish Hammer has a long upper shadow.The shadow should be at least three-quarters of the candlestick's length.The body is small or absent, showing that the opening and closing prices are nearly the same.
How to use the Hammer while trading
You can use the Hammer in these strategies:
When located on support or resistance, it signals a trend reversal.When located on a trend line, Hammer suggests continuation or the end of a pullback.When located on a Fibonacci level, it signals that the price will rebound from it.
Make sure to follow this rule in all cases:
A free space, without other candlesticks or candlestick shadows to the left of a Hammer, turns it into an extremum. Do not use Hammer as a part of your strategy inside a flat market.
Trading examples
Bullish Hammer
Open a chart and define the current support level. Ensure the price touches this level at least twicebefore you call it a support level.Wait for the next touch and check for a bullish Hammer candlestick pattern.Open a Buy order when the bullish Hammer candlestick finishes forming.Place your stop loss below the lower Hammer shadow.Ensure your stop loss is no more than 5% of your total deposit.Set your take profit at a level at least three times higher than stop loss.
Bearish Hammer
Open a chart and define the current resistance level. Ensure the price touches this level at least twicebefore you call it a resistance.Wait for the next touch and check for a bearish Hammer candlestick pattern.Open a Sell order when the bullish Hammer candlestick finishes forming.Place your stop loss above the upper Hammer shadow.Ensure the stop loss is no more than 5% of your total deposit.Set your take profit at a level at least three times higher than stop loss.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.
#danmalikiTHEBBI #hammer #BinanceTGEUP
سجّل الدخول لاستكشاف المزيد من المُحتوى