OANDA:AUDUSD
AUDUSD broke out of the key level of support,made a retest at 38.2%, made a bearish engulfing candle These confluences give a good bearish setup
Not actually looking to trade this but just an idea/call out so to speak this is where I would look to go short here and would place a sell limit, also taking into consideration the fundamentals at play with BOE and Yen too. But we'll see. again this isn't a trade i am taking just calling out something i am seeing and working on maybe taking these set ups one day...
Hello guys,
Based on the chart, the main trend is bearish and there is a strong bearish candle which shows the strong rejection of price from a resistance area.
So based on this scenario, opening sell positions at this area would be a good choice.
Note: This post will be update base on market reaction.
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OANDA:AUDUSD
Expecting a bearish movement on AUDUSD with price breaking structure on the 1H. On the DAILY and WEEKLY timeframes a long wick(shooting star candlestick) formed on a major/key level of resistance. Price also broke support and is making a retest
Happy Weekend Everyone.
I put together a custom FANG Plus index to track the overall strength of the popular large cap growth stocks as these stocks have been the most widely held stocks for the past several years. This particular chart is a weekly candle chart using Fibonacci retracement levels taking the previous low from the past calendar year to the last...
OANDA:GBPUSD
GBPUSD broke support and made a retest at 61.8% fib prz. It further made a bearish engulfing candle on the lower timeframes
and the EMA and SMA crosses gave extra confirmation for a sell setup.
Hello everyone. Here we have the EUR/USD daily chart. The trend here is still bullish, but we have to keep in mind that the trends of higher time frames are bearish, and we also have a few bearish signs on the daily chart. First, as you can see, the price tried to climb higher, but after that we could see the W&R pattern and the downward action started. Also, the...
List of confluences:
1: Double Top/ M Pattern at high.
2: Bearish engulfing candle stick pattern
3: Key Level Breakout
Risk reward for this trade is a around: 3.62:1
OANDA:GBPUSD
GBPUSD formed a double top, and broke structure(NECKLINE/SUPPORT)
and retraced at 78.6% and has created confluence with a resistance line
and a bearish engulfing candle formed creating a high probability confirmation
for a sell on GBPUSD.
Atom seems to hit a strong support, while it has broken the Bearish trend line, I think the candlestick pattern( something like an imperfect bearish engulfing) form at the level of a dynamic resistance would lead the price to the support 25.67 to 25.38 USDT for the last time and after formation of a key level we could see growth to 27.49 to 27.67 resistance. also...
Hello traders and investors! Let’s see how GOOG is doing today!
First, we see a good reaction today, in the 1h chart, as the support area between the two black lines at $ 2,667 - $ 2,651 is holding the price nicely.
Right now is a good time for a bullish reaction, and GOOG could fill the last gap at $ 2,747.65. However, in order to reverse, we must see a...
Hello dear fellow traders !
Today i spotted a reversal bearish engulfing pattren in interactive broker stock, as we can see in chart that after a minor uptrend prices has reversed and form a candle which looks like sellers are totally in control and share can continue towards down trend and we can get 3% to 4% in profit's.
Thank you.....
It seems like SLPUSDT had a false breakout and the resistance line is still intact. It is probably in a correction phase after a great run up.
There is a battle going on in the circled area.
A bearish engulfing pattern is present on the daily so can expect more downside action possibly to the 50DMA unless trendline is successfully broken with the retest of the...
$SPY Bearish Engulfing on the monthly
There you have it. January closed with one of the most reliable indicator of trend reversal - the bearish engulfing candle - on the monthly chart.
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