A good shorting opportunity
bearish engulfing pattern formed after wipro announced it's result
i have also checked the delivery percentage which was less.
if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate
also price is in overbought region as per RSI indicator.
and lastly it looks like a double...
Two big red candles, double top = selling pressure to the upside, is everyone out yet that wants to be out? that is the question. Short here with 1 ATR stop and a 20% target to the down side.
o Trend is clear
o price never broke blue line till...
o on the peak it broke blue line and closed
below the brown line
o Sell trigger would be on that candle
bearish engulfing
o Since bearish engulfing is happening
it's confluence with the trade
Reasons for entry:
- 88.6% fib rejection
- 1.1310 Minor psychological level
- PA is wicking + bearish engulfing
- Price is losing moment and beginning to stagnate
- 2hr Doji, possible evening star forming on the 2hr
Entry Timeframe:
- 1hr bearish engulfing (weak) + 2hr Doji
- 1.1305
Stop Loss:
@1.1319 (-14pips)
Take Profit:
Target 1 @1.1225 (+80pips) =...
Due to oversea market gaining higher last night the ASX 200 should be opening higher off its bounce. However with Nearmap it has formed a bearish engulfing near the RES and its near 52 week high as well. Looking to short 1260, near the 13 ema.
Short opportunity with EURNZD due to descending trend line coinciding with key level on the 4H chart. Bearish engulf bar can be spotted on the 4H chart on MetaTrader app. Good luck!
Reasons for entry:
- Possible 1hr H&S pattern
- Price has rejected 0.7150
- Price is stagnating and showing a loss of momentum
- Possible weak Eveningstar candlestick formation on the 1hr timeframe
Entry Timeframe:
- 15 min bearish engulfing
- @0.7140
Stop Loss:
@0.7155 (-15pips)
Take Profit:
- Target 1 @0.7050 (+90pips) = Risk/Reward : 1:6.2
- Target...
Analysis
-CADJPY looking bearish after showing signs of reversal. Buyers pushed price up into and past resistance before the previous day's candle close. The next day, sellers stepped in and pushed price all the way down past yesterday's daily candle open.
-The price action resulted in a bearish engulfing setup AT RESISTANCE which is a bearish sign.
-On the 1H...
Very good point to secure profits now and simply wait for the next move, which could be both ways.
Blue lines are marking the crucial limits to break. Due to the bearish engulfing on 6h I see a more significant
down-potential as a short correcture of the recent jumps.
Weekly candle on crude oil closed as a bearish engulfing > www.candlesticker.com
Definition
This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body...
In monthly view, strong engulfing candle after a triple top.
To be confirmed tomorrow.
Short strategy : waiting for a satisfying pullback in D1
Target : Support 1,27 / 1,28
-->
Based on timeframe analysis, this a intraday short trade centered around :
Break of Structure on the H4, H1 and M15
Test of a strong daily resistance level
Bearish engulfing candlesticks showing a change in trend momentum
Retest of the break of structure before continuation of new trend
I also showed my projected stop loss and take profit areas. Be sure to...
A very large bearish engulfing bar has formed on the hourly charts after a failed attempt by bulls to push price higher early in the trading session. This has very bearish implications and near term bias remains bearish.
Bounce from 100SMA and bearish engulfing candle. CAD strength should be returning as oil pull back is done for now. Retail sales for Canada at 1:30 today.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
