We had a decent steep decline in price but as always price has to correct itself. Weekly s1 was a good place to start that correction. Right now we could be looking at a strong resistance at 23% fibo of previous wave or even 38%(which I think is less likely looking at the bearish momentum we got). I'll add to my shorts again near the green dotted line. Huge ...
The new candle on 1 day chart had just formed as we just close the day per UTC.
The new candle is bearish engulfing candle that embody 2 previous candles and it just makes the pattern looks like three falling pattern.
As we see, the pullback as the over sold on 4hour has make a channel that ready to break down.
The channel on 1D chart formed from 50 MA and 100 ...
Classic Bearish engulfing on the weekly and break of lower trend line, and now testing resistance which was former support. This is going to be a good short for next week.
Given the recent price action of AAPL, GOOG, FB and company, this should come as no surprise, but if anybody needs more convincing of the bear case, here you go.
After price made a fakeout to the upside, leading with a strong bearish engulfing. Price as I mentioned was in consolidation yesterday & happened to break to the downside, moving dollar pairs south last night. Price is now heading back to weekly support 88.60 where I will watch for a rejection or bounce back to the upside.
Price came up to test the 1.30000 region quickly pushing back down 130 pips back below 1.29200 Key level. A lot of important CAD data tomorrow could see a return of bears on this pair.
Price making a double top at strong previous support now resistance. Watching for a break of the counter trendline to go short. Last time was above the pink zone, price made a double bottom then made a strong move away from this zone. Vise versa of what price is looking to do now..
Price broke out of its daily consolidation box I was initially hoping it would break to the upside, however Friday the market closed with a 4 hour bearish engulfing breakout & now looks to have validated the broken zone as new resistance. Will keep an eye out for a reversal candlestick pattern to the supply zone price is currently below
Price broke under daily support with a bearish engulfing candle & now price is underneath its uptrend line.. Watch for a close for a bearish signal, price is now in a range of support and resistance & could consolidate for some time completing its right shoulder to finish off the Head on shoulders pattern it looks to be creating. After the recent bitcoin scandal ...
NZDJPY has formed a 100 score bearish engulfing pattern on the daily time frame.
The significant bearish engulfing is in the direction of the long term down-trend.
A very strong Bollinger Band out-break confirms this setups.
A move down will confirm the start of impulse wave 5.
Strong support formed at 79.3. SL set above previous highs.
TP set at strong support. ...
EURAUD has formed a bearish engulfing on the weekly time frame on 10/12/2017 with a strong upper Bollinger Band out-break at a previous high.
RSI divergence on H4 time frame.
Engulfing formed after a bounce off of the strong support level.
Bearish engulfing also formed on the weekly time frame.
SL set above previous highs.
TP set at previous support.
1:5 Risk to ...
