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SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Perfect example of Support becomes Resistance.
Price bounced of nicely from the FIB level 61.80% with a bearish engulfing candle.
TP: Near 535.00 level
SL: above 555.000
My idea is to shorten the bearish engulfing pattern after the market has made a new low.
I have read that the Labour Party would vote for a second Brexit referendum. I am not sure wether that is bullish or bearish for the sterling. The market is one moody bugger who changes its mind so much. One day, this kind of news would be bullish for sterling, one day it becomes bearish. However, this fresh news (about potential second referendum now that no ...
GREAT OPPORTUNITY FOR SELL!!
-BEARISH ENGULFING ON DAILY CHART
ENTRY PRICE: 147.079
SL: 148.327 -125PIPS
T1: 146.172 90PIPS
T2: 145.580 149PIPS
RISK/REWARD : 1.2
NICE TRADES FOR EVERYONE :)
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. ...
The No-Deal Brexit jitters potentially pressure the Sterling in mid-term. I am picking two directions within a general GBPUSD mid-term bearish bias.
Left Hand Side Chart is H4 Timeframe. Right Hand Side Chart is H1 Timeframe
For Plan A : I am marking yesterday's daily pivot + 1.29000 price and I want to see how the market will react upon reaching it. A bearish ...
This is a Re-post-As 1st Chart the Short (SL & TP) Position was put in reversed.
Actutal Trade is done vis OANDA account - FYI
We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines
EXPECTING a BIG PRICE Movement Down..IF analyse is on target !!
>1. For AUDUSD approaching Trendline S/R formed since 2002.
Remember TRADING is never 100% ...
Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21.
Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531.
The currency pair is in a downtrend according to the strong bearish setup of the moving averages.
In the video of this morning, we were already considering a short position on it, but now we have a clear candlestick pattern, a bearish engulfing.
Stop loss and take profit may be selected to have a RR that is at least 1:2.
This is a 3-3-3 corrective wave pattern forming. Looks like we had 3 strong down waves in 'W'; 3 smaller up waves today for an 'X';
The 'Y' should start very soon, will likely open with a gap down and should carry index to near same decline as 'W' or ~520 points to 24818.
I do not see an ABC pattern here, as there are no 5 wave impulses in the W or X waves.
There are several reasons to consider a short position on this currency pair:
1. Bearish setup with the moving averages;
2. Double top formation;
3. Green moving average working as a dynamic resistance;
4. Bearish engulfing pattern;
5. Price in a main downtrend.
The risk to reward ratio is 1:2, so definitely a trade to try.
DBD + bearish engulfing area + 50% retracement
A bearish engulfing candle has formed as the price moves closer to the resistance level of this bearish channel. It looks like to me that the price of this pair is going to be negative over the next few days. I think the price would move down from here towards the support level of the channel, we have seen a shooting star form as well, which makes this signal much ...
Here I'm on the 15min. time frame at the first lower high from yesterdays spike down. I'm waiting fore price to show me a trustworthy bearish engulfing setup. The candles in the red box are a bearish engulfing pattern but the red EMA is not over the blue yet. The yellow box is an engulfing pattern as well and the red EMA is now clearly over the blue. Now waiting ...
We’ve reached a critical point with EU this week. Clearly reaching a credible retest for the weekly bearish engulfing after tapping 38.2 (weekly fib). EU has been down trending ever since we broke out of the daily range @1.222. Daily is creating higher highs, 4h is looking bullish. The decision boils down to the trendline (break or respect). If we break this ...
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 chart did present a wonderful exit for those that missed it the first time around. 7k is the next level for a retest.