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...
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.
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.
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
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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...
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...
EURAUD showing slight weakness for a short opportunity.
1Hr Bearish Engulfing and a 4Hr bearish engulfing.
This is also completed a three wave structure to commence the C wave.
Yellow Projection: Our preferred scenario to fall to the area of accumulation. Look for any sells through to this point.
Divergence between two peaks of RSI and we have the stochastic...
here is a nice example of a break and retest (last kiss) as well as a fibo retracement lining up right with the support & new resistance
double top and neckline retest
taking it from zone to zone, from .5 fib retracement resistance zone to the support zone and extension area of -272
another confluence is 14 and 50 ema are under 200ema
32pip profit here if u tp'd at -272
Although ICON is now on uptrend, it's currently forming a daily bearish engulfing. If it doesn't bounce from the yellow box, I'd expect it to go back to monthly S1 (78.6% Fib level). Otherwise, my targets would be monthly P (50% Fib level) and 61.8% Fib level.
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
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...
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....
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