This pair has been choppy and sideways all year. The past few weeks have been no different. After a huge daily chart bearish engulfing bar, price went right back to forming an inside bar and going nowhere. Whilst price is very sideways there are still trading opportunities. The best plays look to be trading both sides of the market from the range high and low...
BEARISH RSI DIVERGENCE ON THE DAILY CHART, FORMING AT THE MULTIPLE TIME TESTED RESISTANCE LINE. DOUBLE TOP CHART PATTERN CONFIRMING REVERSAL ON THE DAILY CHART WITH BULLISH ENGULFING SIGNALING GOOD ENTRY REASONS.
BEARISH DIVERGENCE WITH DOUBLE TOP CHART PATTERN CONFIRMING TOP WITH BEARISH ENGULFING PATTERN. SELL APOLLO TYRE LTD AT 130.52 TARGET 121.60 STOP LOSS 135.00
BEARISH DIVERGENCE, DOUBLE TOP AND BEARISH ENGULFING SEEMS ENOUGH SIGNALS TO GO SHORT ON INFOSYS LTD . INFOSYS LTD SELL AT MARKET STOPLOSS 990.00 TARGET 910.00
Hello traders and investors! Ok, so SPX did a new ATH today! This is incredible, right? Let’s see how to proceed from now on. The black line was the ATH before Covid-19 crash. Today, SPX clearly traded above it, but the movement wasn’t strong enough, and now it found its previous support at the purple line (3370). If this purple line doesn’t hold the fall this...
SHORT IDEA Based again on higher timeframes price action s/r levels do you agree or disagree??:)
While major pairs are still consolidating, USDCAD is making new lows. Here things seem extremely clear. - we have a downward trend of D1 - we have a downward trend of H4 - we have a downward trend of H1 - break of support - engulfing candle of H4 We expect the movement to continue towards the following supports: 1.3144 1.3107 Watch for a break in the trendlines...
Although my overall bias on this pair is long (higher time frame - monthly level break), a Bearish engulfing candle at a level this strong feels too good to ignore. I have a very effective method of trading engulfing candles, this means i'm already in and already risk free. We also have divergence across the last two peaks.
Waiting for a retracement back to 1.2523 as long as it doesn't break and close above the recent high, it will be a good consideration for a shorting opportunity. If the market head back down to Point D, with an RSI Divergence I will head into the Type2 Bullish Bat Pattern trading opportunity.
Hello guys. Bitcoin has displayed many bearish signs. Firstly Bitcoin has broken out of its daily Ascending triangle downwards. This means that it will likely hit a target of 7.8k (Green zone). Bitcoin has also closed below the Daily EMA ribbon. Every time this happens it indicates that the daily trend has ended, And that we are about to go much lower. We are...
Daily bearish engulfing should send this stock lower with respect to 115/116 per share.
Two bearish patterns appearing for $NFLX last week. The weekly shooting star should have this name challenging 426 next week.
$AMZN weekly showcases a shooting star which is comprised of this past weeks daily piercing line and bearish engulfing patterns. A break at this daily trend line, leads to a pivot point challenge and potentially lower lows.
GBP/USD has been in a downtrend for a few weeks, but recently, it showed signs of strength, with a short term uptrend that was following the uptrend line in the chart. We had a strong red candle breaking through the uptrend line, so I believe that there is a concrete chance to trade this market with a short position. Setup of moving averages is a bit unclear, so I...
Hello traders! - Price broke out from the range, but then it came back - Price tested again the resistance - BEARISH ENGULFING PATTERN - MACD is bearish In this situation, I believe that the price has good chances to go down towards the previous support. Remember to put a stop loss in order to secure your capital! Not a financial advice. Enjoy your trade!
Bearish engulfing candle on the daily timeframe validates a move towards the downside for GBPCAD