Morning traders For those of you trading crypto its worth noting that Bitcoin versus US dollar has formed a bearish engulfing on the daily and is forming consecutive lower highs on lower volumes pointing to a break lower. Its no surprise to see that it is in over bought levels on both RSI and stochastic but coupled with collapsing volumes at these resistance...
Bitcoin is in a correctional momentum for now and created a bearish engulfing candle stick. A close below the red line will confirm a correction towards the next support first at around 7038 USD and after that 6500 USD. Remember to drop your LIKES and press the FOLLOW button if you are interested by our forecast and be free to DISLIKE the post or right your...
Short on TSLA today. Breaking support levels! "Tesla’s earnings were a ‘debacle,’ says longtime bull in scorching commentary" -MarketWatch MarketWatchApril 25, 2019
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.
In at $33.29. 1 ATR stop in place. Target = 20% Bearish engulfing. Biotech sector bearish.
Bearish engulfing at resistance sell below 253 sl 256 target 248-246
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 itself. This is an important top reversal...
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...
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.