Swissy bears have been rejected at range support and bulls will be looking to push the pair higher in the coming sessions. Pair traded as low 9661 in early NY trade, but found willing buyers who managed to completely engulf the preceding sell off. Bulls will now be looking to take out the .9720 - 9742 interim resistance zone, with a break above there targeting...
Could there be a reversal for B2Gold? Bullish cypher pattern with the MACD to soon crossover at an oversold level, and a bullish engulfing candlestick.
Waiting for this pair to break yellow resistance for a long trade with 1.84 area as a potential target.
It was a pain trading the DAX all of last week. Several candles indicated tactical bounces off important breakout supports around 10470 - 490, however the index failed to distance itself from key supports, decisively. Friday ended the week with a bullish engulfing pattern. Bigger picture, we are looking at a descending triangle pattern, which I expect to resolve...
ZION is coiled up on daily. Price bouncing off of 50 ma, into a bullish engulfing candle pattern. Expecting a move up from here.
EURAUD is in a falling wedge pattern and it looks like its getting rejected from 0.786 fibo so buying after wedge breakout seems like a good idea.
EUR USD Long Break of the 50 EMA, bounce of the pivot point, stron bullish engulfing. MACD crossing over the 0 line Trade with care - upcoming brexit likely to play a strong part in the volatility on this pair TP1 at R2 and TP2 below R3 but still requiring price to make a higher high. 0.5% on each TP 1:2 risk reward
Hello traders I am trying an agrressive buy inside the falling wedge with 124.50 and 128 as my take profit targets, the reasons behind my trade are on the chart.
Buy Now FX:AUDUSD Price moving inside consolidation. Bullish Engulfing Candle Stick Formation Price @ Backside of the Down Trendline Possible Double Bottom Stop Loss: 0.71474 - 23.9 Pips Take Profit: 0.71952 - 23.9 Pips Risk Rewards: 1:1
USDJPY has formed a bullish engulfing candle on the 1HR chart, indicating possible upcoming bullish movement. The candle is supported by a strong 12-month-long trendline that price has respected 3 times previously dating back to January, 2015. At the PRZ, a bullish pinbar has formed on the daily chart. The wick falls on a series of fib levels from structure...
1. 61.8% Fib ( 3267-3368 ) 2. 50% Fib ( 3224-3368 ) 3. Rising Channel 4. Uptrend on all higher TF's 5. 1H Bullish Engulf & 4H Reversal Candles USDCAD remains in a strong uptrend, however we are starting to see momentum slow a bit, hence the conservative targets for this trade at 1.3390
Showing clear cycles to the upside the recent retracement to a support level and close as a bullish engulfing bar including a retest of the 20 ema and a rejection of the 78.6% Fibonacci level are demonstrative of bullish impulse. entry - above high of bullish engulfing bar stop loss - below low of bullish engulfing bar target - most recent swing high or higher
USDCAD showing signs of reversal at 1.3052 The area marks previous resistance turned support, as well the 50% Fib level of the last leg up. So far a doji (indecision) candle has posted at this level, and a bullish engulfing candle in the making on the 4 hour chart marking the London Open. Conservative take profits target the downward sloping trendline from yearly highs
Shifting trend with a succession of higher highs and lows, price has found support at the 8 and 200 ema , and a price level of 1170 which are all located in very close range to one another. Closing the day as a bullish engulfing bar in this support area signals a continuation of further bullish momentum . entry - above high of bullish engulfing bar stop...
Trend line and horizontal support. RSI divergence as well.