Here on the EUR/CAD we have the following reasons to go LONG:
- Bullish Trend
- Near Daily Support Level (higher low of the trend)
-Bullish Engulfing Candle/ Hammer Candle
-AUDCAD showing signs of reversal after buyers pushed price up into resistance but sellers pushed down and engulfed the whole 4H bullish candle.
-This price action resulted in a 4H bearish engulfing AT RESISTANCE which is a bearish sign meaning sellers may be stepping in the market.
-Keep enough distance below the low of the engulfing candle to ...
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 ...
If the day closes as above yesterday's open price, that will create a engulfing bullish pattern , corresponding with the lower side of the triangle. This trade will yield a good profit over 250 pips and a stop loss at 0.9718 price. Let's hope we achieve this target . Happy trading !
COPPER: After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. ...
After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. Definitely ...
Watching a short-term 1 hour bullish engulfing candle bounce play off of support. I'm long at current level and looking for price targets at or above the 1460 satoshi area. Don't fall in love with her just trade the bitch! Viva La Crypto!
Spotted the worlds smallest bearish engulfing on 4hr. Not including the bearishness of the other indicators, does this count as engulfing? I zoomed in and yes it does very slightly open above where the green bar closed.
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 ...
We have entered a long position on JSE:ABG because of a bullish ngulfing pattern tht has formed.
Although there is not much history on this instrument, it is also at a support level which solidifies the signal.
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 ...
Today, European President Draghi was due to testify about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee, in Brussels. To sum up what he said in his speech, he clearly stated that the European economy is stabilizing from its draw-down in the 2007-2008 financial crisis. This is why we have been seeing the ...
1. It is all down trend.
2. MACD, RSI, Stoch show that it should go more down.
3. The Support of 1.13000 will show some strength, but will be break.
4. The 21st of Nov candle formed a engulfing candle and the next two days the buyers couldn't get much power.
The current scenario for NIFTY 50 doesn't look good at all.
1. Let's talk about recent one, you can clearly see that it formed a Bearish Engulfing candle on the weekly chart.
2. There is a Head And Shoulder pattern formation is in the process, which is most likely to complete in December.
3. If you look at the Retracement Levels, You can see that it ...