Engulfing Candle

XAUUSD has formed a bullish engulfing on the daily time-frame. SL set below engulfing lows, TP set at previous highs.

EURGBP has formed a bearish engulfing on the weekly time-frame. Price is currently pulling back, I am watching the shorter time-frames for a low risk entry. SL set above previous highs, TP set at previous lows.

GBPUSD has formed a bearish engulfing on 7/7/17 after making a lower high. Price failed to make a new high. SL set above previous highs, TP set at previous lows.

XAGUSD has formed a bearish engulfing on the daily timeframe. This is a very interesting, low risk opportunity. Looking left, there is a very similar structure with a long wick, followed by a bearish engulfing candlestick, which resulted in a bearish continuation. Price failed to make new highs. SL set above bearish engulfing highs, TP set at previous lows created ...

GBPJPY has formed a bearish engulfing candle on 7/10/17. Price failed to break above previous support. SL set above previous highs, TP set around 61.8% fib level near the trendline.

SBUX Weekly Chart Looking Bearish with #bearishengulfingsignal and #doubletoppattern https://www.tradingview.com/x/TXVv0bpC/

Very often the downward move on cryptocurrencies is very steep. To catch a moment of reversal I'm using fibonacci retracementool. In moves like this I'm looking for a range between 76,4% and 85,4%. This time the price hit 85,4% and the 4h candle closed above 76,4%. Moreover let's look at Volume of this candle, it's a lot above avereage. This is a good signal ...

Hey guys, the background has not changed here, price is always in a key structure daily zone and i'd want to short it again. Right now we have a divergence on lower timeframes along with a pinbar+engulfing candle at the end of it. This is what makes me think we're headed lower. Order's set, let's see. Trade safe! If you have any question, feel free to comment ...

Top companies like Facebook amazon Tesla Google etc. experienced very strong bullish movement for the last 10+ years. I think that this rare candle stick pattern on weekly chart is suggesting bearish movement. Two Black Gapping which according to the Bulkowski’s book it has probability of 68% that the market will follow the signal. When You will look at the ...

GBPAUD has formed a 100 score Bearish Engulfing trade setup on the daily timeframe. This setup is confirmed by a very strong downtrend, a very strong Bollinger Band outbreak, and a significant engulfing candlestick. SL set at previous highs, TP set at previous lows.

In the 4H chart price has formed a bearish engulfing candle indicating the price might have been exhausted of the up move and is now being taken over by the bears. I entered a short at current price targeting at least the 0.618% retracement as TP. SL above 147.895 Safe trading guys!

ENTER 51.22 STOP 49.92 TARGET 59.36

NZDUSD SHORT & LONG OPPORTUNITIES PLAN *FAILED FOR HIGHER HIGH *ENGULFING CANDLESTICK ON DAILY *POSSIBILITY FOR PREVIOUS RESISTANCE LEVELS *RETURNING FOR HIGHER HIGH LEVELS

The price created Bearish engulfing pattern on the chart. This is reversal signal of the uptrend move. Taking into account situation on lower timeframes, where the bulls are taking action, I'm expecting the ETHXBT to return above level 23,6% of drawn fibonnacci retracement. When this occurs, it will be the best moment to open short position. Moreover there is ...

NZDCAD has formed a bearish engulfing candle near a very strong support level. A very strong upper Bollinger Band outbreak also confirms this trade setup. SL set above previous weekly high. TP set at previous lows. This is a long-term trade setup.

GBPJPY has formed a bullish engulfing on the daily timeframe. Price failed to make lower lows. SL set below previous lows, TP set at previous highs.

USDJPY has formed a bullish engulfing on the daily timeframe. Price failed to make lower lows. SL set below previous lows, TP set at previous highs.

NZDUSD has formed a bearish engulfing candlestick on the daily timeframe. SL set above previous highs. TP set at previous lows near support.