EUR/JPY 0.11% i am starting to enter short positions after yesterdays engulfing daily closure of last 8 days action.
See from image that the trend lines are indicating bearish momentum.
After ECB Dovish meeting yesterday we are looking at heading towards the 124.00 mark.
JXY -0.25% is also due a bounce higher off its daily bullish channel .
I will update ...
We are at a relatively lowest area in the whole of 2018, even the market is bearish now, don't open short position at this level, the risk is too high. We would better search for the chance to long in the highly oversold area
The chart is pretty self-explanatory.
Bullish Divergence is confirmed by the RSI making a higher high on 4h chart followed by a Bullish Engulfing all point up.
***Not financial advice. Always DYOR***
We had a decent steep decline in price but as always price has to correct itself. Weekly s1 was a good place to start that correction. Right now we could be looking at a strong resistance at 23% fibo of previous wave or even 38%(which I think is less likely looking at the bearish momentum we got). I'll add to my shorts again near the green dotted line. Huge ...
It seems during btc downtrend since Jan, out of 14 bullish engulfing candles on daily, only 3 has failed.
#1 was a no brainer bad trade as it was near resistance and had no clear down trend before.
#2 was false signal
#3 stopped out before going up
Now we find ourselves on a daily engulfing on major support at 7k. And we are having a pull back. This is a good ...
On the chart we can see that an engulfing bearish candle has formed. As a pretty reliable sign of trend reversal/continuation I suggest placing orders with a Bearish sentiment. The zone highlighted in green might be tested next week.
In this video I show some good past setups on the EURUSD that would have been profitable as well as take a look at where the markets may be going over the next week or more. I focus primarily on the inside bar pattern and some potential ways to trade these setups.
Since early this year there have been a number of high quality price action setups including inside ...
The new candle on 1 day chart had just formed as we just close the day per UTC.
The new candle is bearish engulfing candle that embody 2 previous candles and it just makes the pattern looks like three falling pattern.
As we see, the pullback as the over sold on 4hour has make a channel that ready to break down.
The channel on 1D chart formed from 50 MA and 100 ...
Bitcoin :-
1.Bitcoin has broken out of the inverse head and shoulder on daily charts which confirms the move to the top once again.
2.Price have broken above the downtrend line which set the bear market in trend at the first.RSI breakout also took place on charts.
3.An extremely important factor is the bullish engulfing currently in place coupled with moving ...
