DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., INVESCO QQQ TRUST, SERIES 1, DRONE USA, INC, BANK OF AMERICA CORPORATION
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
break below weekly low is my entry.
Failed to Break Weekly Resistance
Bearish Engulfing Candle
Update on BTC and highlighting that I'm looking to start implementing supply and demand zones within my trading strategy. I've been looking and studying S&D for a little while and feeling confident to start adding it to the mix.
My overall goal is to utilize it and candle patterns as my main strategy. As I've mentioned before 99% of indicators are lagging and ...
Yesterday's OIL broke a new low a gain and formed a bearish engulfing bar. it is now in retracement, so we wait the price comes back to the previous low, retest and look for bearish price action to enter short.
Long term trend: bearish.
expected TP zone: 55
Reason to Long
1) Bullish candle = uptrend
2) 2920 = key support
3) 0.618 fibo level
1. Bullish engulfing candlestick on Friday (a particularly bearish day for market)
2. Recent crossover - 7-day JMA crossing up on 10-day DWMA
3. Upward trend line held support on Friday (although this is a weaker signal because, although trend line starts January 2016, it was only established when bottom was reached on 10/30/18)
4. Impending price momentum ...
Although ICON is now on uptrend, it's currently forming a daily bearish engulfing. If it doesn't bounce from the yellow box, I'd expect it to go back to monthly S1 (78.6% Fib level). Otherwise, my targets would be monthly P (50% Fib level) and 61.8% Fib level.
Based on simply EMA trend lines strategy.
If you like my idea, pls. hit that "like" buttom or leave a comment. Thanks!
Since Trump is actually still in office I would like to see this happen with EURUSD, but interest rates are also messin w the vibe so who tf knows mate
Gartley: segment CD in formation?
GBPUSD has broken the downtrend but still hasn't formed an uptrend. the bearish engulfing bar is a good sign of a retracement back to form an uptrend around the 1.3045
I am looking for a pullback to the .382fib from the previous days bar for an entry at 1.3180 tp at 1.3080 100pips SL 20-30pips.
points for strategy.
bearish engulfing bar
macd cross over
The bearish engulfing candlestick is one of the more popular and well known candlesticks. It works very well as a bearish reversal, performing that way 79% of the time (ranking 5 out of 103 candlestick types where 1 is best).
Trendlines after weekly close.
Price has recorded a bearish engulfing candle on the daily chart where there is also a resistance zone. there is a head and shoulders pattern being formed on the 1 hour time frame. I will wait for this and the trendline on the 4 hour time frame to break and then I will short it on the retest.
We are going to wait for the channel to be broken as there is a double bottom recorded on the 4 hour chart as well as this there is an engulfing candle on the daily where there is also a major support level, I will buy on the retest when it breaks out of the channel.
Predicting the market to be bullish
Confirmed with the bullish engulfing in an
oversold condition and a Stochastic crossover
Like & Comment below your analysis.
If confirmed this is considered a reversal pattern.
Bullish engulfing candle near major support level 1.2900 and FIB-retracement level 61.80%
with a crossover of the Stochastic in oversold conditions on the Daily.
Once engulfing candle is closed and fully formed, I'll be watching for a long entry at the 1 hour chart with an
oversold Stochastic and confirmation of a candlestick pattern.
Here on the USD/CAD we have good reasons to go short:
1-The market is under 200EMA (Bearish Trend)
1- The market is under the 50EMA (Bearish Trend)
2- We can see a nice pullback after the Daily support level has been broken
3- We also have a good entry reason to go Short-> the formation of the bearish Engulfing candle