Engulfing Bar candlestick pattern formed on GBPJPY. Pound Yen Currency Market is Bearish.
Simple and price action! chart is so obvious that does not need anymore comments.just be careful when adjusting stoploss! good luck all!
AES made a "golden cross" on 9/1 and the daily candle made a bullish engulfing candle. In addition the Bullish Engulfing candle closed above the (weekly) descending trend line of the triangle. OBV crossed above its 9 day EMA and the 13 day FI recently crossed zero suggesting momentum is accelerating. Stop: 2XATR ($24.59) Target: $28.89 (prior resistance)
Bullish Engulfing Candlestick for GBPCHF. For Forex Mastery Institute (FMI).
USDCHF-Bearish Reversal Engulfing Candle. Homework for Forex Mastery Institute (FMI).
Daily Flag Pattern 4H Trendline markup for Daily Flag Pattern 4H Ascending Triangle being created after touching bottom of Flag Pattern 4H Bearish Correction 1H Bullish Engulfing on bottom of Ascending Triangle trendline & 4H Zone. 30m double bottom (reversal pattern). Daily exhaustion at 4H Zone.
US30USD Potential Swing on US30. Price has tested on a key support level on the daily chart. A bullish engulfing candlestick pattern on the Daily chart will be confirmation to go long and swing US30
GBPUSD could forming Bullish Engulfing pattern. While Above 1.1717, GBPUSD could Potential Target 1.1937, 1.2005, 1.2073. Break & Hold Above 1.2073, Then GBPUSD could Potential Retest 1.2175 & 1.2291. But If GBPUSD Break Below 1.1717, Then It Could Cancel Bullish Engulfing and Open The Way To 1.1645. (From AB=CD pattern, where D=1.1645).
Hello traders 👋 EURUSD broke 1.0000, which was the support line in the previous strong decline. As for EURUSD, the closest support can be around 0.97600, so there is little risk of opening a short trade. Note how strong the DXY is growing
OANDA:US30USD US30 has broken its bullish structure. A retest formed and the bearish engulfing candle which has formed is confirmation for entry. Target is the weekly key support level I highlighted on the weekly timeframe.
OANDA:AUDUSD A break and retest of key support turned resistance on AUDUSD. Bearish Engulfing candle is confirmation to go short
OANDA:GBPUSD GBPUSD Broke out of a strong support level aggressively without any retest. My anticipation for next week is for GBPUSD to retrace to a key level of resistance of the 1H and form a new lower high, a bearish engulfing pattern will be confirmation to go short
Hey traders, In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle. On ETHUSD chart, I spotted for you bullish & bearish examples of this pattern. The logic behind this pattern is quite simple: ⭐️In a bullish trend, after a strong directional movement, the price reaches some important...
I am looking at trading the DAX today on the 4-hour time frame. Yesterday, we saw a major drop from the top of the daily resistance level. Price dropped around 2.5%. As we are still trending upwards and making higher highs and higher lows, we are now looking for an opportunity to go long. I have been testing a new strategy involving Bolinger bands, a fib...
Nas was setting up for a great trading opportunity on both sides which is very rare to say the least. There were many confluences to have assisted with indication of buying and selling pressure for the day. Confluence #1: Triple Top pattern, Price closing below 13361.00 on lower TF, Price closing below the directional bias arrow of 13651.00 Short 7:1 Short...
Looking at trading EUR/USD. We are on the 4-Hour Chart. As we can see, the price has been pushing downwards recently. Some would say we have broken out of a 4-hour ascending channel. I'm looking at the support around the 1.01 price point. We can see that this area was flipped from resistance to support and has bounced off of this zone every time we have...
We are looking at a 78.6% Retracement and a D1 Bearish Engulfing Candle formation. Target 135.000.
OANDA:NAS100USD Nasdaq has broken it bullish move. The head and shoulder pattern was an indication of trend changing to bearish and the pattern proved to be bearish. Currently awaiting on a retest at key support turned into resistance. A bearish engulfing pattern will be a confirmation to go short on Nasdaq.