OANDA:GBPUSD GBPUSD broke the resistance level with a bullish engulfing on the 1H, then retested with another bullish engulfing candle on the 15min
Sell when price touch the line. #supportnresistance
$SPY Bearish Engulfing on the monthly There you have it. January closed with one of the most reliable indicator of trend reversal - the bearish engulfing candle - on the monthly chart. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my...
We have a Bearish Engulfing on the Monthly along side with extreme amounts of RSI Bearish Divergence and soon the MACD will be crossing bearishly for the first time since 2018. In the past the monthly bearish crossing has lead to at least a 30% correction back down to the 55 Month SMA. One last thing to note is that if this Monthly Candle continues down a little...
Hello Traders, GU looks like a very much a down trend for the past week. Therefor, trading it to the down side would be your best bet in your favor. As you can see the the candles are retracing to mitigate anything to bring back in profit to continue to a sell/short. Possibly would hit to the 38% to the 50% retracement to reach to the target area. According to the...
And were in! Not the entry I was waiting for but we always have to adapt to the markets. Entered this after price rejected the interim level retest and engulfed the previous candle. Let's see how this gets on. What positions are you guys looking at, let me know.
XAUUSD has formed a significant bullish engulfing closing at 8am CST. The engulfing candle engulfed 4 previous candles and closed above resistance. Entry is at the high of the previous candle to the engulfing candle which was rejected perfectly confirming this long setup. Significant bullish engulfing on the daily time frame as well. SL is set below the engulfing...
In the chart you will see my speculation and small analysis of the instrument $CAKE. By any means don't take this analysis as financial advice and do your own research before initiating and risking capital
We see a bearish engulfment followed by a big bearish candle. So simple we can see a downfall Consider the following points as well Nifty VIX 17.82 DXY 95.502 United States 10-Year Bond Yield 1.857 US inflation rate Volatility is expected to increase
AUDJPY has been in a clear bearish trend for a while now. With that momentum in mind, we can see a nice double-top at the support on 82.466. We can also see a rejection off of the trendline and a nice bearish engulfing for price action. This trade should run 65 pips to the next support on 81.658. Good luck this week traders!
Death Cross on D Bearish Engulfing on D Resistance 45K Expecting Retest 39K and break below to Target 35K >30K No Financial or Trading Advice
This trade idea is a medium-short trade taken on the 4hrs timeframe. NFA Trade safely and manage your risk.
We have somewhat of a Bullish Gartley here with kind of a Bearish 3 Line Strike but more of just a Bullish Engulfing on the Weekly at the PCZ of a Harmonic that's kind of a mix of a Bat and a Gartley. Lets just say it's a Bat for simplicity as it lines up with the ABCD move.
An ABCD Pattern has formed. If you have missed it and would like to engage the trade, you could wait for a retest at 0.9075 for a buying opportunity.
GBPCHF has formed a significant bullish engulfing that engulfed 3 previous candles and closed strongly above resistance. The engulfing candle closed at 4am CST. Price perfectly rejected the 61.8% fib level 3 times with a wick which confirms this setup. SL set 3 pips below the engulfing candle low. TP set at 3X risk.
CARERATING seems to look positive on the chart, currently at around 615. It is being expected that the stock can initially face a Resistance at around the levels of 651, 678 and 720. Whereas on the downside levels, it can face a support at around the level of 602 on a closing basis. Disclaimer: No financial information whatsoever published here, should be...
EURJPY. Bullish Engulfing Candlestick On The 4H Chart. Euro Yen Market Remains Bullish.
CHFJPY has formed a perfect in trend engulfing long setup on the 4 hour time frame. The engulfing candle formed December 23rd at 8am (closed at 12pm noon) engulfed 3-5 previous candles. A perfect rejection and wick through 61.8% retracement level confirms this long setup. Entry is at the 61.8% retracement level. SL is set 2 pips below the engulfing candle low. TP...