EURJPY has set up a perfect in trend engulfing long setup on the 4 hour time frame. The engulfing candle formed on Dec 23rd at 8am (closed at 12pm noon CST) engulfed 6 previous candles. The engulfing candle also closed above resistance of the previous highs. Price rejected the 61.8% retracement level perfectly which confirms this setup. Entry at 61.8% retracement...
$BTC Bullish engulfing candles on weekly have in past signalled a bottom (check pointers in chart) #Bitcoin just printed another weekly Bullish engulfing candle LFG🔥#BTC
Please if you like my idea hit like and follow me. I need your encouragement. Gold broke a major swing downward and created a low at ca. 1753 before retracing to QM level. We had a decent reaction at the QM level, and we should get ready for a sell. The best scenario for me is a retrace to ca. 1809 for a sell. Targets are 1760 and 1739. Please note this is not...
GBPCAD has formed a significant bullish engulfing with a big wick on the 4H time frame. Confluences: Huge bullish engulfing candle with a big wick engulfing at least 4 previous candles. Huge bullish engulfing pattern on the weekly time frame. 20EMA rejection. Current uptrend. 1st entry: 50% Entry with 1:2 risk to reward. Safe SL below engulfing low. 2nd entry:...
AUDJPY is bearish. Three lower highs. Trend Line, EMA 10, and EMA 20 is a negative slope. Engulfing Candle located at lower high.
The long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the...
NASDAQ:AAPL Observations: After breaking the upward channel, Apple is at re-test point on upward band of the channel. (shown at B) It closed at the 76.4% Fibonacci level from the lows of Oct 2021. (Shown at A) Though the bearish engulfing is formed, the weakness can be only confirmed once upward channel is decisively broken on downside. The level is also...
Ethereum (ETH) with Bullish Engulfing on 4 h chart - a strong candle pattern. Also a nice breakout of the RSI - should be confirmed by OBV. A flip of the MA Ribbon back to green would be the next nice step 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *no financial advice do your own research before investing
Walmart (WMT) Bullish Engulfing Candle
If #Btc close less than 47180$ we'll have 44870$ .
GOLD is currently at a key supply zone, marked out on the 30M timeframe. Previously, GOLD has rejected this zone with strong momentum, and we can already see strong selling pressure at this zone. We've just seen a huge bearish engulfing candle formed the 30M timeframe, creating a new lower low. I am now looking for GOLD to come up to supply once more to complete...
1. High Demand Area - Every time price has been in this purple box area it has made BIG to moderate upward moves. 2. The biggest Parabolic upside move for CROUSD was after the bullish engulfing candle as marked. Now we could close today at another bullish engulfing candle again.. which means that we might expect similar up action to follow like last time (to a...
The Aussie Dollar has been on a significant bear run and is starting to show signs of exhaustion. Structurally speaking, the daily time frame raising channel is holding, with the lower/support trend-line being tested and forming a higher low. The four-hour time frame just printed a bullish engulfing candle stick pattern at the test of the trend-line which I used...
PYPL broke down from a messy Head & Shoulders formation of sorts (head-shoulder-head-shoulder) in Oct and had been trending down strongly since. It eventually came down to about 180 on 1st Dec last week, which incidentally was it's H&S target and also a possible horizontal support zone here. However we only see a decisive bounce off this level today, opening with...
Although xauusd is negative in monthly and weekly time frame, in daily time frame i see a Head and Shoulders formation possible. The reasons listed below are what make me say gold will grow at least to 1807-1814: 1- D1 bull Engulfing Candlestick Pattern. 2- breakout of H4 down trendline. 3- H4 MacD Divergence 4- 1807 is the top of the left shoulder I expect a...
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
NSE:DEEPAKNTR current week candle showing good momentum. CURRENT WEEKLY BULLISH CANDLE ENGULFED PREVIOUS WEEK BEARISH CANDLE , it may show good reversal towards its all time high. it can be taken as short term trade. ready for a BIG MOVE. do your own analysis before investing.