On the 1-hour timeframe, we see the bearish divergence formation. On the 2-hour timeframe, we see a confirmed reversal pattern represented by a shooting star candle "A" with a bearish engulfing candle "B" confirmation. 4-hour timeframe, also represented by shooting star. We can expect a downward movement with a take-profit target near the "B" support area of $120,...
NZDCHF has formed a significant bearish engulfing on the 4 hour time frame. The bearish engulfing candle engulfed 4 previous candles and closed at 8am CST Friday. SL set at engulfing candle body high. TP set at 3X risk. Sell limit set at 50% retracement level.
H4 : Once again the clouds acted perfectly well on both sid e, in rejecting, respectively a downside breakout attempt around 60'000 and more recently an upside breakout around 63'600. In addition, price action on the top of the clouds, triggered a "BEARISH ENGULFING" pattern. Ongoing downtrend channel still in place and clouds area should be seen as a...
Entry price: 199-201$ Target price: 186-189$ Bollinger bands: the price approached the upper boundary RSI: bearish regular divergence, therefore, the price retracement is likely to occur Stochastic: the asset is overbought Candle pattern: bearish engulfing Conclusions: All indicators suggest trend reversal in the near future. Thus, the short position is...
NYSE:MAC looking good with a bullish engulfing bar today with MACD confirmation and a chart that is making higher lows.
NZDCHF has formed a significant bearish engulfing on the daily time frame Entry at the 50% retracement level has been perfectly rejected 3 times. The bearish engulfing candle engulfed 5 previous candles. The daily time frame bearish engulfing candle closed Wednesday. SL set above engulfing candle high. TP set at 3X risk.
EURGBP has formed an in trend engulfing setup on the 4H time frame. The engulfing candle nearly engulfed 6 previous candles but didn't quite clear the previous candle high but the daily and weekly time frames supported this setup. Also, nearly all other EUR pairs are very bearish. The daily candle closed below a previous strong bullish engulfing. The weekly time...
You are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators. The base...
HUL - 12/10/2021 Engulfing Closing 2675 enter in between 2600- 2680 Plan Your Trade :)
Hey guys, Based on the chart there is a good buy opportunity for XAUUSD. So lets check the chart with us and see what is happening: ------------------------------------------------------------------ 1. Breaking the bearish trend line ( Bullish ) 2. Bullish Engulfing candlestick ( Bullish ) 3. Breaking a resistance area strongly and a pullback is happening (...
GBPNZD formed a significant bearish engulfing of 7 candles at 8am (CST) on the 4H time frame. ECB President Lagarde speech @7am helped form this setup. SL set above engulfing candle body high. TP set at 2X risk.
EURJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame. This engulfing candle closed at 12pm noon (CST) on Friday. SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.
CADJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame. This engulfing candle closed at 12pm noon (CST) on Friday. SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.
Hello traders, this is an idea for USDJPY. Nice double top on the 4 hour time frame. Two possible scenarios. 1. Price could retest and go long to form a nice head and shoulders and then retest neckline (111.200) and go short from there. 2. Price can breakthrough 111.200 and retest 111.000 and then go short from there. If you agree, give this chart a like and...
Hello traders, this is an idea for XAUUSD. A nice bullish engulfing on the daily. Let see price retest 1749 - 1750 and then we can see some great long opportunities. I want to see price hit 1803 If you agree, give this chart a like and follow for more Trade responsibly.
audnzd has a textbook bearish harmonic crab set up on the 1 hour time frame with a bearish engulfing candlestick pattern that follows . short and put stop loss above the bullish candle for confirmation of setup at a 10 pip risk. usually Sl would be above harmonic reversal zone but since we have confirmation candle lets keep our risk even smaller and a...
Hey guys, Based on the chart price is in a good situation for opening sell positions on XAUUSD. But let's go deeper on our reasons and see what's on the chart: 1. Price is in a downtrend ( Bearish ) 2. A correction have happened --> price reached to 0.618 Fibonacci and dropped ( Bearish ) 3. Bearish Engulfing Candlestick ( Bearish ) 4. Currently price is in an...