- Bearish engulfing with pinbar at 1h, 2h and 3h timeframes
- at strong resistance level
- at VPVR level
- Market Cipher bearish red dot with purple diamond at 2h TF
- RSI returning from the OB condition
Entry: at the 3h candle close
SL: 32300
TP: upon your criteria (careful with 31100 support in case we´re in short term bullish trend)
DISCLAIMER: not a...
I was checking situation on EURUSD and after few hours on third hit symmetry price created beutiful bullish engulfing signal it's 1:1 trade so i decided to jump into long position
Hello traders and investors! Let’s take a look at SPCE again! Is it finally interesting now? Well, we’ll see.
SPCE is still in a bear trend, and there’s not a single reversal sign around. We can assume SPCE is just bouncing back to its 21 ema, before it drops again.
However, I agree that the recent candlesticks are looking interesting, and it gets better if we...
the bitcoin is in bearish price channel
and now is in the strong support zone
it also forms the head and shoulders pattern
we can take long position in it
and take loss limit below the support zone
and take profit in the top line of the channel
or save profit in it and move your stop loss
in previous ceiling.
Based on the chart, a strong bullish movement have happened recently and it seems a correction finished. So based on the support and resistance area and the market movement(A bullish Engulfing Candle), we can consider a good bullish movement for following hours.
So I opened a buy position with a good risk reward ratio which can be about 1:4.5
Note: As always...
A bearish engulfing happens on the Friday close. On the daily chart, there is an Emerging Bullish Gartley Pattern and on the 4-hourly chart, there is an Emerging Crab Pattern that complete in the proximity of the Gartley Pattern.
I'm waiting for a shorting opportunity at about 9am tomorrow and hopefully, there is a double top with RSI Divergence to support my trade.
USD/JPY put in a convincing break under rising support from the beginning of this year, opening the door to a lasting turn lower.
This also followed the emergence of a Bearish Engulfing candlestick, further compounding the argument to the downside.
Now, the 23.6% Fibonacci extension is sitting below as key support at 109.51. Breaking under would expose the...
NYSE:CALX gave one of my favorite bars today which I like to call a Death Star. It is an outside bearish engulfing bar that tried (and failed) to make a new high. It is one of the worst bars you can see at the top of a chart.
This one also broke out of the top of the triangle (and failed) and then broke the bottom of the triangle and closed under the trendline...
