-Engulfing candle on the highs
-Broke support, and coming back
Whats the play here?
I see a retest of the previous support now turned resistance, that with the current confluences I see it going at least to the previous lower close, if we look left that seems to be an important zone.
I might take some out of the table and let it...
Hello traders, this is a simple trend following and Candlestick trading pattern on CHFJPY which works only on the 4H time frame. After a move up, we have a re-tracement and price returns to test a psychological resistance level which is the only resistance levels i use in my trading. Remember this strategy also works very well with diagonal trend lines, it also...
Reasons for entry:
- Price is currently on a uptrend
- Price has rejected and retested the 61.8 fib
- Possible hammer candlestick forming on the 4hr, weak hammer candlestick already formed on the 2hr
- Strong bullish engulfing on the 30min timeframe
- 30 min bullish engulfing
Recently Wanchain has fallen out of the Top 100 on CMC, some people may never check page 2...not everyone is as saavy as you! (HINT: This is in our favor)
On the Daily Time-frame for BINANCE:WANBTC there's a huge bullish engulfing candle with massive volume found inside yellow ellipse.
Then we find it retraces back to, holds and bounces from that same...
Reasons for entry:
- Possible 1hr H&S pattern
- Price has rejected 0.7150
- Price is stagnating and showing a loss of momentum
- Possible weak Eveningstar candlestick formation on the 1hr timeframe
- 15 min bearish engulfing
- Target 1 @0.7050 (+90pips) = Risk/Reward : 1:6.2
-CADJPY looking bearish after showing signs of reversal. Buyers pushed price up into and past resistance before the previous day's candle close. The next day, sellers stepped in and pushed price all the way down past yesterday's daily candle open.
-The price action resulted in a bearish engulfing setup AT RESISTANCE which is a bearish sign.
-On the 1H...
As we can see in the graph according to fibonacci retracement we jumped to 0.78% level Now it's time for ball to drop from this position . As we have also seen that main trend in bearish for GJ So, It's gonna hitting to 141.00 Very soon Time frame M30. I have seen a bearish enfulg here.
Get ready to take a handsome profit . follow us .
Arguments for short:
- Last price jump moved over two resistence levels and stopped on Resistence2. So there is a space for correction to Resistence1=new support or up to the level denoted Support.
- Engulfing kandle in the last triangle.
- Last triangle is beeing tested from the bottom just now.
- Previous two triangle breakouts did not lead to significant price...
Very good point to secure profits now and simply wait for the next move, which could be both ways.
Blue lines are marking the crucial limits to break. Due to the bearish engulfing on 6h I see a more significant
down-potential as a short correcture of the recent jumps.
Weekly candle on crude oil closed as a bearish engulfing > www.candlesticker.com
This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body...
My bias. Got my sell entry on the 15 minute. Oversold on the 15 minute chart to the 4H. I may potentially ride this one down to the 1.04090-1.04000 area (Bullish Engulfing Pattern on the 4H). I might buy after the sell is over - but that will be updated in another post and depends on what happens here.
*Enter if your...