#USDCAD to continue the downtrend after the formation of a bearish engulfing pattern that is pushing the price below a previous significant swing low.
Yes, both trendlines are pointed at different directions but you can see how similar it can be based on my analysis. First, we have to register the fact that the trend on the 4-hourly chart is still bearish and the market is within the sell zone. I am waiting for a shorting opportunity. So a bearish engulfing might just set up well for me to engage a short...
Date Pair Direction Trade Trend Level Signal Entry 2019-09-03 AUDUSD Long Counter Trend Down Horizontal Support Engulfing retrace
Price action analysis identified potential EURGBP uptrend continuation and long opportunity. Bearish engulfing candle trigger, confluence with; horizontal resistance, 62% fib and 89 WMA.
AZO Has the appearance of having completed its leg up, and still has room to move downward toward 888 area in my opinion. Below are multiple timeframe looks at possibilities of this look like. Weekly chart would appear to be presenting AZO in a possible first wave in a longer term view. On the daily, printed a big fat huge bearish engulfing candle last Friday....
As described on the previous idea Bitcoin has hitted a strong support level. Here is a example what it would of been a great entry. On the 1 hour TF the market had given us a Bullish Engulfing candlestick formation with a increase in volume and after that the market went up. Alway wait for the right entry. Here it was: 1) Bullish Candlestick Formation 2)...
Bearish engulfing bar on H4 as well as D1 (see link for D1 view ) Both sell signals located around areas of value. Trading the engulfing bar usually offers a strong risk to reward ratio and in this case the provisional target is 3 times that of the risk (and price could fall more after that which will increase the reward substantially against the initial...
Bullish engulfing completed after the resistance broke. This is confirmation from price action for the bulls to resume. For this type of setup stops are best placed below the engulfing bar and the target is at least 1:2 risk to reward or next resistance level (if it has good RRR) Don't invest what you can't afford to lose. This is not investment advice....
Contrarian buy in NYSE:F looks relatively attractive. We continue to see some very nice MACD divergence on daily and price has already retraced by 50% of the move up in early 2019. Today's bullish engulfing candle (if formed) might indicate first sign that the bottom is in. Trade is to buy at current levels, with stop at around 7.4$ and target of around...
#Accumulation_Recommendation Pair : #REN / #BTC Technical Analysis Pattern Creation : On the daily time frame of REN and BTC pair on Binance we have seen that a creation of a bullish engulfing candle stick with a good shape of a falling wedge. It is still trying to break out from the falling wedge and can't be considered as a confirmed call unless we see a close...
Morning traders Looking at a great setup on British Pound versus US dollar with Bearish Engulfing candle pattern forming on the daily charts between Friday and Monday and drill down to the 4 hourly charts and we see a head and shoulders pattern forming. Both suggesting British pound is about to head lower versus US dollar. Additionally we have bearish...
XAUUSD pullbacks to hourly demand zone in Euro market, which is the trade that I've been waiting for since last Friday's rally. I'll be very interested in this 0.618 pullback of the engulfing, Let's see how it goes yo!!
Deutsche Boerse AG German Stock Index DAX. The German Stock Index is a total return index of 30 selected German blue chip stocks traded on the Frankfurt Stock Exchange. The DAX has a base value of 1,000 as of December 31, 1987. Candlestick Pattern: Bearish Engulfing The ideas and price alerts published here are not financial advices.
Possible short opp on its way Wait for the break and the close and then only start to think about your entry technique
EURUSD bounced off resistance level at 1.1066 twice with 2 bullish engulfing candles, creating a potential double bottom and a great opportunity to buy.
Looking at the USDCHF daily chart, a bearish engulfing candle has formed around 0.98, a psychological resistance level.
1.bullish engulfing 2.100 points upmove possible with 50 points sl 3.strong support zone
Nice shorting opportunity.. pull back to structure.