We are short AUDUSD and see a bearish engulfing pattern identified by the candlesticks with black arrows, however there could be a potential counter attack if the resistance level of 0.713 is breached. However we expect the downtrend to continue despite better than forecast Australian retail sales (0.8% actual vs 0.3% expected). This is because the RBA don't...
bearish signal: sell below 470 with sl 476 for 460
In at $33.29. 1 ATR stop in place. Target = 20% Bearish engulfing. Biotech sector bearish.
Bearish engulfing Sell below 1686 with sl 1702 for 1674-1662
Bearish engulfing at resistance sell below 253 sl 256 target 248-246
on the cadnzd pair, I see bullish potential from support zone + falling wedge pattern. Price reacted very well from support with an engulfing bar and has retested newly formed support zone. Looks like potential inverse H&S but can't be too sure on that. Price has also reacted very well off newly support zone.
Reason to Sell 1) 11700 - 11900 = resistance area 2) Counter-trendline broken 3) Engulfing candle
Ascending trend line coincides with key level. 4H bullish engulf formed on strong support. Good chance for a long here. All the best!
Hey! It has almost two perfect bearish Engulfing patterns in a row and this is pretty unusual: The last week candle managed to break and close below the 2018 low level and we can assume that the movement may continue in the further week. Wait for a pullback into the blue box area and it should be ready to make another move from there. It goes just a little bit...
Currently USDJPY is looking to be a short position as its broken trends and resistance zones if the price retests to the previous support and respects it as a resistance level the price should continue to go short however if it breaks back into the upper resistance zone i will lead it back into the trend that it broke out of and is a possible long position.
o Trend is clear o price never broke blue line till... o on the peak it broke blue line and closed below the brown line o Sell trigger would be on that candle bearish engulfing o Since bearish engulfing is happening it's confluence with the trade
Reasons for entry: - 88.6% fib rejection - 1.1310 Minor psychological level - PA is wicking + bearish engulfing - Price is losing moment and beginning to stagnate - 2hr Doji, possible evening star forming on the 2hr Entry Timeframe: - 1hr bearish engulfing (weak) + 2hr Doji - 1.1305 Stop Loss: @1.1319 (-14pips) Take Profit: Target 1 @1.1225 (+80pips) =...
After a parabolic move up, then a breather, and another 10 straight weeks of aggressive gains...I am looking to short Boeing on a pull back from the $420's down to the $380 range. Currently trading at $422. Special tips: - I cite "Irrational Exuberance" as the reason for this short, however... - Remember that "the market can remain irrational longer than you can...
Hey! This year high is made and from there we got a rejection from: - The trendline since 2017 July (black line) - The round number 0.69000 - The previously worked resistances The rejection ended up with a bearish candlestick pattern called bearish Engulfing! Do not forget to support my idea post by hitting the "LIKE button! Thank You! Have a nice day,...
Due to oversea market gaining higher last night the ASX 200 should be opening higher off its bounce. However with Nearmap it has formed a bearish engulfing near the RES and its near 52 week high as well. Looking to short 1260, near the 13 ema.