The chart is self explanatory and is based on Engulfing Trap strategy. The entry price, take profit and stop loss are as marked in the chart.
Short opportunity with EURNZD due to descending trend line coinciding with key level on the 4H chart. Bearish engulf bar can be spotted on the 4H chart on MetaTrader app. Good luck!
two bullish engulfing candles appears and broke structure, I think price will go further up to the 13900 area
Bullish engulfing long Price Swing potential 800 pips -> buy
Thoughts?
-trendline broken -Emas crossing -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 Entry Timeframe: - 30 min bullish engulfing - @1.8240 Stop Loss: @1.8200 (-40pips) Take Profit: - Target...
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 Entry Timeframe: - 15 min bearish engulfing - @0.7140 Stop Loss: @0.7155 (-15pips) Take Profit: - Target 1 @0.7050 (+90pips) = Risk/Reward : 1:6.2 - Target...
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...
Analysis -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...
USDCHF 4H SHORT 2 TEST IMPORTANT RESISTANCE CONFIRM REVERSAL ZONE BY ENGULFING CANDLE STICK INTER PRICE ZONE: 1.0070---1.0050 TP: 0.9915 SL: 1.0105
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 . Thanks
Reason to Buy 1) Making Higher High Higher Low 2) Double Bottom + Engulfing = potential reversal
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...