Weekly candle on crude oil closed as a bearish engulfing > www.candlesticker.com Definition 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 itself. This is an important top reversal...
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 please, but always at your own risk. I am...
Here is a trend continuation trade. My reasons for entry are the harmonic pattern and the bearish engulfing candle.
There is a bounce with a strong 4h engulfing candle, BUY.
After a break above structure on Lower (1H) TF resulting in a bullish engulfing on the Daily TF, im expecting exhaustion to the psychological 1.13800 area where i will be waiting for bullish confirmation on a lower TF to enter long
Based on timeframe analysis, this a intraday short trade centered around : Break of Structure on the H4, H1 and M15 Test of a strong daily resistance level Bearish engulfing candlesticks showing a change in trend momentum Retest of the break of structure before continuation of new trend I also showed my projected stop loss and take profit areas. Be...
A very large bearish engulfing bar has formed on the hourly charts after a failed attempt by bulls to push price higher early in the trading session. This has very bearish implications and near term bias remains bearish.
Bounce from 100SMA and bearish engulfing candle. CAD strength should be returning as oil pull back is done for now. Retail sales for Canada at 1:30 today.
EURAUD Engulfing Candle. Bear Candle High and Low Range engulfs previous candle. Enter at daily close of candle OR enter at 50% retracement of Engulfing Candle.
Hey traders, Here on the EUR/CAD we have the following reasons to go LONG: Daily Chart: - Bullish Trend - Near Daily Support Level (higher low of the trend) 4h Chart: -Bullish Engulfing Candle/ Hammer Candle GO GREEN!
COPPER: After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. ...
Note -AUDCAD showing signs of reversal after buyers pushed price up into resistance but sellers pushed down and engulfed the whole 4H bullish candle. -This price action resulted in a 4H bearish engulfing AT RESISTANCE which is a bearish sign meaning sellers may be stepping in the market. Entry -Keep enough distance below the low of the engulfing candle to...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
If the day closes as above yesterday's open price, that will create a engulfing bullish pattern , corresponding with the lower side of the triangle. This trade will yield a good profit over 250 pips and a stop loss at 0.9718 price. Let's hope we achieve this target . Happy trading !
Reason to Sell 1) Daily Engulfing Candle 2) Cypher pattern = potential reversal Stay tuned !
We have entered a long position on JSE:ABG because of a bullish ngulfing pattern tht has formed. Although there is not much history on this instrument, it is also at a support level which solidifies the signal.
GBPUSD possible Short on 2 Hour Timeframe. Bearish engulfing at trendline (resistance). RSI near overbought area. Higher Timeframe resistance.