Reason to Long 1) Bullish candle = uptrend 2) 2920 = key support 3) 0.618 fibo level BUY !
1. Bullish engulfing candlestick on Friday (a particularly bearish day for market) 2. Recent crossover - 7-day JMA crossing up on 10-day DWMA 3. Upward trend line held support on Friday (although this is a weaker signal because, although trend line starts January 2016, it was only established when bottom was reached on 10/30/18) 4. Impending price momentum...
Based on simply EMA trend lines strategy. If you like my idea, pls. hit that "like" buttom or leave a comment. Thanks!
Although ICON is now on uptrend, it's currently forming a daily bearish engulfing. If it doesn't bounce from the yellow box, I'd expect it to go back to monthly S1 (78.6% Fib level). Otherwise, my targets would be monthly P (50% Fib level) and 61.8% Fib level.
GBPUSD has broken the downtrend but still hasn't formed an uptrend. the bearish engulfing bar is a good sign of a retracement back to form an uptrend around the 1.3045 I am looking for a pullback to the .382fib from the previous days bar for an entry at 1.3180 tp at 1.3080 100pips SL 20-30pips. points for strategy. bearish engulfing bar macd cross over RSI...
The bearish engulfing candlestick is one of the more popular and well known candlesticks. It works very well as a bearish reversal, performing that way 79% of the time (ranking 5 out of 103 candlestick types where 1 is best). Trendlines after weekly close.
Price has recorded a bearish engulfing candle on the daily chart where there is also a resistance zone. there is a head and shoulders pattern being formed on the 1 hour time frame. I will wait for this and the trendline on the 4 hour time frame to break and then I will short it on the retest.
We are going to wait for the channel to be broken as there is a double bottom recorded on the 4 hour chart as well as this there is an engulfing candle on the daily where there is also a major support level, I will buy on the retest when it breaks out of the channel.
Predicting the market to be bullish Confirmed with the bullish engulfing in an oversold condition and a Stochastic crossover Like & Comment below your analysis. ___ K.
If confirmed this is considered a reversal pattern.
Hey traders! Here on the USD/CAD we have good reasons to go short: DAILY Chart: 1-The market is under 200EMA (Bearish Trend) 4H Chart: 1- The market is under the 50EMA (Bearish Trend) 2- We can see a nice pullback after the Daily support level has been broken 3- We also have a good entry reason to go Short-> the formation of the bearish Engulfing candle GO GREEN!
Hey traders, Here on the GBP/USD we have a good opportunity to go short: DAILY Chart: 1- The market is under the 200 EMA that means that is on a bearish trend... 4H Chart: 1- The market is under the 50 EMA (bearish trend) 2- The market broke the daily support level and made a good pullback 3- Formation of the Agressive Bearish Engulfing Candle... GO GREEN!
Bullish engulfing candle near major support level 1.2900 and FIB-retracement level 61.80% with a crossover of the Stochastic in oversold conditions on the Daily. Once engulfing candle is closed and fully formed, I'll be watching for a long entry at the 1 hour chart with an oversold Stochastic and confirmation of a candlestick pattern. TP1: 1.3300 TP2:...
This week watch list: CORE MARK Price will go down (bearish enguling) and stochastic will go in oversold area. To buy once stochastic will come out level 20.
The dollar did poorly in the month of September but turned over during the last week after the Fed raised rate by 25 basis point as expected. The Fed chairman has also adopted a very hawkish tone in regards to the economic growth and the pace of raising rate. The dollar is also undervalued after dropping for close to a month and became oversold as it broke below...
Perfect example of Support becomes Resistance. Price bounced of nicely from the FIB level 61.80% with a bearish engulfing candle. TP: Near 535.00 level SL: above 555.000
My idea is to shorten the bearish engulfing pattern after the market has made a new low.