Here I'm on the 15min. time frame at the first lower high from yesterdays spike down. I'm waiting fore price to show me a trustworthy bearish engulfing setup. The candles in the red box are a bearish engulfing pattern but the red EMA is not over the blue yet. The yellow box is an engulfing pattern as well and the red EMA is now clearly over the blue. Now waiting...
He defeated the falling channel from its top, but at the moment it may not be bullish at least in the next four hours.
We’ve reached a critical point with EU this week. Clearly reaching a credible retest for the weekly bearish engulfing after tapping 38.2 (weekly fib). EU has been down trending ever since we broke out of the daily range @1.222. Daily is creating higher highs, 4h is looking bullish. The decision boils down to the trendline (break or respect). If we break this...
EUR/JPY 0.11% i am starting to enter short positions after yesterdays engulfing daily closure of last 8 days action. See from image that the trend lines are indicating bearish momentum. After ECB Dovish meeting yesterday we are looking at heading towards the 124.00 mark. JXY -0.25% is also due a bounce higher off its daily bullish channel . I will update...
We are at a relatively lowest area in the whole of 2018, even the market is bearish now, don't open short position at this level, the risk is too high. We would better search for the chance to long in the highly oversold area
The chart is pretty self-explanatory. Bullish Divergence is confirmed by the RSI making a higher high on 4h chart followed by a Bullish Engulfing all point up. ***Not financial advice. Always DYOR***
just an idea, manager you own trades, tp and sl. waiting for a good candle pattern on a lower TF if not no trade will be taken FOREXCOM:NZDJPY
We had a decent steep decline in price but as always price has to correct itself. Weekly s1 was a good place to start that correction. Right now we could be looking at a strong resistance at 23% fibo of previous wave or even 38%(which I think is less likely looking at the bearish momentum we got). I'll add to my shorts again near the green dotted line. Huge...
Hi guys, on the daily chart EURNZD is in oversold condition and it's also testing a key structure zone. That's why i've highlighted the yellow box that you see above. In cases like this, i like to go on smaller timeframes looking for additional clues to take a trade. In this case i've found multiple hints: first of all, on the 4H chart we can see a couple of...
The chart did present a wonderful exit for those that missed it the first time around. 7k is the next level for a retest.
It seems during btc downtrend since Jan, out of 14 bullish engulfing candles on daily, only 3 has failed. #1 was a no brainer bad trade as it was near resistance and had no clear down trend before. #2 was false signal #3 stopped out before going up Now we find ourselves on a daily engulfing on major support at 7k. And we are having a pull back. This is a good...
On the chart we can see that an engulfing bearish candle has formed. As a pretty reliable sign of trend reversal/continuation I suggest placing orders with a Bearish sentiment. The zone highlighted in green might be tested next week.
In this video I show some good past setups on the EURUSD that would have been profitable as well as take a look at where the markets may be going over the next week or more. I focus primarily on the inside bar pattern and some potential ways to trade these setups. Since early this year there have been a number of high quality price action setups including...
The new candle on 1 day chart had just formed as we just close the day per UTC. The new candle is bearish engulfing candle that embody 2 previous candles and it just makes the pattern looks like three falling pattern. As we see, the pullback as the over sold on 4hour has make a channel that ready to break down. The channel on 1D chart formed from 50 MA and 100...
Counter trenlind break Fib Bounce Bearish Enguling Break and Close below Key level 1.1750
Counter trendline break Bearish Engulfing break back below Key Level 38,2 Fib Bounce 1.1750
Hi guys, i've been looking at this pair often lately, and i'm still looking to sell this because i think we need to see a relief rally before eventually continuing to the upward direction. At this moment, we're testing a very strong resistance level, both weekly and daily, and we're doing so in overbough condition (heavy overbought). On a lower timeframe, such as...
Stellar looking stellar as wave up pending possible confirmation of support. may take another week to play out.