Head and shoulders pattern and bearish engulfing day seen in $GOOGL daily chart. 26 april
FX:EURGBP I am honestly not sure about this one. I can see it going both ways. There are a lot of bearish technical signals like daily bearish MACD divergence, overbought condition on weekly stochastic, MACD and RSI indicators and a serious bearish engulfing candle on weekly. But then again the pair has been steadily climbing up within a channel for a while now...
If Pattern completes and all my confluence ads up i will go short on the Gartley Pattern lets see what the market gives us.
A very powerful bearish engulfing candle formed today on EUR/USD. There seems to be an overall bearish sentiment forming on all Euro pairs. This signal looks nice forming below resistance at (1.4400) and being significantly more powerful then any of the consolidation we have seen over the past week or so. Looking for a tight 1:2 RR if possible, but playing this...
A great bearish engulfing candle formed on a nice retest of a long term bullish trend line after breaking through back on 03/17/16. Intraday charts showing bullish pressure being broken down and the bears completely taking over. Easy 1:1 RR to the recent lows and from there price could dip all the way to 106.00 for closer to 5:1 NFP coming up can stir up some...
Strong Beairsh engulfing candle breaking past 4hr chart phase line on AUD/JPY. Add to that this happening on both strong resistance and long term bearish trend line, it's a match made in heaven. - Bearish Engulfing Candle 4hr - Rebound of long term bearish trendline - On strong resistance at 86.500 - Lots of room for good RR
Simple i suppose and clear. close below this trendline, either short straight away or you could wait for a retracement up to you
Not the cleanest, but still a convincing naked set up on AUD/USD. Nothing is better then price reacting to the intersection of key support/resistance and a long term trend line. My favorite set ups! - Price stalled out at key resistance of (0.76000) - Bearish engulfing candle 1D - Double top Pattern (4hr) - Bouncing off long term bearish trend line - Aligned with trend
Very nice short signal on USDJPY. The overall trend is down The current correction move has some space to the left A bearish engulfing bar on daily basis is formed that supports a further move down FX:USDJPY
Three main reasons for selling: 1. Very long at resistance 2. Psychological level of 1.00 3. Current body engulfs previous candle body Entry at current levels: 0.99 Stop Loss: Above the high of candle, 1.007 Take Profit: Trailing exit but ideally 0.96
The complex correction of the NZD/USD pair has (finally) resolved to complete a Bat pattern that it had been struggling towards since early Feb. While not the cleanest of Bat patterns, there are several good reasons to trade this setup. 1) Harmonics: 2 consecutive Bat patterns are now discernible on the daily chart. The first Bat is slightly imperfect because its...
Weekly - Bearish engulfing - Cross and close below 200EMA - Break and close of rising weekly channel (18 week uptrend) - RSI bounce from overbought territory
Could there be some relief in yen next week? Weekly - Hammer / pin bar Daily - Tweezer bottoms - Double bottom formation - RSI oversold - ABCD move completion with strong reaction at 77.595 H4 - Bullish engulfing candle Bullish pressure seems to be building up. Awaiting pullback and seller failure before taking a long position Strong support at 80.000
Given the huge amount of "open space" in between the most recent broken structure and the next support level, if the price doesn't fall straight to final target zone I' m going to wait for a retracement into one of the 2 hot price levels defined by significant structures broken to the downside. The two scenarios are depicted by dash lines. I've set alerts on both...