Found a good setup on 4-hourly chart with multiple confluence. Fibonacci Level 61.8%(the golden ratio) is great to use with a solid Price Action setup. I will be looking to short here with protective stop just above the 76.4% and target zone will be position around -61.8% (which is somewhere around 0.65500) Happy Trading & Enjoy the Good Weekend.
I had this currency pair on my watch list for this week after analysing the WEEKLY chart, and whilst looking through the DAILY time frame I spotted a potential long trade. I spotted a pattern I have just started to test out, you have 3 bars involved. In this instance we see a good pullback to previous structure, the first bar looks like a potential low test bar,...
USDJPY has formed a bullish engulfing candle on the 1HR chart, indicating possible upcoming bullish movement. The candle is supported by a strong 12-month-long trendline that price has respected 3 times previously dating back to January, 2015. At the PRZ, a bullish pinbar has formed on the daily chart. The wick falls on a series of fib levels from structure...
A Bearish Engulfing candlestick pattern has formed on the Weekly EUR/USD chart. I just posted a Dark Cloud Cover candlestick pattern the other day. EUR/USD seems to want to trade sideways right now, after moving down after the FED raised rates. Happy Trading!! Happy Holidays!
There was a bearish engulfing pattern yesterday, which covered the past 3 days. Now it can be argued where the necessary support area is. However there is a clearly a move which has been taken by the bears in this case. Can expect resistance at 87.188 area or 84.650
1. 61.8% Fib ( 3267-3368 ) 2. 50% Fib ( 3224-3368 ) 3. Rising Channel 4. Uptrend on all higher TF's 5. 1H Bullish Engulf & 4H Reversal Candles USDCAD remains in a strong uptrend, however we are starting to see momentum slow a bit, hence the conservative targets for this trade at 1.3390
Short set up on USD/CHF by taking cue from: - bearish engulfing bar - resistance at ~1.0080 - Stochastic and RSI bearish divergence entry - below low of bearish engulfing bar stop loss - above high of bearish engulfing bar target - previous support level
USDCAD showing signs of reversal at 1.3052 The area marks previous resistance turned support, as well the 50% Fib level of the last leg up. So far a doji (indecision) candle has posted at this level, and a bullish engulfing candle in the making on the 4 hour chart marking the London Open. Conservative take profits target the downward sloping trendline from yearly highs
Here we saw the market in a down trend making lower highs which was violated when price broke out of the trend line and a higher high was formed. Price pulled back to the trend line which now seems to of turned into support and we also see there is a demand zone at the same point. - Demand zone - resistance turned support - engulfing candle - new up trend...
1. EUR/USD EUR/USD rebuffed the ~1.1430 resistance area, the fourth time this year, and the 200 ema closing on Friday as a bearish engulfing bar. A ranging pattern between 1.1430 and 1.0820 is quite apparent. Although it can be argued that signs of an up trend are noticeable since July 2015, a retest of price at the previous low at 1.1080 or trend line in the...
On the S&P 500 and NASDAQ100 indices, closing as a high test bar in the resistance zone, and a bearish engulfing bar on the FTSE100 (UK100) stock index, a sell setup is in order suggesting potential bearish continuation on these three (CFD) indices, following the recent sell off on major indices. 1. S&P 500 The rejection/resistance zone on the S&P 500 comprises...
EJ may have just put in a 3rd touch on the weekly decending trend line. The month of June EJ retraced to the 61.8% fib, will it hold? Last week produced a hammer bar and this week may end as a bearish engulfing with a possible CTL break. Could we see the lows of 126.000 and further down to 119.540?
Price has pulled back into the declining trend line (on both the weekly and daily chart) where today's bearish engulfing bar is looking to close below the 100 ema. Encountering resistance in the 1170 - 1180 area, price could ricochet off this rejection zone giving short continuation entry on Gold (XAU/USD). entry - below today's engulfing bar stop loss - above...
Everything is already written on the chart Nice Engulfing Candle at major resistance is a strong signal to sell For safety sell after the breakout Both TP at around 61,8% Fibonacci Retracement
Hello everyone, Daily analysis www.tradingview.com The falling wedge and/or downtrend channel both have been broken upwards. This has been confirmed with a daily bullish engulfing (at EUR/USD) and a daily bearish engulfing (at USD). RSI and Stochastics have formed bullish divergence crossovers and the increasing green volume is confirming the...
Nzd/Chf is showing a nice Bullish engulfing candle on the 4hr chart Just above 61.8% Fibonacci Expansion target - which now could act as a support The Stochastic indicator shows a slight bullish divergence too, and price seems to be rejecting the lows around 0.6260 I am long Nzd/Chf with a first target of taking out previous highs around 0.64, second target is...
9 SIGNAL FOR BUY EURUSD IN THE SHORT & LONG TIME: 1-CROSS TENKAN SEN & KIJUN SEN IN THE THE M30 FOR SHORT TIME 2-SIGNAL OF TENKAN SEN IN THE TIME H1 FOR UP AND -3- REVERS 4-CANDLE STICK REVERS IN THE TIME H4 AND -5- SIGNAL REVERS OF NUMBER MAGIC ICHIMOKU IN THE TIME H4 6-SIGNAL UP REVERS OF ICHIMOKU IN THE TIME DAILY 7-PATTERN DOUBLE BOTTOM IN THE TIME DAILY...
Price formed yesterday bearish engulfing indicating probable incoming reversal. I will enter on last daily candle low break(-5pips) and aim for the previous S/R area. Initial SL near last daily candle high. Weekly chart shows also a lot of bearish potential with better divergence and possible pin bar.