ULTA is in an obvious up trend on the weekly chart. Sort of sideways on the daily chart with an RSI making lower lows and lower highs.
But if you put a lot of stock in candle formations then you might be willing to risk some money to the downside. Bearish formation in Friday's candle on the daily (engulfing candle) within a one on the weekly (upside down hang...
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well.
KEEP IT SIMPLE TRADE LEVELS
Although looking a bit choppy, the bigger picture on Gold still shows an uptrend with higher highs and higher lows. Price has touched the floor at ~1180 and rejected the trend line for a third time giving a bullish engulfing and doji bar yesterday, together with rejecting the 0.786 Fibonacci level and closing above it. Stochastic and RSI are in convergence and are...
Following the big bearish engulfing candle, price is in a period of consolidation testing the resistance level at 119.825. The level seems to be holding and I expect the price to continue to the downside all the way into previous lows. If you want to be extra safe, enter short once price breaks below 119.58 level.
We have a nice Breakout at Daily Level, pullback with Hammer at Support in H4 + bullish engulfing H1 + doble bottom M15!
Multi-Timeframe confirmation!
Very nice Long opportunity!
We broke the previous resistance zone and now it becomes support.
It can come back to retest the zone, so stops should be below that zone.
Fist target - 1:1 risk reward, or the resistance zone 1,52370 which gives risk reward 2:1
Once first target taken the stop of second trade goes to break-even and we keep the movement as far as it goes until we get an...
The EUR/USD has formed a Bearish Gartley on the 4-hr. chart. Also, there is a Bearish Engulfing candlestick pattern present. See chart for more information and pattern data. Happy Trading!
Note: Please remember to use good money management (risk management) when you are trading. There are whole books dedicated to risk management (position sizing...). ...
Spinning Top & Shooting Star on Weekly chart. Bearish Engulfing candlestick on Daily chart. Bearish Gartley pattern on Daily chart. Manage your risk. Note: The last candle on this weekly chart will not Complete until end of trading day tomorrow (Friday, Feb. 27th). This pair is very volatile. Happy Trading.
02/27/2015 3:10 P.M. EST Update: Unless there is...
price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...
I am not looking to take any shorts at the moment, but if I were RDC offers a good set-up.
On the weekly chart there was a very long period of consolidation followed by a convincing move down. Once price was below the 50ma and had cleared the consolidation zone the trend began to develop. There was a pullback in October/November but a bearish engulfing pattern...
See the chart for engulfing candle day trade strategy. Risk is 1 to 1 so it requires more winning trades then losing.
A manual back test of the strategy looks impressive over the last couple of months.
While other stocks have rallied this year, VFC has been in consolidation. Although this has lasted several months, the actual price range was fairly tight, sticking around the $60 mark. After breaking out in September price retested the top of the consolidation zone before continuing it's upward trend.
Yesterdays bar confirmed a bullish flag and price is now...
Updated pattern data from previous post (Oct. 2nd) after USD/CAD moved up a little bit and formed a new D point. Also, the recent retracement has produced a Bearish Engulfing candlestick pattern on the Daily chart.
This is a failed pattern but we only know this in hindsight. We are always just playing the odds. Every pattern will not work out 100% of the time. : )
God morning fellow traders!
Last time it reached this level was 2014-01-24!
Its a f**king great day! What we have is a hammer with a very long tail, indicating a strong momentum on the bulls.
Today we have a bullish move. This such a move that every body at the trading desk is waiting for!
So i will do 3 trades today only on AUDUSD. I will buy either later...
