Hi Traders!
If we look closely at Daily Chart, the @eurusd pair could form a very interesting Reversal Pattern in the short term. From a technical point of view an Engulfing Pattern could appear with a minimum Target around 1.087 area (see chart below), but if this will work correctly as a “reversal” the projection could be even more interesting.
That said,...
The price confirms that it has reversed the bear market of 2022. We already knew this thanks to the analyzes of the lower time frames. With the engulfing bear not yet confirmed, the price draws a new price structure above the previous ath on a monthly timeframe, I know this is something we have already seen, but now we have the full picture and it is not something...
Hello traders!
- I want to present the engulfing candlestick pattern and will try to explain why it is important to recognize this pattern formation.
- The engulfing candlestick is a crucial tool in technical analysis for traders in financial markets. It serves as a powerful indicator of potential trend reversals or continuation, providing valuable insights...
15m bearish engulfing formed on XAUUSD at 7:30 am.
Entry at 7:45 am.
SL placed at engulfing candle body high instead of the top of the huge wick to reduce the SL/TP.
EURGBP exhibits a valid bearish market structure in the 1-hour timeframe, as illustrated in the chart. This structure begins after the price tested an important daily resistance and was subsequently rejected.
With this ongoing bearish move, we are inclined to take sell positions in this pair as long as the current structure persists.
Upon closer examination, the...
Hello, traders and friends. I hope you all doing well.
Let's delve into NIKKEI chart and explore why we believe there may be a potential Buying opportunity.
The three-wave bearish corrective nature of this downward leg, following a bullish impulsive wave we observed on the chart, suggests the possibility of another bullish move, potentially testing at least the...
Hi guys.
Hope you have had perfect trades.
In this idea i will share you some TA perspectives about
Bitcoin Longterm reactions according to historical datas.
As you can see each time the price reached the MA50 , made a
trough below it and then come back above.
Now we can se in Monthly chart that after price shaped
a Bottom under MA50 , it tries to come back above...
- Entry 0.66633 📉
- Entered on the 15m.
- 15M Engulfing Candle/Supply was retested.
- 15M Engulfing inside of 4HR engulfing .
💡 Idea: Price potentially falling to the 1HR Engulfing/Demand on the 1HR at 0.66304.
*This is not financial advice. These posts are just my opinion on the market.
Hello friends.
According to following reasons i personally go LONG for BTC/USD :
1 - Reach the Higher Timeframe Valid trendline.
2- shape an Bullish Engulfing pattern on this line.
3-Reach the 27000 support level.
4-Bullish divergence Between Price and RSI.
5-Long distance from 50 , 100 and 200 EMA
So for these reasons i think we can go up till drawn trendline...
Most of us will spend about 90% of our time thinking of what to buy and at what price we should get in. In fact, that is only 10% of work done.
Focus on this scenario instead - “After getting into a position, how are we going to manage it with either a calculated loss when market go against us or how should we take profits when market perform better than our...
Can I just say WOW at the rejection at the 200MA ?!? Honestly this is playing out how I would like to see the market.
I recognize a price action candle, the shooting star. The shooting star often occurs when the market is buying and begins to react at some level of resistance. I am identifying my level of resistance as the 200MA.
I would like to see todays...
October 2022 is closing with an bullish engulfing candle
which it has done several time before!
Also MACD is showing positive momentum (histogram).
Ready?
Set
Go
Daily bullish engulfing pattern formed around the 20EMA of EURNZD. With this candlestick pattern it is more likely that EURNZD will continue it's uptrend.
Hello everyone,
learn how to catch the end of wave 4 and trade with the trend.
This corrective wave has made a double bottom on 0.76 fib of the previous impulse movement. The double bottom was achieved with an engulfing candle (entry point). Cut your loss below wave 2 (wave 4 is not supposed to retrace that far), and catch your first profit target at the retest...
