Hey everyone, today I'm going to make my analysis on BAT and explain my point of view, so let's begin!
When we climbed, we were reaching a previous resistance (the bearish engulfing bar at 2 march 12-16h), if we watch closely, we had a long legged doji, which usually signals a top(depending on where its formed) (it's a bit subjective, may not be a doji, but the...
March 4, 2019 saw an engulfing pattern in the candlestick chart for the S&P 500. Engulfing patterns are not rare, but one that engulfs the the price range for the prior 6 trading sessions is something to understand. I went back and found this same event (engulfing a minimum of 6 prior trading sessions) has occurred in the market only 15 times in the last 40 years....
WE HAVE BEEN IN A CHANNEL ON EURJPY SINCE THE START OF THIS YEAR, AND IT IS MAKING A PUSH TOWARDS THE 126.00 LEVEL. AS USUAL AFTER A RE-TRACEMENT WE LOOK FOR A FAKE OUT AND WE GO LONG AT THE OPEN OF THE NEXT 4H CANDLE.
ALWAYS MANAGE YOU RISK AND ADJUST YOUR VOLUME ACCORDING TO YOUR STOP LOSS AND NEVER RISK UP TO 2% OF YOUR ACCOUNT ON ANY ONE TRADE. NEVER EVER...
My bias. Got my sell entry on the 15 minute. Oversold on the 15 minute chart to the 4H. I may potentially ride this one down to the 1.04090-1.04000 area (Bullish Engulfing Pattern on the 4H). I might buy after the sell is over - but that will be updated in another post and depends on what happens here.
*Enter if your...
Just before the market close in the second trading day in the Stock Exchange of Thailand 20181018, the 15 minute graph of an IPO stock SET:OSP showed a bullish pattern of a pin bar and its engulfing neighbor that triggered a possible new uptrend. The pin bar had the body portion less than 25% and the next bar was a full and long up bar. Both bars can be easily...
Here on the AUD/NZD we have a good opportunity to go Short:
1- Consolidation fase
2- Daily Resistance Level Reached
1- Bearish Engulfing Pattern
2- RSI Divergence
This pair painted an engulfing bullish bar after touching the support level and is now seemingly looking higher to test the gap area. Buying here with stops below 1.1520 and looking for 1R-2R targets seem reasonable.
The QQQ have been on a tear for about a week now. If you we're watching my analysis from 3-4 weeks ago you were aware of the inside bar setup that I was waiting for a bullish breakout of. Although we had a false break down on 5/23, price immediately recovered and the bullish breakout that I had been predicting did ensue. The price action on 5/23 produce a very...
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.
Eurjpy marked an engulfing pattern on a monthly chart, one of the best simple techniques to determine a trade.
i suggest to wait for a pullback so that stop loss would be acceptable. shorts may be targeting 118 at first then 113.