Big engulf green candle with decent volume. Most likely this wants to touch 178 and could be breakout also. Better would take init capital out on the 178 and leave the free money to run.
Wait for a price break above or below the consolidation area. Wait for a retest then entry.
Waiting price to break above or below consolidation zone.
The market is undoubtedly in a raging up trend, therefore, I usually have many long positions open. Sometimes I will short weak stocks to protect my long exposure. NYSE:F seems like an ideal candidate here after that engulfing candle at resistance. Try to get a good risk to reward entry. Stop loss above $7.45, target near $7.10.
Hi guys. Engulphving Candlestick pattern can be seen in the Gold daily timeframe. As long as the price of gold is below 1952 and if it can stabilize below 1936 in 4H timeframe , the first target is 1924 and 1902. I will wait until 1924. Good luck
Price has approached a Low Volume node with decent momentum, the low volume will not support the price rally, a reversal is expected to the down side. Target will be the demand zone below, considering that we have great liquidity just above the demand zone, that would enable big institutions to push the price higher from that point on.
After closing today @ $31.41 NYSE:UBER formed a bullish engulfing candle which swallowed the 5 previous candles. This candle formed after downtrend. Target 1: 32.38 Target 2: 34.28 STOP LOSS: 27.60
While major pairs are still consolidating, USDCAD is making new lows. Here things seem extremely clear. - we have a downward trend of D1 - we have a downward trend of H4 - we have a downward trend of H1 - break of support - engulfing candle of H4 We expect the movement to continue towards the following supports: 1.3144 1.3107 Watch for a break in the trendlines...
Bearish Reversal Candlestick The inverse is true with this type of formation in a bearish scenario, and the image above shows that price made the highest high before reversing and closing strongly lower off its highs. Here's what a bearish candlestick is telling us: Price made a new high, but buying pressure very quickly dried up as an increase of sellers...
1 of 3 Candlestick Patterns That Pinpoint Reversals. When I'm analyzing a market, there are only 3 candlestick patterns that I'm worried about. Over the last decade, they have proven to be the most accurate at confirming entries at the areas I want to trade. 1 - BULLISH REVERSAL CANDLESTICK PATTERN. The image above shows a bullish reversal candlestick, and you'll...
Good Support and resistance levels, The Chart speaks for itself. Prices ''cooled off'' abit and ready to head up again. honestly i dont think this is the end of the run. Expecting to hit 1980 again soon!, keep it clean and simple!
- Bearish Engulfing Candle - RSI divergence - Strong volume Wait pullback to the support/resistance zone, then sell. Good trade!!!
EURUSD engulf supply zone and left FTR it is also making a good Bat pattern with the trend so we will look for a buy setup
Short @101.5 Stoploss @106.2 Target 1 @95.5 Target 2 @93.2 For educational purpose only.
Price break out the previous days of consolidation zone with a strong bull engulfing candle. Looking for more up move Two way to trade, chase now or enter if there is any pull back
Bearish engulfing pattern on 1D candle short @97.50-98 stoploss @99.65 target 1- 94.6 target 2 - 93.5 RRR1 - 1.34% RRR2 - 1.85% For educational purpose only
Candle's range engulfs the previous candle.