For me its an engulfing bear with stochastic divergence, i.e. loosing momentum. Wait for confirmation candle or the 20EMA to breakdown. Watch out fundamental news too, this is only technical analysis. The profit you gain or loss is not responsible to me.
happened today... in a heavy way !
Chart Patterns: "Bottom Head & Shoulder", "Range Double Top" Candlestick Patterns: "Pin Bar" & "Engulfing" Entry price: 1.09670 Stop Loss Price: 1.10250 (58 pips) Take Profit Price 1: 1.08865 (80 pips) Take Profit Price 2: 1.07830 (184 pips) Estimated Duration: 1-4 Days Probability to Meet Target: 80%
A bearish engulfing bar has formed at the resistance of the AUDJPY on 4Hr. The bearish engulfing pattern has momentum behind it as it is reversing a sharp uptrend that shows signs of exhaustion. Good trade. Have to watch it though because there might be some traffic along the way down. Place pending order according to entry strategy. Use due risk and money management.
EURO has rejected to break the key resistance level against Kiwi. Besides, it has created a Bearish Engulfing Bar which is a sure sell signal that can be supported by any technical indicator to pull the trigger. I would recommend the H1 timeframe to pull the trigger.
Hello traders, EP: 0.59700 + Trendline breakout + Fibonnaci 50% level retracement + Bearish engulfing candles + Monthly support breakout + MACD bearish Comment bellow what your opinion is on this pair!! + Follow me to stay updated on my setups
Litecoin looks almost identical to Ethereum,its at the up trendline with a bullish engulfing candlestick formation. go back to my ETHUSD post to see more in depth why I like this setup
As we can see, the SPX500 price created engulfing candlestick pattern. We can see how the last trading day engulfed the previous one. It indicates for reversal opportunity. I'll look for sell position at 3318.00 zones. The first target will be the support level below and the final target is the demand at the bottom.
ETHUSD continues to throw small bullish signals as price meanders around the 120-140 area. Just reading the price action tea leaves we can see that price was able to break above the strongly bearish trend line a few days ago. There have been numerous attempts at breaking back below this trend line but each time it has been rejected. At least on two of those...
I am currently testing. This is my 3rd shared idea of this strategy.
I am currently testing my new wngulfing strategy, i have confirmation and trend support so im not just looking for engulfing pattern and trading off of this.
IF 12:00 Candle will be green and as long as the green candle before(prefrrably smallre than the engulfing bullish), i will buy after 12:00 I am currently testing new strategy.
Ambujacem trading in a triangle pattern and made bearish engulfing candle BELOW 214 MAY TARGET 197--190--185
Looking to short GBYJPY . Reason : Bearish Engulf Candle on weekly TF and price already break support level 139.450. Selling point at 139.445 FX_IDC:GBPJPY TP1 : 138.692 TP2: 138.200 TP3: 137.905 SL : 140.300
Date Pair Direction Trade Trend Level Signal Entry 2019-10-22 USDCAD Long Counter Trend Side Dynamic Engulfing break
EUR/USD closed below 1.1120 with a bearish engulfing graph. The graph has not been confirmed, as long as it does not close below this graphical low, the currency pair has the possibility of going up. The pair can close between 1.1120 and 1.1185 in the following week, so it is expected to continue its upward trend. Key levels to focus Support: 1.1000, 1.0900...