Finally here is the # 10! Yesterday we saw a capital increase in the crypto world, important projects are developing towards decentralization. Here we see a BULLISH ENGULFING, the market has been in a strong downtrend, the first candle is bearish, the second is bullish, the bullish candle is bigger than the first. This pattern is a clear reversal signal. Stay...
Hi traders, I found an engulfing candlestick pattern confirmation on a supply level. I take a SELL trade on this. I place a SL just above the high of the confirmation candle. Entry: 134.244 SL: 135.908 TP: 128.106 On the way to the target are 2 weak demand levels, bur I belive they get broken. I'm giving daily updates on that trade. Stay tuned! Please always...
A Bullish 5-0 pattern staging for a bigger trade setup. An opportunity for me to engage on a longer-term trade, however, I do need a bullish engulfing candle to close to engage. Do note tomorrow is a non-farm payroll data release. Traders who aren't comfortable should wait out for the news and usually, I will engaged 15-45mins after the release of non-farm payroll.
Im using monthly timeframe and I've spotted a double bottom formation with resistance and support has the unfinished W shaped which could be a good buy from this position.
Amazing trading activity today. I got out of my short on EURUSD with 2R profit as ECB lowered interest rates to be even more negative. Absolute madness if you ask me, but I will trade it happily, while I buy physical could. Anyway, right after I was out of the trade EURUSD rallied higher forming a huge engulfing candle. I will be looking to trade this countertrend...
Date Pair Direction Trade Trend Level Signal Entry 2019-09-03 AUDUSD Long Counter Trend Down Horizontal Support Engulfing retrace
Hi Traders! As you can see the market was very bullish in the last few candles. Now it reached the resistance and formed the engulfing pattern. So, when this candle closes, we have our confirmation to sell. Thanks and good luck!
Head & shoulders might be forming now (but still unconfirmed: must close below the neckline). Some other bearish indications we can see in the chart ("old" resistance, engulfing bearish pattern etc). I would not buy now. Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas
My trading software had detected a bullish engulfing pattern in BXP. Besides, the price has jumped from support so there is a possibility it will move further, perhaps even breach resistance above. Visit lookintotrade.com for: - free articles! - trading software - trading ideas
FX:AUDUSD After a sharp gain, AUDUSD approached a key resistance zone (around 0.7020), established on the 26th of October 2018. Moreover, tomorrow (2nd July), there's going to be the RBA Interest Rate Decision of July, followed, as usual, by a statement from the governor of the Reserve Bank of Australia, Philip Lowe. At its meeting of June, the Board decided to...
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...
I don't post about the SPX but I do check it from time to time. Is this the market peak? It may be with this rounded top and the huge bearish engulfing candle we just printed on the daily chart. Personally I would not be opening new long positions with this chart. Play it however you see fit Good luck.
in Daily chart : Bearish Engulfing candle stick pattern > Sell Entry : 1.3345 (50% of Monday candle) Stop : 1.3400 (55 pips) TP1 : 1.3200 (145 pips) TP2 : 1.3080 (265 pips)
The chart is self explanatory and is based on Engulfing Trap strategy. The entry price, take profit and stop loss are as marked in the chart.
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...
Audnzd - Bullish Engulfing , Wolfe Pattern
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...