after a long rally journey, gold formed bearish outside bar and inside bar combo on the daily timeframe followed by strong momentum bearish candle, from my own perspective I only sell if the price successful to breakout the trendline support structure.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided...
DAX is trading inside a range dictated by the marked outsidebar.
We could trade this range now or wait for a breakup or breakdown from this range.
Be careful when you trade right now!
Bitcoin showing bearish engulfing candle (outside bar) which can be interpreted as a MOMENTUM reversal (not to be confused with a TREND reversal). The broader structure is still BULLISH which means probability continues to favor longs. This does NOT mean we can just buy at any price. The objective is to ANTICIPATE the next inflection point or support level where...
#Bitcoin order flow has produced a bearish outside bar within the low 9K region which is a minor resistance area. This can be interpreted as a sell signal, especially if followed by an inside bar over the next day or two. In this analysis, I am going to cover HOW we interpret this kind of price action relative to our LONG only swing trade strategy. My objective is...
I'm dollar cost average accumulating this but also looking to get heavier on it at the expected halfback of the outside bar on the edge of the pitchfork, around $175.
Eth is good for intraday trading but my main focus on it now is to get a good size of my portfolio loaded up at a good average and hold for the next bull cycle. I think the old high at $1400 is...
I'm very bullish on bnb, have been accumulating it long and trading long intraday.
It recently made an outside bar reversal pattern near a pitchfork edge which is becoming one of my main go-to setups for defining intraday bias.
BNB is the kind of thing that will be useful to traders even if the market is going down because it provides a discount on trading fees....
BTC formed a bullish rejection pattern across 4 day candles, shown by the green box. If you imagine a single candle starting at the start of the green box, then it would have a very long tail rejecting the downside test.
It then formed a bearish rejection pattern shown by the red box.
It's now consolidating and I'm expecting it to form a bullish pennant shape...
These large range 2 and 3 day reversals are always good to consider. The bears may have gotten over extended here and it could reverse back up into the prior range over the next few days.
I am currently long LTC and planning on selling most or all at the end of the day but this could be something that runs an additional day or two while the bears cover their...
Today was the 1st outside engulfing green trend day bar since June 10.
There have been outside green engulfing candles since then but they have all been very wicky, this was the first very full bodied trend bar.
Last time it happened it made a nonstop run to a somewhat major high from about 8k to 14k within about two weeks.
So I am seriously considering swing...
When we see a orange outside bar, we will make definetly make a higher bar for next month.
There is a rejection at 1.2700, after this there will make a lower bar.
Buy till 1.2700 first and after in the long term it can go to around 1.3000.
Have a nice trading mont.
Greetings
Hola
We got a few confluencing factors coming into play on this pair that looks to be setting the auzzie up to gain some ground against the dollar.
Check out the double bottom play on H4 that can be used as an entry IF the move plays out. The outside bar that is busy forming is reinforcing the bulls presence...
Don't invest what you can't afford to lose. This is not...
A Confluence of Bullish Outside Bar Candlestick Pattern and a Significant Support Zone
GBP/USD has formed a bullish outside bar candlestick pattern in the H4 time frame.
We can see in the H4 chart how the last big green candle in the picture attached engulfed the previous four candles and closed at the highest.
If we look at the high time frames charts (W1 or...
A confluence of Fresh Supply and Fibonacci 61.8% in USD/CHF.
Two weeks ago, seen in the W1 chart, the USD/CHF weekly candle had ended as a bearish engulfing pattern. The big red candlestick shows this bearish engulfment.
This pattern was a continuation outside bar candlestick pattern. It shows how the big red candle engulfed the one before and it also shows how...
GBP/USD Price is Established Below The Annual Open Price
A few weeks ago, the GBP/USD price fell below the annual opening price, which became a significant resistance zone.
Since the after three unsuccessful attempts to breakout this resistance. The price reattempted to break the resistance against two days ago (25th June 2019). This time the daily candle ended...
On the 1D chart, the previous day’s candle has ended as an outside bar candlestick pattern, which is a reversal pattern.
We can see how this candle was engulfed the day before. The height of the outside bar was higher than the height of the previous day. and the low of the outside
Bar was lower than the previous day’s low. Since it’s a bearish outside bar, we...
