As you see, the bearish pattern got formed at 23.6 weekly Fibonacci resistance and 50 EMA, 200 EMA are also above the pattern. On Hotforex charts this weekly pattern looks slightly different but nevertheless NCH identified it as Bear Sash. If you you look at FXCM chart it is a fine Bearish engulfing, very reliable pattern. And on monthly price stalled at lower...
Evening Stars is one of the most reliable patterns. And here it took off 23.6 weekly Fibonacci resistance. Usually (but not necessary) price retraces to the middle of Evening star´s body before taking off down. Watch for solid sell signals on daily and 4 hours chart within next days. Future Kumo cloud twist on monthly is bearish.
NZDCAD is in downtrend both on daily and weekly, though on monthly it stalled at 200 EMA.
Fakey (Hikkake) pattern with Bearish engulfing inside bar. Usually, such patterns exhibit a rapid move once mother candle is broken in the opposite direction.
Momentum of 300 periods hit a trendline, exposing hidden bearish divergence. Price should be pushed down.
Price is boucing around 50 EMA...stretching out into a squeeze. It should make one more slow upwave during Asian session.
50 EMA crossed over 600 EMA and is in very fine falling position. Price pulled back to Tenkan line and will keep dropping. Trade trends after 50 EMA (it has to be in declining or rising position). Enter trades upon pullbacks to Ichimoku´s Tenkan line. Trend ends when you will observe divergence in long term RSI (70-100) - when RSI unlike price will fail to make new high.
We have got two Bear Sash patterns just below the Kumo resistance (Doubled Ichimoku settings) and 50 Fibonacci resistance. Money Flow Index is in overbought and confirms a short signal.
Bearish trend is to continue to the major swing low, where bearish channel trend trend is about to reverse. Now price is likely to go flat and ranging for several days before another drop.
The bearish engulfing candlestick is one of the more popular and well known candlesticks. It works very well as a bearish reversal, performing that way 79% of the time (ranking 5 out of 103 candlestick types where 1 is best). Trendlines after weekly close.
Icelandic krona reached a critical level. It formed a classic double bottom (bullish reversal pattern) on monthly. By double bottom rules it should hit 119 (height of double bottom projected from upper double bottom neckline) pretty soon. There we also have Ichimoku cloud resistance, RSI trendline and Gann (Fibonacci) angle as you see. So 120 is critical level....
Nison Candle Highlighter (NCH software) identified this pattern as Bear Sash (on Hotforex chart that I use). At tradingview chart it is a clear Bear Engulfing. The pattern occurred at weekly Fib level. We go short after fibs. Money Flow Index (MFI) confirms the short position.
RSI confirms short position. Target - next Fib level (92 pips). Stop above the star's tail (42 pips).
Head and shoulders top. Channel breakout. Bearish Heiken daily ashi candles. We go short. I have used extended Ichimoku settings here.
We are in bear market (below the kumo cloud). Going short to previous swing low.
Daily bearish engulfing at such important level (Fibonacci retracement, BB middle band, Cloud upper limit) is a top reversal signal. We can go short after fib retracement and extension levels. USDJPY has positive correlation (88-69 percent) with SGDJPY, NOKJPY, GBPJPY, EURJPY, GBPCAD (short those). 67 negative with USDCNH (go long on this).
Weekly trendlines after close (line chart) Fibonacci extensions after 15 min chart (major swing) Price is gonna react or pullback at Fibonacci retracements and extensions levels.