justinholtgrave

justinholtgrave

15m bearish engulfing formed on XAUUSD at 7:30 am. Entry at 7:45 am. SL placed at engulfing candle body high instead of the top of the huge wick to reduce the SL/TP.

justinholtgrave

CHFJPY has formed a long setup on the 4H time frame. All 3 moving averages are aligned perfectly. Clear rejection of the 200ema on the 1H time frame. Wick through 50ema followed by a bullish confirmation candle confirms this setup.

justinholtgrave

AUDJPY has formed a bearish engulfing candle closing at 10am CST on the 1H time frame. RSI is overbought which formed bearish divergence on the 30m time frame. Price is clearly making lower highs and lower lows. Price rejected the 200ma and the trend line perfectly. SL set 2 pips above recent highs. TP set at previous lows candle body low.

justinholtgrave

XAUUSD has formed a significant bullish engulfing closing at 8am CST. The engulfing candle engulfed 4 previous candles and closed above resistance. Entry is at the high of the previous candle to the engulfing candle which was rejected perfectly confirming this long setup. Significant bullish engulfing on the daily time frame as well. SL is set below the engulfing...

justinholtgrave Updated 

GBPCHF has formed a significant bullish engulfing that engulfed 3 previous candles and closed strongly above resistance. The engulfing candle closed at 4am CST. Price perfectly rejected the 61.8% fib level 3 times with a wick which confirms this setup. SL set 3 pips below the engulfing candle low. TP set at 3X risk.

justinholtgrave Updated 

CHFJPY has formed a perfect in trend engulfing long setup on the 4 hour time frame. The engulfing candle formed December 23rd at 8am (closed at 12pm noon) engulfed 3-5 previous candles. A perfect rejection and wick through 61.8% retracement level confirms this long setup. Entry is at the 61.8% retracement level. SL is set 2 pips below the engulfing candle low. TP...

justinholtgrave Updated 

EURJPY has set up a perfect in trend engulfing long setup on the 4 hour time frame. The engulfing candle formed on Dec 23rd at 8am (closed at 12pm noon CST) engulfed 6 previous candles. The engulfing candle also closed above resistance of the previous highs. Price rejected the 61.8% retracement level perfectly which confirms this setup. Entry at 61.8% retracement...

justinholtgrave

GBPCAD has formed a significant bullish engulfing with a big wick on the 4H time frame. Confluences: Huge bullish engulfing candle with a big wick engulfing at least 4 previous candles. Huge bullish engulfing pattern on the weekly time frame. 20EMA rejection. Current uptrend. 1st entry: 50% Entry with 1:2 risk to reward. Safe SL below engulfing low. 2nd entry:...

justinholtgrave Updated 

GBPCAD has formed a significant bullish engulfing on the daily time frame near a previous support level. The engulfing candle engulfed 4 previous candles and closed Friday. Clear accumulation reversal visible on the 1 hour time frame. Expecting price to bounce off of the 50% retracement level. SL set at engulfing candle body low. TP set at 3X risk.

justinholtgrave Updated 

NZDCHF has formed a significant bearish engulfing on the 4 hour time frame. The bearish engulfing candle engulfed 4 previous candles and closed at 8am CST Friday. SL set at engulfing candle body high. TP set at 3X risk. Sell limit set at 50% retracement level.

justinholtgrave Updated 

NZDCHF has formed a significant bearish engulfing on the daily time frame Entry at the 50% retracement level has been perfectly rejected 3 times. The bearish engulfing candle engulfed 5 previous candles. The daily time frame bearish engulfing candle closed Wednesday. SL set above engulfing candle high. TP set at 3X risk.

justinholtgrave Updated 

EURGBP has formed an in trend engulfing setup on the 4H time frame. The engulfing candle nearly engulfed 6 previous candles but didn't quite clear the previous candle high but the daily and weekly time frames supported this setup. Also, nearly all other EUR pairs are very bearish. The daily candle closed below a previous strong bullish engulfing. The weekly time...

justinholtgrave

On the EURGBP 1H time frame there was recently a perfect head and shoulders pattern that formed. A strong neckline break followed by a 50% pullback and then a strong bearish engulfing set up a perfect high probability trade. The head and shoulders pattern confirms that the trend is temporarily turning bearish. The engulfing candle opened perfectly at the...

justinholtgrave Updated 

GBPNZD formed a significant bearish engulfing of 7 candles at 8am (CST) on the 4H time frame. ECB President Lagarde speech @7am helped form this setup. SL set above engulfing candle body high. TP set at 2X risk.

justinholtgrave Updated 

EURJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame. This engulfing candle closed at 12pm noon (CST) on Friday. SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.

justinholtgrave Updated 

CADJPY formed a bullish engulfing that engulfed 5 candles on the 4 hour time frame. This engulfing candle closed at 12pm noon (CST) on Friday. SL set below engulfing candle low. TP set at 2R for safe entry, 3R for 50% entry.

justinholtgrave

Confluences: Bullish engulfing Lower bollinger band outbreak Rejected strong support/demand zone Long term uptrend Close above 20 EMA TP set at the candle body high of the previous highs. SL set below engulfing candle low (safe) or below 4H engulfing candle low (riskier). A close above the resistance trend line will confirm further increase in price. Will be...

justinholtgrave Updated 

Confluences: Recent higher high Large bullish engulfing candle Slight lower bollinger band outbreak SL set below engulfing candle low. TP set a previous high's candle body high. Trail SL for max profit. Similar to CADJPY setup, but not quite as strong.