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Bearish Engulfing

USDCAD Support and Resistance Trading StrategySTRATEGY: Support & Resistance Trading Strategy DETAILS Analysis TF: 4H/1D Focus TF: 1H SL: Just above Bearish Engulfing (0.5ATRC on 1H TF) AOV: Resistance Zone 1D Analysis MC: Sideways - Price bouncing inside Horizontal Support and Resistance 4H Analysis Price struggles to create a new High, forming a Bearish Engulfing (not yet closed - but it is a high momentum candlestick) 1H Analysis ET: Bearish Engulfing - Confirmed Bearish Engulfing occurred on 1H TF. Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF Note: This post is my personal journal/opinion only. Please trade at your own risk. #ExcellentTrade #BearishEngulfing #SupportandResistance #MovingAverage
Short
by jumpstartscript
GBPJPY Support and Resistance Trading StrategySTRATEGY: S&R Trading Strategy ID: 1209 Analysis TF: 1D Focus TF: 1H AOV: Minor Resistance Area ET (1H): Bearish Engulfing CP: Ascending Channel 1D Analysis MS: Sideways - Price is moving in a range 1H Analysis: CP: Ascending Channel - Price is moving inside the Ascending Channel. However, price failed to break above minor resistance of 140.597. It also looks like price made a pullback under the Ascending Channel. Price closed with Bearish Engulfing which act as our Entry Trigger (ET). Short Position SL: Just above the Minor resistance (140.618) TP: 2.19R - Just before Major Support Note: This post is my personal journal/opinion only. Please trade at your own risk.
Short
by jumpstartscript
NZDCAD Ascending Channel Counter-Trend StrategySTRATEGY: NZDCAD Ascending Channel Counter-Trend Strategy DETAILS Long Term Trend Time Frame: 1D/4H Focus Time Frame: 4H Entry Time Frame: 1H Market Condition Long Term: Downtrend (based on 1D TF/200EMA) Short Term: Uptrend/Consolidation (based ion 1D TF/10EMA and 50EMA) inside Ascending Channel CHART PATTERN: Ascending Channel Area of Value (AOV) RESISTANCE Static: 0.85201 - 0.85075 Dynamic: 83EMA: 0.84701 100EMA: 0.85002 SUPPORT: Static: Minor: 0.83774 - 0.83683 Major: 0.83385 - 0.83158 Dynamic: - 10EMA: 0.84220 - 50EMA: 0.84146 ENTRY TRIGGER(s): 1H: Bearish Engulfing 4H: NA 1D: High Momentum Candlestick going to Resistance Entry Price (EP): 0.84759 Stop Loss (SL): 0.84953 Take Profit (TP): 0.84059 RRR: 4.02 ANALYSIS 1D - Overall trend is showing downtrend based on 1D TF - 200EMA. Heikin Ashi is still uptrend but the price is currently struggling to break above resistance level of 0.85201 - 0.85075. It is also supported by 83EMA and 100EMA which act as Dynamic Resistance. www.tradingview.com 4H - Looking at the 4H TF, we can see that Price is moving on an Ascending Channel. Short term trend showing uptrend which is supported by Heikin Ashi. However, as stated before, the price is currently struggling to break above Static and Dynamic Resistance on a higher Timeframe (1D). We will give more weight on a higher timeframe as Smart Money focuses on this time frame. www.tradingview.com www.tradingview.com 1H - Our Entry Triggers are always on 1H TF. Here we see that there's a Bearish Engulfing Price Action happened on the Static Resistance AOV. This acts as our Entry Trigger. www.tradingview.com www.tradingview.com OTHER ENTRY REASON(s): High Momentum price action approaching resistance usually reverses as it has no higher highs to support its move. ACTION ITEMS: 1. Exit/TP on Higher Timeframes: 4H or 1D 2. Scale in on Entry Timeframe (1H). IMPORTANT: Always move the SL on Breakeven after significant move. Scale in as necessary and move the TP of the initial entry to the SL of new entry. This way, we will be able to Minimize risk and Maximize potential Profit. NOTE: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
USDCAD False Breakout? STRATEGY: False Breakout Strategy/Counter-Trend Long Term Trend Time Frame: 1D/4H Focus Time Frame: 1H Market Condition 1D: Short Term: Downtrend (based on 100ema) Long Term: Sideways Market Condition 1H: Short Term: Sideways Long Term: Uptrend (based on 100ema) Area of Value (AOV) Resistance: 1.32915 - 1.33813 Support: 1.31118-1.30205 Entry Trigger: 1H: Bearish Engulfing Entry Price (EP): 1.32216 Stop Loss (SL): 1.32426 Take Profit (TP): 1.31234 RRR: 4.68 Analysis: 1H: Price boke above minor resistance but immediately followed by bearish engulfing. Found support at descending trendline, however, price seems struggling reaching new high (pin bar was also formed rejecting higher price). These could be a sign of False Breakout. NOTE: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
EURCAD Support & Resistance TradingSTRATEGY: Support/Resistance Trading Strategy Focus Time Frame: 1H Long Term Trend Time Frame: 1D/4H Market Condition: Ranging Area of Value (AOV): Resistance (Price at Resistance Zone) 1.47387 - 1.46936 Entry Trigger: 1H: Bearish Pin Bar 4H: Bearish Engulfing Entry Price (EP): 1.46725 Stop Loss (SL): 1.47432 Take Profit (TP): 1.44753 (2.79R) Analysis: EURCAD is currently at a ranging market condition as we see clearly on the chart. Looking on the 4H Time frame, we can see that price rejected the Resistance Zone with Bearish engulfing. On 1H Time Frame, the zone got rejected with 2 bearish Pin Bars. Prior to these, we can see that the price approached the Resistance Zone with High Momentum. This usual type of move approaching either Support or Resistance Zone usually indicates trend reversal. OANDA:EURCAD DISCLAIMER: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
1
USDCAD Weekly Showing Strong Bearish SignsDollarCad Weekly Formed A Bearish Engulfing CandleStick Formation after breaking out of its long term channel, USDCAD already retraced back up creating a lower high and now we have this bearish candlestick formation with a counter trend line break. the daily seems to be a little low already and might retrace, I don't plan getting out since its the beginning of the move from the weekly, what Im planing to do though if it retaraces on the daily I might look to add to my position. if you not in yet I would say probably the best thing to do is to wait for a pullback, Risk Disclaimer I'm not telling you what to do im just saying what I would do. I Wish You To Make Lots Of Money
Short
by ElyaStein
AUDUSD end of an uptrend?Yesterday, I published a potential trading idea on AUDUSD, on my YouTube channel. The price is following an ascending triangle, but recent action is showing that sellers are getting stronger and may attempt to break the ascending triangle, pushing the price down. There has been a nice reaction at the top of the triangle, then a double top (highlighted with the two red arrows) and a bearish engulfing pattern right after the second top. This is only an analysis of a possible change of scenario. I'm not going to open any trade because the setup of the moving averages shows that it is not convenient to plan short positions, at the moment.
Short
by FedericoSellitti
Trade Ideas Educator: NZDJPY TrendlinesYes, both trendlines are pointed at different directions but you can see how similar it can be based on my analysis. First, we have to register the fact that the trend on the 4-hourly chart is still bearish and the market is within the sell zone. I am waiting for a shorting opportunity. So a bearish engulfing might just set up well for me to engage a short trade. If that didn't happen, I would just need a break and close below the bullish trendline on the left, a break and close below the trendline will set off a short position.
Short
by RaynLim
Time To Change The OilAZO Has the appearance of having completed its leg up, and still has room to move downward toward 888 area in my opinion. Below are multiple timeframe looks at possibilities of this look like. Weekly chart would appear to be presenting AZO in a possible first wave in a longer term view. On the daily, printed a big fat huge bearish engulfing candle last Friday. Sww attached image. Pretty self explanatory after that. Happy hunting and GLTA!! commodity.com
NYSE:AZOShort
by UnknownUnicorn1314136
forexTrdr GBPUSD BEARISH ENGULFING + HEAD SHOULDERS + DIVERGENCEMorning traders Looking at a great setup on British Pound versus US dollar with Bearish Engulfing candle pattern forming on the daily charts between Friday and Monday and drill down to the 4 hourly charts and we see a head and shoulders pattern forming. Both suggesting British pound is about to head lower versus US dollar. Additionally we have bearish divergence on RSI charts with higher high in cash price which formed the head of the head and shoulders pattern but only forming a lower low on RSI as volume supporting the price action declines. Stops set just above the head level and targeting a move back down to sub 1.21 sets up a 3 to 1 risk to reward. If you are interested in more of our trades get in touch, offering a 30 day free trial currently good luck trading this week!
Short
by forexTrdr
CRUDE OIL – Multiple Inside Bar Pattern + Bearish Fakey SetupWelcome to MSCapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Indices, Commodities, CFD and Stocks Markets every day. DAILY Multiple Inside Bars + Small Pin Bar have been present since last week, A Breakout of mother candle would impact to more downside. NOTE Always take 1% risk on each trade for capital preservation. Regards: Carlos Smith. Leave us a comment or like to keep our content for free and alive. Have a great Day for everyone!
TVC:USOIL
by MSTradingCapital
BTC/USD WEEKLY SHORT, LONG-TERM.BTC/USD WEEKLY SHORT, LONG-TERM. The bearish engulfing is one of the most important candlesticks patterns. This candlestick pattern consists of two bodies: The first body is smaller than the second one, in other words, the the second body engulfs the previous one. This is how a bearish engulfing bar pattern looks like on your charts, this candlestick pattern gives us valuable information about bulls and bears in the market. In case of a bearish engulfing bar, this pattern tells us that sellers are in control of the market.
BITSTAMP:BTCUSDShort
by alejjuuu
EURAUD - 100pip Short?EURAUD has been moving in an interesting manner of late. If you noticed on the 4 hour, a consolidation around 1.63500 to 1.6300 - with a spike up to 1.6450 and falling back into the 1.6300 - 1.6350 range thus creating a head and shoulders. Daily - We have come into Yearly highs, with a Spike up and a bearish close on the day, forming a shooting star/bearish engulfing, with the next day retracing, however we saw another spike into the highs. Market has failed to break past 1.6350 resistance and another shoting star formed. We ar looking for a break below 1.6300 to confirm the head and shouders formation.
Short
by myronemoyo