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Bearish Engulfing

forexTrdr BTCUSD - THE BITCOIN BEARISH ENGULFING Morning traders For those of you trading crypto its worth noting that Bitcoin versus US dollar has formed a bearish engulfing on the daily and is forming consecutive lower highs on lower volumes pointing to a break lower. Its no surprise to see that it is in over bought levels on both RSI and stochastic but coupled with collapsing volumes at these resistance levels and now the formation of a bearish engulfing candle pattern on the daily its setting the market back up to retest 6500/6600 support area. As always we try to keep our analysis clean and easy for anyone to be able to follow but should you want to learn more then please do get in touch. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
BITSTAMP:BTCUSDShort
by forexTrdr
Bitcoin : Bearish Engulfing Candle- A Correction Coming In.Bitcoin is in a correctional momentum for now and created a bearish engulfing candle stick. A close below the red line will confirm a correction towards the next support first at around 7038 USD and after that 6500 USD. Remember to drop your LIKES and press the FOLLOW button if you are interested by our forecast and be free to DISLIKE the post or right your COMMENT if you not convinced by the forecast. Thank you for your time to read our posts anyways. With Regards. Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA. You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate. With Regards. Team TWA.
BITFINEX:BTCUSDShort
by cryptotalk_et
Double top and bearish engulfing pattern and price in overboughtA good shorting opportunity bearish engulfing pattern formed after wipro announced it's result i have also checked the delivery percentage which was less. if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate also price is in overbought region as per RSI indicator. and lastly it looks like a double top has been formed after a uptrend in price which could mean that trend is about to reverse
NSE:WIPROShort
by aakashsawant53
Week 11 Trade 2 EU ShortReasons for entry: - 88.6% fib rejection - 1.1310 Minor psychological level - PA is wicking + bearish engulfing - Price is losing moment and beginning to stagnate - 2hr Doji, possible evening star forming on the 2hr Entry Timeframe: - 1hr bearish engulfing (weak) + 2hr Doji - 1.1305 Stop Loss: @1.1319 (-14pips) Take Profit: Target 1 @1.1225 (+80pips) = Risk/Reward : 1:5.9 Target 2 @1.1200 (+105pips) = Risk/Reward : 1:7.8 Target 3 @1.1150 (+155pips) = Risk/Reward : 1:11.5 Notes : - 2nd attempt at shorting this EU trade
Short
by SyndicateFX
CAD looking weak!Analysis -CADJPY looking bearish after showing signs of reversal. Buyers pushed price up into and past resistance before the previous day's candle close. The next day, sellers stepped in and pushed price all the way down past yesterday's daily candle open. -The price action resulted in a bearish engulfing setup AT RESISTANCE which is a bearish sign. -On the 1H time frame, price just broke a bullish trend to the downside and has retraced some pips, possible retesting breakout. -There is also bearish RSI divergence on the 1H time frame which further eludes to price possibly reversing to the downside. -The reward/risk seems tight for the setup (given the distance between daily S/R) so I'm waiting for a strong pullback before entering short Entry, Stops and Targets -Short Entry: 83.79 (I entered on a pullback after price broke out) -Stop Loss: 84.275 (Set stop above the high of the daily reversal candle) -Take Profit: 82.82 (Set targets at a minimum of 1.8 times your stop depending on entry) = 2R *Manage your EMOTIONS, manage your RISK, follow your STRATEGY*
Short
by Mankz
Crude Oil Candle PatternWeekly candle on crude oil closed as a bearish engulfing > www.candlesticker.com Definition This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. Recognition Criteria 1. The market is characterized by a prevailing uptrend. 2. A white body is formed observed on the first day. 3. The black body that is formed on the second day completely engulfs the white body of the preceding day. Pattern Requirements and Flexibility The length of the first white candlestick is not important. It can even be a Doji. The second one, however, has to be a normal or long black candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but in any case, the black body of the Bearish Engulfing Pattern should be longer than the previous white body. Trader’s Behavior While the market is characterized by a definite uptrend, lower volume of buying is observed with the occurrence of a white body on the first day. The next day, the market opens at new highs. It looks as if there’s going to be more bullish trading, however the uptrend loses momentum and the bears take the lead during the day. The selling pressure overcomes buying and finally the market closes below the open of the previous day. The uptrend is damaged. Sell/Stop Loss Levels The confirmation level is defined as the last close. Prices should cross below this level for confirmation. The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
TVC:USOIL
by Joseph_King
NZDUSD Ready for Bearish MomentumBased on timeframe analysis, this a intraday short trade centered around : Break of Structure on the H4, H1 and M15 Test of a strong daily resistance level Bearish engulfing candlesticks showing a change in trend momentum Retest of the break of structure before continuation of new trend I also showed my projected stop loss and take profit areas. Be sure to use proper money management when trading, its the most important part. Happy Trading. - Delroy
Short
by xXxD3LCOxXx
Bitcoin Daily Update (day 304)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge *Using Weekly Chart* Consensio: P < M MA < S MA < L MA | S MA made first bullish cross with M MA since July and it appears to have immediately reversed. Patterns: Phase 7 hyperwave | Bear Channel Horizontals: $3,500 support being tested | R: $3,592 Trendline: Channel is included on today’s chart Parabolic SAR: $5,170 and accelerating down rapidly Futures Curve: Backwardation is only reason I am not short. BTCUSDSHORTS: Consolidating at support. Will we get higher low or not? Funding Rates: Longs pay 0.01% | Very surprised that longs are paying shorts after the last couple days. TD’ Sequential: Bearish price flip Ichimoku Cloud: Bearish af Relative Strength Index: Finding resistance at 38. Average Directional Index: Shows that bear trend has only just begun. Estimate that we are on the 50 yard line. Volume: Not all too impressed with the volume on the selloff. Would like to see a bar that is closer to the volume we saw on the week of Nov 19. Price Action: 24h: -2.1% | 2w: -7.9% | 1m: +9.1% Bollinger Bands: Didn’t even retest MA on this last move. Bottom band = $2,572 Stochastic Oscillator: Made bearish cross < 20 which is as bearish as it gets Summary: This is a very tricky spot. The daily close below $3,550 support combined with the weekly bearish engulfing is a strong indication to enter short. However the futures market is still in backwardation and I refuse to enter short as long as that is the case. I got whipped around too many times shorting BTC during $6,000 consolidation and I could have avoided every one of those entries if I used the futures curve as my final confirmation. That is the most important indicator to me right now and I will be watching it closely. If the market re enters Contango then I intend to start shorting again. I am as confident as could be that we have not seen the bottom yet, however I also thought this would be an ideal area to provide the support needed for a relief rally. Therefore both sides of the trade are appealing. Great time to sit on my hands and wait for a clearly picture to present itself.
BITSTAMP:BTCUSD
by Sawcruhteez
1
EURAUD Short EURAUD showing slight weakness for a short opportunity. 1Hr Bearish Engulfing and a 4Hr bearish engulfing. This is also completed a three wave structure to commence the C wave. Yellow Projection: Our preferred scenario to fall to the area of accumulation. Look for any sells through to this point. Divergence between two peaks of RSI and we have the stochastic approaching the 50 line. Teal Projection: Second scenario could break the prior A top then head south. The risk: Keep your stops above blue A if you have the capacity otherwise $1.5830 for a nice tight stop on this short play.
Short
by TradersMission