FTSE - Broadening triangleFTSE 100 Index on the weekly chart has formed a bearish engulfing candlestick pattern at the top end of broadening triangle. The mentioned pattern requires confirmation in form of a lower weekly close. The immediate downside support is at 7120 level. A breach of this level will lead to a failed breakout in the index and it may head lower towards 6700 - 6600 level. The RSI (14) indicator on the weekly chart is exhibiting a negative divergence.
Bearish Engulfing
NZDUSD: Beautiful H&S pattern right here!With the weekly chart bouncing off the 50% Fibonacci level AND creating a strong bearish engulfing bar, further confirmation comes with an absolutely beautiful H&S pattern right here!
However, I expect it to retrace all the way to the previous trendline that it recently broke off.
Comment and let me know your thoughts on this! May the pips be with you!
4H -AUDUSD - BEARISH IDEAprice retested previous resistance area putting a nice bearish engulfing candle, so I am shorting it form here
4H - EURUSD -BEARISH IDEAPRICE STILL HOLDING THE DOWNTREND LINE 4H - AND PUT A BEARISH ENGULFING CANDLE WITH CONFIRMATION WITH THE NEXT CANDLE FOR TREND CONTINUATION ( BEARISH )
4h - AUDCAD - BEARISH IDEAWHILE PRICE IS PLACED UNDER THE RSI 50% IT PUTS A NICE BEARISH ENGULFING CANDLE WITH A CONFIRMATION WITH THE NEXT CANDLE FOR BEARISH TREND CONTINUATION
4H - AUDUSD - BEARISH IDEAPRICE IS FOLLOWING A DOWNTREND FOR THE 4H TIME, PRICE PUT A BEARISH ENGULFING CANDLE JUST BEFORE HITTING THE TREND SUPPORT LINE.
4H - NZDCHF -BEARISH IDEAPRICE RETOUCHED THE BLOW TREND LINE AND PUT A BEARISH ENGULFING CANDLE, RSI STILL UNDER 50% SO A POSSIBILITY FOR SHORT BEARISH TARGET IS HERE.
4H- GBPJPY - BEARISH IDEAThe market is back up against a major level of structure on the 4hr chart and has put a bearish engulfing candlestick while the price is still under RSI 50%
GBPAUD - Bearish Idea.Price put a nice bearish engulfing candle while it is still diving below RSI 50, So I am shorting it why not? : )
4H -GBPAUD - BEARISH IADEAPRICE IS SHOWING A BEARISH ENGULFING CANDLESTICK WHILE THE PRICE IS DIVING UNDER THE 50% RSI AND UNDER THE SMA50
4H- GBPUSD -BEARISH IDEAPRICE IS DIVING BELOW RSI 50% AND BELOW THE SMA50 AFTER PUTTING A BEARISH ENGULFING CANDLE
4H -GBPCAD -BEARISH IDEAPRICE PUT AN ENGULFING BEARISH CANDLESTICK WHILE IT IS SINKING BELOW RSI50% AND UNDER THE SMA50
4h - XAGUSD - Bearish IdeaPrice put an engulfing bearish candle while it is below SMA 50 and RSI 50%, so will short it from here
Bearish engulfing at resistance line!Trend continuation with good engulfing setup at resistance line. Only negative point is the bollinger middle band as support. Good luck!
Top in place on AUDUSDThursday's Bearish Engulfing at major resistance zone suggests a top is in place on AUDUSD. We are dubious of Friday's rally and see it as a selling opportunity. Bears will be looking to take out the 7607 - 7590 4h support zone, with a break below there targeting major support confluence above 7450. Only a daily close above 77 would invalidate.
GBPAUD SELL TRADE (BEARISH ENGULFING FORMATION IN DAILY)Reversing from 23.6% Fibonacci Levels
and a Perfect bearish engulfing pattern on the top :)
GOOD LUCK
trade will take 2 or 3 weeks
Bearish Engulfing Candle BreakoutA strong break of the 25 SMA and phase line with a bearish engulfing candle like this is a big part of the set ups i use in my system. It tends to be a good signal of a retracement coming. Not necessarily a full on trend change, but enough room for a quick few pips.
DOLLAR vs. YEN SELL VIEW 19-th JULYIn next few days we expecting decline of pair at least with 300 pips. Analysis is based on 65% technical and 35% fundmental. In next hours probably will see bearish engulfing to 105.70 area.
Sell EurUSD after 1.618 extSell FX:EURUSD
Price reaced 1.618 ext of up ABCD Swing / .236 Retracement of Down AB Swing
Bearish Engulfing CS formation
Resistance (pink line)
StochRSI over sold
EURGBP Short positionShort eur/gbp , take profit on the first bullish bar or keep till hit TP. This is my first post here so im still learning how to do it. Cheers ..... Made a mistake , put the red and green area slightly later on the chart. The trade start from the first bearish bar.
