Gold prices dropped almost 2 percent on Thursday, the most since the summer of 2020. XAU/USD was unable to find follow-through after a boost from the Fed earlier this week. Upbeat US jobless claims brought data into focus ahead of Friday's non-farm payrolls report, pushing up the US Dollar. A Bearish Engulfing is in focus. Downside follow-through is lacking at...
FX:GBPUSD A break and retest on GBPUSD, which breaks bullish structure. A bearish engulfing candle as a confirmation candle to go short on GBPUSD.
Hello friends. I saw a Strong Trendline Breakdown in Gold and Decide to share with you my opinion. I think Gold is in Overbought Area and It will record some correction in coming days. So i have some reasons for my opinion: 1-In Daily chart we can see a strong Bearish Engulfing candle (as you see in picture below) 2-in Daily chart we can see a Divergence...
Wipro in 4 Hour Timeframe formed Twizzer top pattern & bearish engulfing. If next candle formed bearish then pattern will be confirmed i.e bearish engulfing and you can set 1:1 target.
We can have good option to sell above @372 with Target @360 Disclaimer - This post is only for educational purpose and do not treat it as a trading recommendation.
Last week i posted about this Potential BAMM and Bear Flag Breakdown on ETH that would take us to the 1.618 Fibonacci Extension if real and now this week it looks like we are confirming the BAMM Trigger Line as Resistance as the Hidden Bearish Divergence Continues on the MACD. We have a Bearish Engulfing on the Monthly and just recently closed the Weekly below...
NSE:INDUSTOWER You can sell if open@191 with target @187
Chart pattern formed is bearish Engulfing on daily chart. SL is 629.55 If it breaks low of 602.10 then target on daily chart would be 574.65.
AS per daily chart and another time frames its showing bearish side if price open below Rs.409 it will down upto Rs.380
LINK looks to have failed a 3rd attempt to breakout, locking in a very large bearish engulfing pattern on the weekly. If this pattern follows through I'll be looking in the $2.70-3 range as a major support.
Welcome back! Let me know your thoughts in the comments! **USDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Timeframe - Weekly Pattern - Bearish engulfing SL - 2734 1:1 target :- 2350 Also MACD negative divergence are there. Rsi also in downtrend.
On weekly timeframe, CHFJPY has reached an overbought zone (RSI), an intersection between upper channel and horizontal support. On lower timeframe, we've seen a big rejection recently, and then a correction upward : here we reach the 80~88% fib levels of the last rejection (D1), with a bearish engulfing pattern yesterday. This behavior can be a potential sell...
TSTW. Not legal and financial advice; Any information provided here is only the personal opinion of the author.
TWTS. Not legal and financial advice; Any information provided here is only the personal opinion of the author.
The DXY Dollar Index confirmed a breakout under a near-term rising trendline from August as prices confirmed a Bearish Engulfing candlestick pattern. This might open the door to some weakness in the near-term. But, will the dominant uptrend hold? Keep a close eye on the 50- and 100-day Simple Moving Averages (SMAs). These could reinstate the dominant upside...
OANDA:US30USD US30 has broken its bullish structure. A retest formed and the bearish engulfing candle which has formed is confirmation for entry. Target is the weekly key support level I highlighted on the weekly timeframe.
OANDA:AUDUSD A break and retest of key support turned resistance on AUDUSD. Bearish Engulfing candle is confirmation to go short