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Bullish Engulfing

EURUSD to make its 4H higher highI believe the daily momentum for this pair is still bullish. The 4H retraced to the 38.2% fib and presented a Volume bullish engulfing on top of a trendline . While I do believe the Euro is getting weaker, one more higher high or bullish push would make perfect sense considering the fact that its beneath a major resistance and had been rejected there prior. Its approaching an untested breakout zone while these daily candles aren't very strong.
Long
by DesharedPierreJr.
TAP - start of bullish trend?TAP bottomed in Sept 2020 and began to move higher till 7 Jun2021, after which it made no further progress and pretty much churned sideways in a wide range for the next 11 months. Finally, on 2nd May this year, it began to propel strongly above the neckline due to positive earnings surprise. However, it then began to pullback over the following few weeks, all the way close to the neckline before staging a strong rebound. This is a classic breakup and retest that affirms that the neckline (formerly a strong resistence) is now the new "support". The stock appears to be poised to began an uptrend that could last a while. The next strong resistence could be around $75. However, it is just a level to look out for and nothing is cast in stone. Trade management (which varies according to one's trading style and temperament) is required to see how far one is able to ride a trend. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TAPLong
by Juliac
RADICO - Bullish Engulfing Swing ReversalNSE: RADICO is closing with a bullish engulfing candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:RADICOLong
by BrahmaBull31
Gold creating its 3rd higher high after a steep declineI believe it's time to counter trend trade this pair. I plan on counter trend trading this pullback(retracement) of a daily lower low. TDI was too bearish on the 4hour chart from me to take a long position on Friday but now, all signs are clear for a buy upon a reversal signal at re-test. The swing high is around 1983.27 the swing low is around 1958.15. the neckline for the double bottom is the weekly support. I've already remarked up my chart for the 4hour supports and resistances. I intend to trade as relatively close to naked as possible since the candles speak for themselves as loud as the fundamentals. We're up all night to get lucky as we become more patient with this setup we'll learn that it's the simple fundamentals and basic levels of structure that determine our bias for direction we must be attentive and prepared to switch immediately upon a retest of structure.
OANDA:XAUUSDLong
by DesharedPierreJr.
NZDUSD: Daily Bullish Engulfing with Hidden Bullish DivergenceNZDUSD still looks like it would rather Break Bullishly out of this Range than Bearishly and right now it has Bullishly Engulfed on the Daily and has Continued to Build it's MACD Hidden Bullish Divergence; if we could gather enough energy to rally up to and break the Bullish Dragon Trigger Line, I not only think it would make the 0.886 retrace of the range but i also think it would have quite a good chance of breaking out fully from the range and going for new highs.
Long
by RizeSenpai
EURJPY TRADEWell here i used Fib tool to get another confirmation to enter a trade,we have fib 0.618+retest of daily zone+bullish engulfing,so triple confirmation,if u go to daily and u pull a fib from the low to the hi,0.618 alignes with my zone 144.287-always look as a zone not a LINE,i put the lines because if not my chart looks messy,and daily is retesting ,i only enter when 0.618 or 0.5 alignes,and only using fib sometimes to get multiple confirmation,here a bullish engulfing and a retest would be enough for me,didnt manage to publish the trade before i entered,if someone is interested i can do it most of the time,always glad to help and to share the knowledge
Long
by ZONE2ZONE
SPX: Bullish Reaction Above Golden Cross.• The SPX is doing a very powerful reaction above a critical support level; • First, as seen in the daily chart, it hit the 3,949 support, and it is doing a powerful reaction. Last Thursday it did a Bullish Engulfing, and las Friday, it broke the 21 ema and the 4k; • In the weekly chart, it is doing a Hammer candlestick pattern, a bullish reversal pattern that works 60% of the time (according to Bulkowski – Encyclopedia of Candlestick Charts); • In addition, this Hammer appeared just above the purple line, which was a previous resistance when the SPX was inside a Descending Channel; • Moreover, this Hammer appeared above the 200 ma, after the index made a Golden Cross (the 50 ma broke the 200 ma upwards); • All these signs indicate that although the index may look overbought short-term wise, it has decent chances of maintaining the bullish bias mid/long-term speaking, especially if look at the weekly chart; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
BULLISH ENGULFING ON WEEKLY CHART !!Hello to everyone A significant decline has been seen in the price. The price trading near key demand zone and price respects the support level and moved towards upside on weekly chart. Price also formed bullish engulfing formation on weekly timeframe, which is showing that price has strength to go upside. If price respects the bullish pattern than we can expect good bounce back rally in the price. #ACC LTD 📊 👉Price at key demand zone 1660/1675📈📉 👉Bullish Engulfing Formation on weekly chart 👉Support seen at 1660/1665✅ 👉Reversal sign📈 👉Targets 2045/2165 +🎯 👉Add to your watchlist👍
NSE:ACCLong
by Jha_Nidhi
2
SPX: Strong Bullish Reaction.• The SPX did a bullish reaction, just above our key support level at 4,100, which we’ve been monitoring for a few days; • This indicates bullish continuation, and despite the correction this morning, the index still looks bullish; • In the lack of bearish reversal structures, the gap at 4,218 is our next target. So far, there’s no bearish sign on the index; • Yesterday, it did a Bullish Engulfing pattern, and it is quite normal to see short-term corrections after the bullish candlestick – but it must not drop too much, otherwise, it might frustrate the pattern; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
RBLBANK - Bullish Engulfing Reversal NSE: RBLBANK is closing with a strong bullish engulfing reversal candle. Today's candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:RBLBANKLong
by BrahmaBull31
Tug of War Among Central BanksThere is a tug of war situation among the central banks to hike interest rates. What is the bad and the good that will come out from this? i. Last week of October, European Central Bank officials announced another massive 75 basis point hike, increasing interest rates at the fastest pace in the history of the euro currency. ii. This week, the Federal Reserve is expected to increase rates by 75 basis points for the fourth time in a row. iii. The Bank of England could join the club on Thursday. Content: . The Interest Rate race has just started, why? . The impact on different currencies . It may not be all bad news, why? With higher interest rates, it attracts investors to buy its currency, in this case the USD. Currency is always a pair, when USD strengthens, the other side weakens. When a currency gets weaker, it is very bad news for inflation because they will have to pay more on their imports. Therefore in order to counter inflation, one of the best measures is to hike rate Expect more volatility in the currencies market, meaning currencies will take its turn to move. And if you are a trader, you should welcome volatility. Because with volatility, there are opportunities. GBP Futures 0.0001 = $6.25 0.001 = $62.50 0.01 = $625 0.1 = $6,250 1.1000 to 1.2000 = $6,250 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:6B1!Education
by konhow
76
REC LTD - BULLISH ENGULFING 📊 Script: RECLTD (REC LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY FINANCIAL SERVICES / NIFTY MIDCAP 50 📊 Sector: Financial Services 📊 Industry: Finance Institution Key highlights: 💡⚡ 📈 Script is trading towards upper band of Bollinger band (BB). 📈 Already crossover in MACD . 📈 Already Crossover in Double Moving Average. 📈 Double candlestick pattern BULLISH ENGULFING seen which indicate Bullishness in stock. 📈 Right now RSI is around 70. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 105.45 🟢 Target 🎯🏆 - 114/117 ⚠️ Stoploss ☠️🚫 - 100 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:RECLTDLong
by radha_23
PERSTIGE - BULLISH ENGULFING 📊 Script: PRESTIGE (PRESTIGE ESTATES PROJECTS LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY REALTY / NIFTY MIDCAP 100 📊 Sector: Realty 📊 Industry: Residential Commercial Projects Key highlights: 💡⚡ 📈 Script is trading at middle band of BB and taking support of middle band which is SMA20. 📈 Already crossover in MACD. 📈 Already Crossover in Double Moving Averages. 📈 Double candlestick pattern BULLISH ENGULFING seen which indicate Bullishness in stock. 📈 Right now RSI is around 56. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 455 🟢 Target 🎯🏆 - 517 ⚠️ Stoploss ☠️🚫 - 428 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:PRESTIGELong
by radha_23
US 10-Year Treasury Yield Bullish Engulfing in Focus Before FedThe US 10-year Treasury yield left behind a Bullish Engulfing candlestick pattern on the daily chart this Friday. This is as the bond tested a rising range of support from August. A turn higher from here could open the door to revisiting the October high of 4.33. Otherwise, breaking lower exposes the 50-day Simple Moving Average, which could reinstate the upside focus. All eyes next week turn to the Fed, which is expected to deliver a 75-basis point rate hike. The focus will rather be on their language going forward as markets increasingly expect moderation. TVC:US10Y
TVC:US10Y
by QM_Dubrovsky