GBPUSD ShortOANDA:GBPUSD
GBPUSD broke structure and made a retest on resistance along with a bearish engulfing candle
Engulfing Candle
Bearish signs on EUR/USDHello everyone. Here we have the EUR/USD daily chart. The trend here is still bullish, but we have to keep in mind that the trends of higher time frames are bearish, and we also have a few bearish signs on the daily chart. First, as you can see, the price tried to climb higher, but after that we could see the W&R pattern and the downward action started. Also, the whole situation is not in favor of the EUR at all. There are many worrying factors that pose a big risk to the EUR and with that in mind there is no reason to be bullish on the EUR. So, on the daily chart we have a perfectly formed bearish engulfing pattern that suggests a downward continuation. From a technical point of view, strong support is around 1.0900, where we also have Yearly Pivot Support 1. Strong resistance is around 1.1121. However, I don't expect the price to drop to 1.0900 without any correction, so some retracements could happen, as always. My suggestion is to take advantage of the first retracement that will happen and find a good short entry.
UNVR broke the trend lineAfter broke thre trend line with high volume, the price got exhausted and need more demand to continue the new trend after reversal. So thre price will retrace. There are two areas of demand. For this case, I will pay attention to the price action instead of putting limit order.
If the price show reversal pattern (can be pin bar or engulfing candlestick) in the first demand zone (rectangle), I will buy. If the price still continue the pullback, I will set the limit order in the second demand zone (the lower rectangle).
Gap Fill to take us down 36%Showing extreme amounts of bearish divergence on the daily, breaking immediate trendline and bearishly engulfing on the daily a pullback to the $326 area seems likely.
GBPUSD LongOANDA:GBPUSD
GBPUSD broke resistance/neckline yesterday on the reverse head and shoulder pattern.
Price pushed up and later retested at 38.2% with a bullish engulfing candle giving buy setup.
GBPUSD LONGOANDA:GBPUSD
An inverse head and shoulder pattern has formed on GBPUSD as price breaks bearish structure, price should break neckline/resistance to validate a bullish move on GBPUSD
Bearish Engulfing formed on daily charts of Nifty50Bearish engulfing candle which is considered to be bearish pattern formed on daily charts of Nifty.
UBER: Weekly Morning Star Doji Within a Falling WedgeUber right now is at the bottom half of a Falling Wedge and has printed a Weekly Bullish Engulfing Candle against a Morning Star Doji at a Horizontal Support and at RSI Support and looks like it's preparing to begin a new major move back up from here.
CRM - Adam & Eve reversalThis recent rebound in CRM could have momentum for a sustainable swing up with a confluence of the following technical factors:
1. mini Adam & Even bullish pattern locking in the near term bottom
2. Tested a longer term support zone (apparent on weekly chart)
3. Formation of a strong bullish engulfing weekly candle
4. Good RSI strength (>50)
Theoretical swing target of between 240-248 (gap fill). Will we get there?
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
Dollar failed to clear previous high, targeting previous supportAbsent a clear escalation in Russian-Ukrainian tensions and a FOMC meeting scheduled for this Wednesday, the outlook remains cautious. The dollar index is stable.
At 99.30 points, we can see the bearish price action forming around the previous high, and the 30 minutes timeframe shows that DXY has broken below the previous low support and formed a new lower low, which makes me believe that DXY is going to move lower during the day to reach its previous low support of 98 points.
AUDUSD SHORTList of confluences:
1: Double Top/ M Pattern at high.
2: Bearish engulfing candle stick pattern
3: Key Level Breakout
Risk reward for this trade is a around: 3.62:1
Take Profit: 1.36933 (USDSGD)Price closed above diagonal resistance. Diagonal resistance becomes support after price closed above level.
GBPUSD LongOANDA:GBPUSD
GBPUSD formed a double bottom, breaking the resistance/neckline and simultaneously broke structure of the
downtrend, then made a retest at 50% Fibonacci PRZ with a bullish engulfing.
XAUUSD Sell at 1988My previous trade hit SL. And now I go short at 1988, TP at 1968.
Not all trades will go well. We need to keep going!
Arigato!
GBPJPY Downtrend H4I noticed something during the Valentines day at 14 Feb. Price already show Double Top Pattern & Engulf Sell .
So I sell at 157.25 and add a layer entry sell at 156.95 . TP 1 at 155.40, TP 2 at 153.55.
Follow the trend, I sell at 155.00 and reentry at 155.00 after the corrections. TP 1 at 153.40,TP 2 at 151.50.
Now i entry Sell at 152.900 . TP 1 at 151.500 , TP 2 at 150.500.
I also try to Swing sell position at Monthly Timeframe, I will share it later after this idea published.
Have a great day!
SCALPING SELL AT 2005 & LONG AT 1983I sell at 2005, TP at 1985, 200 pips.
Then I buy at 1983 TP 1 at 2016, 330 pips. TP 2 at 2036, 350 pips.
We'll see how the price action goes. If my buy position don't hit TP 2, I will go sell at 2016.
AUDUSD LONGOANDA:AUDUSD
AUDUSD just broke the bearish structure on the Daily chart.
It had formed a double bottom pattern and broke the neckline of the double bottom
and also closing above the previous Lower High breaking structure. Price further made
a 50.0% retest and candle closed as a bullish engulfing, confirming
a buy setup on AUDUSD.
The $SPY is Potentially Setting up for Another Short-term BounceToday on the 4HR Timeframe we went down Below the Demand Line of a Falling Wedge Channel but ultimately closed back within the Channel then Bullishly Engulfed at the PCZ of a Bullish Gartley on the close of the next candle. We also showed slight hints of Bullish Divergence on the MACD whilst this was going on. This looks to be pretty good for any Market Bulls out there in the short to midterm but i we aren't completely out of the woods yet as the Macro is still Bearish. I will be looking for a Midterm bounce in the SPY but wont be targeting much higher than $450 before looking to see more continuation to the downside.
GBPUSD LONG ON WEEKLY 2/22/22If price holds orange support zone we have a chance at testing yellow resistance zone.
If Yellow support zone holds we may be able to touch the bottom of light green resistance zone.
Forming an inverse head and shoulders and a bull flag to confirm bullish bias.
Needs a bullish engulfing candle breaking out through the top of the pink channel or near the bottom of the pink channel for a higher risk to reward ratio.
Take profit at top of yellow(0.5 on fib) for low risk , and at the resistance of the light green(.618) for high risk
MacD on the weekly has a bullish cross over
Short idea $Oil $WTIMy reasons:
Classic Reversal Pattern, Head and Shoulder at H4.
Huge Bearish Engulfing on H4.
Confirm better by break below neckline, climb and reject below neckline.
Average Entry Price: > 90
SL: 92.00
TP1 : as in the pic (Measure the distance from Head to Neckline)
TP2 : ''
TP3 : ''
GPUSD ShortOANDA:GBPUSD
GBPUSD formed a double top, and broke structure(NECKLINE/SUPPORT)
and retraced at 78.6% and has created confluence with a resistance line
and a bearish engulfing candle formed creating a high probability confirmation
for a sell on GBPUSD.
ATOM SCALPING Atom seems to hit a strong support, while it has broken the Bearish trend line, I think the candlestick pattern( something like an imperfect bearish engulfing) form at the level of a dynamic resistance would lead the price to the support 25.67 to 25.38 USDT for the last time and after formation of a key level we could see growth to 27.49 to 27.67 resistance. also Follow line Indicator along with Hull moving average Band show some signs and signals of change in Trend, so after formation of fist candlestick pattern reversal patterns getting LONG position would be a good choice
