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Engulfing Candle

Analysis GBPUSD (Overall down Side)Hello Traders, GU looks like a very much a down trend for the past week. Therefor, trading it to the down side would be your best bet in your favor. As you can see the the candles are retracing to mitigate anything to bring back in profit to continue to a sell/short. Possibly would hit to the 38% to the 50% retracement to reach to the target area. According to the RSI, there is a divergence which it let me know that it is retracing. It also shows the engulfing candle to the retracement area around the Quarter point and making LH and LL's. Beware: news is coming out for all the USD pairs. It is a red flag. starts 1/26/2022 2:00pm EST time. Thank you for reading!
Short
by MonaySess
A BULLISH MOVE IS BEING EXPECTED IN CARERATINGCARERATING seems to look positive on the chart, currently at around 615. It is being expected that the stock can initially face a Resistance at around the levels of 651, 678 and 720. Whereas on the downside levels, it can face a support at around the level of 602 on a closing basis. Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:CARERATINGLong
by alokdaiya
CHFJPY - In Trend Engulfing Long Setup 4HCHFJPY has formed a perfect in trend engulfing long setup on the 4 hour time frame. The engulfing candle formed December 23rd at 8am (closed at 12pm noon) engulfed 3-5 previous candles. A perfect rejection and wick through 61.8% retracement level confirms this long setup. Entry is at the 61.8% retracement level. SL is set 2 pips below the engulfing candle low. TP is set at 3X the risk. Very similar setup to EURJPY which confirms JPY weakness.
Long
by justinholtgrave
EURJPY - In Trend Engulfing Long Setup 4HEURJPY has set up a perfect in trend engulfing long setup on the 4 hour time frame. The engulfing candle formed on Dec 23rd at 8am (closed at 12pm noon CST) engulfed 6 previous candles. The engulfing candle also closed above resistance of the previous highs. Price rejected the 61.8% retracement level perfectly which confirms this setup. Entry at 61.8% retracement level. SL 2 pips below the engulfing candle low. TP set at 3X the risk. Very similar setup to CHFJPY.
Long
by justinholtgrave
XAUUSD Bear Direction and Sell ScenarioPlease if you like my idea hit like and follow me. I need your encouragement. Gold broke a major swing downward and created a low at ca. 1753 before retracing to QM level. We had a decent reaction at the QM level, and we should get ready for a sell. The best scenario for me is a retrace to ca. 1809 for a sell. Targets are 1760 and 1739. Please note this is not financial advice. This is only for educational and entertainment purposes.
OANDA:XAUUSDShort
by theforexhighway
4
GBPCAD - In Trend Engulfing Long Setup (4H)GBPCAD has formed a significant bullish engulfing with a big wick on the 4H time frame. Confluences: Huge bullish engulfing candle with a big wick engulfing at least 4 previous candles. Huge bullish engulfing pattern on the weekly time frame. 20EMA rejection. Current uptrend. 1st entry: 50% Entry with 1:2 risk to reward. Safe SL below engulfing low. 2nd entry: Entry after huge wick through 38.2%, 50% and rejecting 61.8%. Risker SL below confirmation candle low which is also the 2nd higher low. 1:3 risk to reward. 30m time frame allows a perfect view of the 2nd higher low forming which is the ideal entry point for this strategy.
Long
by justinholtgrave
ENGULFING CANDLE. Powerful reversal candlestick pattern🕯 ✅Candlestick patterns trading is one of the oldest but most effective ways to analyze the foreign exchange market. The trader needs to find certain patterns, and based on them, decide where the price will go. Today we will talk about one of these candlesticks, which is called the "engulfing candle". There are two types of it: bullish and bearish. The appearance of such a model on the chart with a high probability indicates a possible reversal of the trend and is a signal to enter the market. Types of engulfing and their features ⚠️So, we realized that there are two types of this candle: 🟢Bullish. It indicates that the trend is turning towards an increase in the value of an asset or currency pair. The candle must engulf the range of the previous bearish candle to be valid. 🟢Bearish. The same as with bullish, only the opposite. It indicates that the trend is turning towards a decrease in the value of the asset. In this case, the candle must engulf the range of the previous bullish candle. ✅The formation of the "Bullish engulfing" candle says that buyers have sat on the throne, and "Bearish" - sellers. Let's discuss the theoretical foundations of the pattern. In the case of the "bullish engulfing" pattern, everything will be the same, just the opposite. Rules for the formation of the "bearish engulfing" pattern: There should be a bullish trend in the market, and the price should be on a key level. ❗️A long-bodied bullish candle appears (that is, directed towards the trend). The opening of the second candle should be carried out with a gap relative to the closing of the first, and its body should be larger than that of the previous one. It seems to engulf the trend with its dimensions, and therefore it is necessary to sell (a bearish candle indicates the beginning of a downward trend). ❤️ Please, support our work with like & comment! ❤️
Education
by UnitedSignals
6
AAPL - Sign and ConfirmationThe long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done. And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.
NASDAQ:AAPLShort
by Damako