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Engulfing Candle

AUDJPY best time to BUY? Reasons : In AUD/JPY price protected by serveral important factors which: 1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100 2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060 3. Our Trade Stoploss protected by nice trend line ( DYNAMIC support ) near static support. 4. After hanging man candel stick , we saw a full engulfing candel but bulls use any chance to buy at our setup entry price ! it means there is a great DEMAND area! 1:2 RR
Long
by FOXofFX
2
USDJPY - Next MoveLooking into the higher time frames we can see that we broke the bullish flag formed and are now sitting around the key level of 105.500 waiting for the markets next move. The last daily candle closure was a bullish engulfing candlestick suggesting price may want to continue up into the key structure marked after making a slight pullback. If we don’t see this and price wants to break the 105.500 level, our long term target will be 101.500 depending on how the DXY performs. Our most recent COT data source is showing a 59.2% of commercial players are long on this pair.
by AlkalineFX
BTC broke out of the downtrendWelcome fellow Tradingviewers, This analyses is a follow-up from our BTC halving TA and this analyses has proven to be effectious. If you haven't already consider reading that analyses before going deeper into this one. In this analyses we are going to show you our view on the current market situation for Bitcoin . We will be analysing BTC using a top-down strategy , including candlestick patterns , indicators and price patterns . Monthly: - The monthly close was a bullish engulfing candle. - This close was the 2nd HIGHEST CLOSE EVER for Bitcoin. - We are still above all moving averages. - We have closed the monthly above the 10800 monthly resistance. - We have a bullish MACD Weekly: - We closed the weekly as a bullish engulfing candle. - We have broken out of the downtrend formed from the top to 14K. (Dashed line in the graph) - We can see a good accumulation period in the circle above the 50MA where the dashed line seemed to be the resistance. - We closed below the 11500 weekly resistance. - We still have the strong W formation on the MACD. - The MACD is bullish and shows strength. - We are well above all MA's Daily: - We closed the last daily candle as a bearish engulfing. - We have tested the 12K resitance once. - The MACD is bullish. - We are well above all MA's In summary: In our last analyses we clearly stated that before reaching higher we had to break 10K for a shot at 11.5K. We clearly hit both targets . We have broken out of a huge downtrend on the longer timeframes which indicates that the most probable way is up. The W formation in the MACD is showing strength and the volume seems to be confirming the bullish picture. There is still room for consolidation (in the short term) and we might even retrace back to the dashed line before moving higher but at this moment that seems rather unlikely. The most important thing from our point of view is creating a higher high on the weekly timeframe. The last weekly close was not high enough for us to begin thinking about the possibility of it becoming a higher high and for the confirmation of the bullish trend a higher high on the weekly is much appreciated. So we broke out of the downtrend and are now waiting for a higher high to be made to confirm us going higher. This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
BITSTAMP:BTCUSDLong
by ForAllCrypto
3 of 3 Candlestick Patterns That Pinpoint ReversalsBullish Hammer Candlestick These candles are easy to spot and they generally have taller wicks than their bodies, resembling a hammer's handle and head. They tend to close without (or with very little) upper wicks. Here's what a bullish hammer candlestick is telling us: Price opened near the highs of the candle and although sellers initially succeeded at pushing price lower, they lost the final battle when buyers tipped the scales in their favor again by closing price higher than the opening price.
COINBASE:BTCUSDEducation
by Tradingstrategyguides
2 of 3 Candlestick Patterns That Pinpoint ReversalsBearish Hammer Candlestick (AKA Inverted Hammer) These bearish formations are simply upside down hammers, and are also known as inverted hammers. Here's what a bearish hammer candlestick is telling us: Price opened near the lows of the candle, and although buyers initially succeeded at pushing price higher, they lost the final battle when sellers tipped the scales in their favor again by closing price lower than the opening price.
Education
by Tradingstrategyguides
CADJPY H4 ANALYSIS! BREAKING OF EITHER SIDES WILL BE MAJOR! Good day traders! New York market has been opened and I hope y'all have a great trades ahead. Start off with my sharing on CADJPY to give y'all a little heads up on the directions! CADJPY has been struggling in between the price range of 79.70 to 78.34 for the past few days. Therefore, a break of 78.34 would result in bearish movement to 74.13 (ideally) whereas fail to break below 78.34 would push the price to 81.64, which is the recent high. Therefore, we will be waiting for the confirmation candle such as bullish engulfing candlestick pattern and etc, to form from either sides to get into the market. Remember, patience is the key here. Happy trading!
by ChinSengFx
AUDCAD Short Term ForecastD1 - Bullish trend pattern. The price has reached a key resistance zone formed by the 161.8% (0.96314) fibonacci expansion level of the first wave and the 61.8% (0.98591) fibonacci expansion level of the second wave. Shooting star candle pattern, potential bearish divergence. Expecting corrections to happen now. H4 - Engulfing candle pattern. The price has created a false break of the wedge pattern. Expecting the price to continue lower further in the short term.
Short
by VladimirRibakov
4
XRP Weekly AnalysisXRP on the weekly chart is still in an overall downtrend but it’s showing bullish signs. Currently trading just around it’s 20ema, also it’s point of control YTD as seen on the volume profile . If we can close above this with above average volume (+104.655M), we can expect more bullish sentiment to follow. I’d be looking to see a brief some resistance around the downward trending tend line and high volume node before resistance around the 50ema Other bullish signs: XRP is forming a morning star pattern bouncing off its value area on the volume profile and an upward trending trend line . Bullish engulfing bar trading the most volume since the week of April 27th (141.894M) which was at the top of its last mini bull cycle before the last pullback which is now over if we use this weeks bullish engulfing bar as confirmation after last weeks doji . Price Volume Trend is spiking upwards. Thoughts welcome :)
KRAKEN:XRPUSDLong
by MoxieTrading
Bitcoin Ramping up for 7.7k retest. Many Bearish Signs!!! Hello guys. Bitcoin has displayed many bearish signs. Firstly Bitcoin has broken out of its daily Ascending triangle downwards. This means that it will likely hit a target of 7.8k (Green zone). Bitcoin has also closed below the Daily EMA ribbon. Every time this happens it indicates that the daily trend has ended, And that we are about to go much lower. We are able to see this in previous history(Highlited by Green circles). Its likely that Bitcoin might retest the EMA ribbon. This might be a good place to place a short position if you havent already. Remember guys there is a CME gap at 7.7k Historically these fill, So Bitcoin might go back down to this zone to fill it. On the weekly time frame there is a Bearish RSI divergence and a Bearish Engulfing candle. We are able to see this here: These two signs indicate a reversal in the trend on the weekly time frame.
BITSTAMP:BTCUSDShort
by JayT121