Retracement then Long on EURUSDCandle pattern forming to bring about a retracement then a long=buy incoming
Engulfing Candle
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.
EURJPYDo your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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 :)
GBPUSD-Weekly Market Analysis-Jul20,Wk2Waiting for a retracement back to 1.2523 as long as it doesn't break and close above the recent high, it will be a good consideration for a shorting opportunity.
If the market head back down to Point D, with an RSI Divergence I will head into the Type2 Bullish Bat Pattern trading opportunity.
GPB/USD BEARSISH SIGNAL WITH CANDLE PATTERNGBP/USD make Bearish candle pattern that is Bear engulfing.
Target prices Tosca and Purple rectang of fibonacci.
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Keep it 😁 SAXO:GBPUSD
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.
Watch for trendline reaction $ROKU Daily bearish engulfing should send this stock lower with respect to 115/116 per share.
Evening Star and Bearish Engulfing $NFLXTwo bearish patterns appearing for $NFLX last week. The weekly shooting star should have this name challenging 426 next week.
Bitcoin Weekly Bearish Signals. Likely to go lower
Today I will show some weekly Analysis which is showing many Bearish signals.
Firstly the RSI has a weekly bearish Divergence. This is a bearish indicator as we are likely to move lower. (Marked by purple arrows )
Secondly There is a bearish engulfing candle which indicates bearish momentum (Indicated by green arrow), you can find more about the pattern here: www.investopedia.com
Piercing Line and Bearish Engulfing $AMZN$AMZN weekly showcases a shooting star which is comprised of this past weeks daily piercing line and bearish engulfing patterns. A break at this daily trend line, leads to a pivot point challenge and potentially lower lows.
GBPJPY Rally point for tomorrow As u can see in the chart and my analysis, price was already at the strong key level for reversal. To make my analysis more strong the D1 chart also have form the perfect bullish engulfing as a alert before price make a rally. Goodluck guys and happy trade. Kjndly text me on my personal telegram account to join my channel for signal.
t.me/hanzafiq
GBP/USD breaking the short term uptrend?GBP/USD has been in a downtrend for a few weeks, but recently, it showed signs of strength, with a short term uptrend that was following the uptrend line in the chart.
We had a strong red candle breaking through the uptrend line, so I believe that there is a concrete chance to trade this market with a short position.
Setup of moving averages is a bit unclear, so I enter this trade with a slightly lower risk.
Bearish idea for MPLWill be watching closely over the next few days. If that bearish engulfing is confirmed with a print below 3.01, I will likely short. Indicators are flashing overbought, divergences in RSI and MACD. Will update if trade fires and I can find shares to short. :P
Let's get prepared for a pull back So based on the price action and the trend line
We highly can expect a pullback in the upper line and then the market will go down
OCFC: bearish engulfing patternHello traders!
- Price broke out from the range, but then it came back
- Price tested again the resistance
- BEARISH ENGULFING PATTERN
- MACD is bearish
In this situation, I believe that the price has good chances to go down towards the previous support.
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
GBP/USD: FALSE BREAK OUT!Hello traders!
- BEARISH ENGULFING PATTERN appeared on the 11st of June
- BULLISH STRENGHT is declining
- MACD looks closed to a reversal
TARGET PRICE = 1.21 ~
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
USD/SEK: engulfing pattern Hello traders!
- NEW SUPPORT was formed
- BULLISH ENGULFING PATTERN appeared on the 11st of June
- MACD reversal
TARGET can be set in proximity of the 3 Fibonacci Levels, drawn thanks to FIBONACCI EXTENSIONS TOOL.
Please, notice that the 61.8 FIBONACCI LEVEL coincides with the RESISTANCE
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
Uptrend in USDJPYBullish engulfing formed in H4 and it gives more pressure to upside and also trend-line is breached.
USD/CZK: LONG SIGNALSHello traders!
USD/CZK seems having reached a good support after a long downtrend!
- BULLISH ENGULFING PATTERN appeared on the 11st of June
- BEARISH MOMENTUM looks always weaker
- MACD LINE is really closed to cross the SIGNAL LINE
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
Potetial Engulfing of GBPCADThere is a sign of engulf pattern. Its potentially go down to hit SnD area.
TP : 1,6718
SL : 1,7204
