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Engulfing Candle

1st Outside Green Trend Bar In Over 3 MonthsToday was the 1st outside engulfing green trend day bar since June 10. There have been outside green engulfing candles since then but they have all been very wicky, this was the first very full bodied trend bar. Last time it happened it made a nonstop run to a somewhat major high from about 8k to 14k within about two weeks. So I am seriously considering swing trading bullishly against the overall down trend with a target at Philakone's 8800 level. Today I daytraded long and kept half my position open for an overnight mini swing. I am considering adding to that position at least until it gets to the other side of the pitchfork. I am not so bullish that I think it will shoot straight to 20k from here. I especially will become very bearish if it gets into the 9300 region where it is likely to stall out and reverse.
BITSTAMP:BTCUSDLong
by mljones
AUDUSD - Hanging Man / 2 Bar engulfing on Supply Level - SELLHi traders, I found a supply level that was hit last week. The price was in a little consolidation. I waited for a confirmation (candle formation) before entering the trade. The confirmation was a 2 bar engulfing pattern / Hanging Man pattern on the D1 Chart. This post is a little late, as I forgot to upload the idea after I entered the trade. You can use it as a supply and demand theorie. Always remember to trade with proper money management. I recommend a maximum risk of 2%.
Short
by Sturlison_98
Price action signalling the bears1. Support level broken 2. Tested as resistance 3. This is also previous resistance area 4. Bearish engulfing bar completed 5. Supported by 8 simple moving average See the signal on the weekly time frame as well Shorts are favored with this strategy and stops are best placed above the engulfing bar with targets at least 2x sl value Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Short
by Cmasterza
Bullish price action signal1. Price is in an up trend 2. Previous resistance become support 3. Bullish engulfing bar completed 4. Supported by 8 simple moving average The high of the engulfing bar has to be broken for the trade to be valid. Stops for this strategy is best placed a few pips below the engulfing bar and targets must be at least 2x sl value... Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
Fibonacci at workAfter reversing on the major support, the market has rallied higher and just hit the fibonacci zone after a pullback. 1. Pullback to fibonacci level 2. Bullish engulfing bar (needs to close as such to confirm) 3. Previous resistance tested as support 4. Moving average at play as well This is a classic setup using a few factors in confluence. The engulfing bar is to be confirmed and the reward must be at least 2x the risk - stops are best placed where the setup is invalidated (few pips below engulfing bar) Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
Bearish engulfing barThere are a few factors in play with this setup. The pin bar striking the moving average on the weekly time frame around resistance indicates a bearish signal from price action: H4 has a few clear characteristics that is classic of a bearish setup: 1. Bearish engulfing bar 2. Pinning moving average 3. Pinning fibonacci 50% pullback level When the above is kept in mind after the bullish structure broke down (trend line broken) there are many factors meeting in confluence signalling the bears. For this type of setup the stops are best placed a few pips above the high of the engulfing bar and the target must be at least 2x that of the risk. The initial target can be seen as provisional while the 660 pip mark from the entry point is a likely secondary target. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Short
by Cmasterza
Engulfing bar on Fibonacci level1. Up trend 2. Pullback to fibonacci level 3. Engulfing bar completed 4. 50 sma pinned (confluence) This type of setup entails that the stop placement be a few pips below the engulfing bar and the target level must be at least 2x the risk (sl) Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
#DNT : Upto 150% Profits For The Mid Term#Accumulatio_Recommendation Pair : #DNT / #BTC Trading Platform : #Binance RSI : 59 TA Notes : - MACD : Looking bullish on the daily chart. - RSI : Looking bullish too for the short the short term being in a neutral position form but going to move towards the overbought area in the mean time. EMA : Already below the price level indicating a good reversal bull trend. - Volume : Trying to have energy at the current 1D chart by the past 2 days and if it can continue like it is performing right now like almost many altcoins are doing it can be considered as a strong indication for a reversal move. - Candl Stick formation is also looking very good at the moment continuing the formation of a bullish engulf candle from yesterdays close. #Accumulation_Zone : 65 sats - 75 sats Distribution_Zone: Target 1 : 82 sats Target 2 : 91 sats Target 3 : 97 sats Target 4 : 110 sats Target 5 : 123 sats Mid To Longer Term Targets Target 6 : 141 sats Target 7 : 151 sats Target 8 : 163 sats+ STOPLOSS : Close below 56 sats Risk : High Capital Accumulation : 3% @TogetherWeAccumulate
DLong
by cryptotalk_et
AUDJPY - Engulfing on Supply Level - SELLHello traders, I found a supply level that was hit last week. The price is currently in a consolidation. I waited for a confirmation (candle formation) before entering the trade. The confirmation was a engulfing candle on the D1 Chart. I'm uploading this idea after I actually entered the trade. The SELL trade is still valid. Eventually you can get the same entry with a limit order. Always remember to trade with proper money management. I recommend a maximum risk of 2%.
Short
by Sturlison_98
USDCAD Weekly Showing Strong Bearish SignsDollarCad Weekly Formed A Bearish Engulfing CandleStick Formation after breaking out of its long term channel, USDCAD already retraced back up creating a lower high and now we have this bearish candlestick formation with a counter trend line break. the daily seems to be a little low already and might retrace, I don't plan getting out since its the beginning of the move from the weekly, what Im planing to do though if it retaraces on the daily I might look to add to my position. if you not in yet I would say probably the best thing to do is to wait for a pullback, Risk Disclaimer I'm not telling you what to do im just saying what I would do. I Wish You To Make Lots Of Money
Short
by ElyaStein
Price action buy signalThis is an awesome setup: 1. Resistance broken 2. Tested as support 3. Bullish engulfing bar 4. Moving average and fibonacci confluence (50%) Best way to calculate stop is where the setup is deemed invalid and the target must be at least 2x that of the risk. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza