BTCUSD: weekly bullish engulfing candleBTCUSD getting ready for another weekly bullish engulfing candle.. The chart does not need much more words...
Engulfing Candle
AUD/JPY short setupAUD/JPY short setup- I saw the retracement one the resistance zone and nice candlesticks such as pin bar and engulfing and I decided to open a short trade on this pair.
CRUDE OIL – Multiple Inside Bar Pattern + Bearish Fakey SetupWelcome to MSCapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Indices, Commodities, CFD and Stocks Markets every day.
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Multiple Inside Bars + Small Pin Bar have been present since last week, A Breakout of mother candle would impact to more downside.
NOTE
Always take 1% risk on each trade for capital preservation.
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AUDUSD Long (FInally) - 4hr engulfing - this is going to flyHello all - DuncanForex here with another trade idea
Following USDCAD gaining traction to go short yesterday, AUD finally gained strength overnight and printed a great engulfing candle on the 4hour
I have entered on the break of the high and also have buy limits set at the 50% retracement in case there is some price chopping later - it should enter me in at those better prices too
thanks for looking
I expect USD to be weak through the whole of august.
DuncanForex.com is now live
thanks for looking at my trade idea
Duncan
BTC/USD WEEKLY SHORT, LONG-TERM.BTC/USD WEEKLY SHORT, LONG-TERM.
The bearish engulfing is one of the most important candlesticks
patterns.
This candlestick pattern consists of two bodies:
The first body is smaller than the second one, in other words, the
the second body engulfs the previous one.
This is how a bearish engulfing bar pattern looks like on your charts,
this candlestick pattern gives us valuable information about bulls and
bears in the market.
In case of a bearish engulfing bar, this pattern tells us that sellers are
in control of the market.
Weekly EUR/USD short MACD shows that bears are taking over the bulls. There is a false breakout following by a bearish engulfing bar.
This is how a bearish engulfing bar pattern looks like on your charts,
this candlestick pattern gives us valuable information about bulls and
bears in the market.
#XVG : Up to 300% Profits Opportunities For The Mid Term.#Accumulation_Recomendation
#XVG / #BTC
Accumulation Area : 63 sats - 66 sats
Distribution Areas
Target 1 : 78 sats
Target 2 : 93 sats
Target 3 : 106 sats
Target 4 : 118 sats+
Stop Loss : 55 sats
GROW Double BottomDowntrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases.
Upcoming catalysts include new contract signings, approval for use of technology on cannabis and more agro-industrial partnerships.
Bullish gbpusd for 100 PIPS!engulfing candlestick - daily
H&S - daily
break and retest of consolidation - 4hr
break and retest - 2hr + engulfing candlestick.
momentum bullish since the EURO is melting currently .
Bearish Engulf Candlestick For USOIL in W1 Time FrameDespite The “Ships War” in Strait of Hormuz, USOIL Keep Falling Down
In the W1 chart on USOIL, the last candlestick ended as a bearish engulfing candlestick which engulfed the three previous bullish candles.
We can see how the big red candle on the picture closed below the low of the three previous bullish candles.
That bearish Engulf Candlestick is a signal to look for a sell position on USOIL.
In the H4 chart, we can see the fresh supply above at 56.60 zones.
This fresh supply can be a great continuation level for a sell position.
If the price retraces the fresh supply above we can sell there.
The target for this sell position will be the demand below which also a great level for buy position.
A few days ago, Iran seizes a British ship in the Strait of Hormuz.
The situation between Iran and western countries is very explosive these days.
If the relationship between Iran and western countries will keep roll down it can really lead to war.
So, although the fresh supply above and the engulfing bearish candlestick, we should be really careful while selling USOIL.
If the relationship will roll down between Iran and western countries, the USOIL price might fly up and all this technical analysis will become irrelevant.
PARALLEL CHANNEL with Horizontal Support Resistance LevelBreak and Retest of Support Resistance Line. Trade consistently using Price Action. All that is needed to Trade Forex is Horizontal Key Levels (Horizontal Support and Resistance Levels).
Trade consistently using Horizontal Support and Resistance Level with a technical chart pattern like the Pennant, Rising/Falling Wedge, and Ascending/Descending Channel.
Trade consistently using Horizontal Support and Resistance Level with a candlestick pattern like the Pin Bar and the Engulfing Bar Candlestick.
Trade consistently using Horizontal Support and Resistance Level combining a technical chart pattern with candlestick patterns.
Focus on the HIGHS and LOWS. Higher Highs and Higher Lows. Lower Highs and Lower Lows.
And focus on the Daily Close. Focus on the BREAK and RETEST of Support and Resistance on a Daily Close basis.
For confluence use diagonal support and resistance (Trend Lines), Exponential Moving Averages - Dynamic Support Resistance (EMA 10 EMA 20), and Fibonacci Retracement.
For Targets use Measured Objective, Measured Moves, and Fibonacci Extensions.
Trade the Monthly Chart, Weekly Chart, Daily Chart, H4 Chart Time Frames. Emphasis on the Daily Chart. Combining Daily and Weekly Charts Analysis for Trades on the Daily Chart will improve Trading Performance.
"Forex Journal"
AUDJPY LONG After a bullish engulfing pattern AUDJPY LONG After a bullish engulfing pattern.
The bullish engulfing bar pattern tells us that the market is no longer
under control of sellers, and buyers will take control of the market.
When a bullish engulfing candle forms in the context of an uptrend, it
indicates a continuation signal.
When a bullish engulfing candle forms at the end of a downtrend, the
reversal is much more powerful as it represents a capitulation bottom.
IDA: Enter long after bullish engulfing candleBullish engulfing candle formed on 16Jul within the upwards channel. Low MFI indicates oversold and is moving higher (bullish). Look for an entry close to the bottom of the channel for a good risk:reward. Update your entry point and stops on a per day basis.
Patron de Velas Envolvente Bajista ignoradas por Bitcoin 2019Patron Envolventes Bajistas en el Semanal de BTC
2018
Dos velas bajistas de tipo envolvente fueron detectadas durante todo el año 2018 teniendos una continuación a la baja.
2019
Tres velas bajistas han sido detectadas durante este año, las dos primeras sin continuación y seguidas de fuertes subidas, la vela de ayer Domingo 14/07/2019 cerro en engulfing. Debemos estar atentos para saber si el BTC encontro soporte.
If wedge breaks up on current 4hr candle target= 11.9kI was anticipating we would break out of the wedge slightly lower here bu considering the previous 4hr candle closed as a bullish engulfing candle we could close the current one above the wedge and maybe even break here...if no I anticipate the 9924 horizontal will be the zone we break up from. I still think its quite likely we will be retesting the 1 day 50ma again before the larger 1 day and weekly consolidation is through.
LIC Housing Fin - Showing WeaknessIt has been observed that the price action firstly formed a bearish engulfing candlestick pattern at the resistance zone indicating weakness in price action. This is also supported by bearish divergence in RSI, indicating further price action weakness. Therefore, from current levels price action may further dip down to the next support zone which can be seen at the previous gap up movement. Now expecting the price action to reach next support zone at 500 levels with SL 555
Target- 500
SL - 558
US 30 Rollover: Engulfing Bear CandleHappy 5th of July! Ominous portent in the candlesticks. Get confirmation on the close and Monday's price action- imminent throwover from ATH IMO.
Trade at your own risk; GLTA!
gbp/jpy short setup on 4h chartgbp/jpy breaks the range area and now pullback to the resistance. I think its good to enter a short trade right now.also on 4h tf we can see nice engulfing candlestick pattern.
USD/CHF Controlled by Sellers and Below Annual OpenA confluence of Fresh Supply and Fibonacci 61.8% in USD/CHF.
Two weeks ago, seen in the W1 chart, the USD/CHF weekly candle had ended as a bearish engulfing pattern. The big red candlestick shows this bearish engulfment.
This pattern was a continuation outside bar candlestick pattern. It shows how the big red candle engulfed the one before and it also shows how significant the strength and determination of the bears were with the USD/CHF price.
Referring to the 1W or 1M charts, technically, the USD/CHF is bearish. and if we would like to sit with the dominant side, then we should look for a sell position.
In the 4H chart, we can see a very reliable setup for a sell position. A confluence of fresh supply and Fibonacci 61.8% of the recent downtrend.
In addition, on the 1W chart, we have a bearish outside bar pattern, that pattern with the confluence of fresh supply and Fibonacci 61.8% gives us enough signals to look for a sell position.
