Engulfing Candle
TWTR - Big CandleTrading off the big candle. TWTR looking super strong. Trade above, trade above, HL's and HH's. Stop = $37.75 Target 20% In @ $40.16 with 0.2% capital at risk.
Bias: TWTR's mgmt does not seem to make the same blunders as both FB and Youtube.
USDJPY Harmonic combination and the 4hr engulfing comfirmationHere we got a bullish cypher pattern right after the bearish butterfly trade
There is a bullish 4hr engulfing now, I'll be looking for the pullback long!
Let's see how it goes!
Bearish engulfing candleBTC has a choppy market, it makes me a little bit skeptic when i am looking at candle stick patterns. but on the other hand it can be used in higher time frames, i think at least!
so in the weekly time frame it seems we have a bearish engulfing candle it does not fully engulf the previous bullish candle but it covers it pretty good. with that in mind; considering upward wicks and also unstopped recent months of bullishness we can say that it is a bearish engulfing candle.
also we have broken the daily upward support on RSI and it really worked well on my previous analysis. on the other hand we have a bearish divergence on the daily time frame on rsi and also on 4 hourly rsi.
if you are in a spot market i think that is wise to sell btc to usd and if you are on leverage account i think you should wait to things look very bearish and then short on a nice price based on situation.
TSLA - ShortShort on TSLA today. Breaking support levels!
"Tesla’s earnings were a ‘debacle,’ says longtime bull in scorching commentary" -MarketWatch
MarketWatchApril 25, 2019
Double top and bearish engulfing pattern and price in overboughtA good shorting opportunity
bearish engulfing pattern formed after wipro announced it's result
i have also checked the delivery percentage which was less.
if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate
also price is in overbought region as per RSI indicator.
and lastly it looks like a double top has been formed after a uptrend in price which could mean that trend is about to reverse
Buy XAUUSD (1H)in 1H chart :
Support Zone at 1285
Oversold in RSI indicator
Divergence in RSI indicator
Engulfing candle stick pattern
> Buy
Entry : 1286.5
-Stop : 1283.8 (27 pips)
-TP1- : 1289.5 (30 pips)
-TP2- : 1295.0 (85 pips)
Buy EURUSD (Daily Candle)in Daily chart :
Bullish Engulfing candle stick pattern
> Buy
Entry : 1.1244 (50% of Monday candle)
Stop : 1.1200 (44 pips)
TP1 : 1.1350 (106 pips)
TP2 : 1.1444 (200 pips)
Sell USDCAD (Daily Candle)in Daily chart :
Bearish Engulfing candle stick pattern
> Sell
Entry : 1.3345 (50% of Monday candle)
Stop : 1.3400 (55 pips)
TP1 : 1.3200 (145 pips)
TP2 : 1.3080 (265 pips)
RIGL-SHORTTwo big red candles, double top = selling pressure to the upside, is everyone out yet that wants to be out? that is the question. Short here with 1 ATR stop and a 20% target to the down side.
USDCHF Trade IdeaThe trend is currently bullish so I am looking for buying opportunities
Using the 21 MA I spotted a bullish engulfing candle pattern just completed
Buying @ market price 1.00008 with
Sl below the candle pattern @ 0.99737 and
Tp higher up around resistance @ 1.00568
Always exercise good risk management
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Short AUDUSDWe are short AUDUSD and see a bearish engulfing pattern identified by the candlesticks with black arrows, however there could be a potential counter attack if the resistance level of 0.713 is breached. However we expect the downtrend to continue despite better than forecast Australian retail sales (0.8% actual vs 0.3% expected). This is because the RBA don't appear to be inclined to raise rates in the near term having held having held the cash rate to 1.5% on the 02.04.19. Strong US data starting with today's non farm payrolls and unemployment rate could lead to further downside for AUDUSD.
MYGN - SHORTIn at $33.29. 1 ATR stop in place. Target = 20% Bearish engulfing. Biotech sector bearish.
cadnzd bullish move.on the cadnzd pair, I see bullish potential from support zone + falling wedge pattern. Price reacted very well from support with an engulfing bar and has retested newly formed support zone. Looks like potential inverse H&S but can't be too sure on that.
Price has also reacted very well off newly support zone.
Dax (Germany Index) Short on Structure Break ??Reason to Sell
1) 11700 - 11900 = resistance area
2) Counter-trendline broken
3) Engulfing candle
NZDCHF 4H LongAscending trend line coincides with key level. 4H bullish engulf formed on strong support. Good chance for a long here. All the best!
