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)
Engulfing Candle
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
For trade management details please join Forex Bootcamp using the Telegram link below
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!
EURJPY - SellHey!
It has almost two perfect bearish Engulfing patterns in a row and this is pretty unusual:
The last week candle managed to break and close below the 2018 low level and we can assume that the movement may continue in the further week.
Wait for a pullback into the blue box area and it should be ready to make another move from there.
It goes just a little bit against my other analysis - CADJPY - but both have their blue areas in different places, so watch those!!
CADJPY - A bit educational post:
Do not forget to support my idea post by hitting the "LIKE" button!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
