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Engulfingpattern

AUDUSD 15M SCALP SHORT TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Highest Bullish Candle Inside US 3 hr window. Step 2 Bearish Pin Bar 2nd candle in US window. Step 3 Enter Sell Trade when Price Engulfed the bottom of the High Bull Candle. Step 4 Market Makers Stop Hunt Bullish Wick Confirmation for Short Entry Traders. Step 5 SL above current swing high. Step 6 EXIT - Close Short Trade after Price crossed Bullish Resistance.
Education
by Tradingstrategyguides
3
EURAUD 15M SCALP LONG TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Lowest Bearish Candle Inside US 3 hr window Step 2 Bullish Pin Bar 2nd candle in US window. Step 3 Bullish Engulfing Candle Entered at Candle Close. Step 4 Market Makers Stop Hunt Bearish Pin Bar Confirmation for Long Entry Traders. Step 5 SL below Entry Candle Step 6 EXIT - Close Long Trade after RailRoad Tracks Bearish Reversal Candle Pattern with 61 pip profit.
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by Tradingstrategyguides
4
New USDCAD bottomsWhile major pairs are still consolidating, USDCAD is making new lows. Here things seem extremely clear. - we have a downward trend of D1 - we have a downward trend of H4 - we have a downward trend of H1 - break of support - engulfing candle of H4 We expect the movement to continue towards the following supports: 1.3144 1.3107 Watch for a break in the trendlines and for initial depletion signals. To support us, please like and comment. Everything else is in the signature section!
Short
by ForexTrendline
2
EURJPY 15M ASIAN SESSION BEARISH REVERSALBearish Reversal Candlestick The inverse is true with this type of formation in a bearish scenario, and the image above shows that price made the highest high before reversing and closing strongly lower off its highs. Here's what a bearish candlestick is telling us: Price made a new high, but buying pressure very quickly dried up as an increase of sellers entered the market resulting in the candle closing lower off its highs, signaling selling strength. Strategy Provided by Price Action & Income by Richard Krugel
Short
by Tradingstrategyguides
EURAUD 15M ASIAN SESSION BULLISH REVERSAL 1 of 3 Candlestick Patterns That Pinpoint Reversals. When I'm analyzing a market, there are only 3 candlestick patterns that I'm worried about. Over the last decade, they have proven to be the most accurate at confirming entries at the areas I want to trade. 1 - BULLISH REVERSAL CANDLESTICK PATTERN. The image above shows a bullish reversal candlestick, and you'll notice that it's a singular candle formation. Here's what a bullish candlestick is telling us: Price made a new low, but selling pressure very quickly dried up as an increase of buyers entered the market, resulting in the candle closing high off its lows, signaling buying strength.
Long
by Tradingstrategyguides
Bearish Engulfing Pattern | AUDUSDThe Bearish Engulfing pattern consists of two candles. First one is a small upward candle followed by large bearish candle. The bearish candle must absorbs completely the previous one formed during the uptrend. The bearish candle is not required to cover the shadows of bullish candle. Requirements for validity: 1. Market in uptrend; 2. Small bullish candle; 3. Second one is large and bearish that compleately cover the bullishcandle. Tips: These are standard trading rules. There are many more specifics about order placement that I will reveal in the next posts! 1. Do not trade by candlestick analysis only! 2. Always do combine at least two or more analysis! 3. For example: - trend analysis (always works); - support & resistance analysis; - Fibonacci. 4. Follow us for more tips and analysis! Recommendations: Confirmation in the form of a downward candle with a closing price lower than the previous one or a downward gap is recommended, to be sure that the trend is reversing!
Education
by ForexTrendline
6