EUR/USD Short Trade Idea: Evening Star Candlestick PatternEUR/USD has formed a Bearish Gartley and Evening Star candlestick pattern on the 4-hr. chart. See chart for more info.
Evening Star
Stocks May Be Ready for a Larger PullbackEvening Star candlestick pattern and MACD Divergence warn of a larger pullback. Note: Large multi-national stocks can be negatively impacted by a very strong dollar, because it may make their products too expensive in foreign markets
Short EUR/USD off of 1-hr. chartShort EUR/USD off of 1-hr. chart. Bearish Butterfly pattern completed between 1.272XA & 1.618XA levels. Evening Star candlestick pattern (with Shooting Star as the middle candle) completed on Friday afternoon. EUR/USD has been in a sustained downtrend for awhile now. The trend will reverse at some point of course but we have to trade these Bearish patterns until there is a more significant reason to go Long the Euro.
AUDUSD 4 HOUR SHORTPrice bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on Tuesday so id advise to get in before the meeting because im confident RBA will be dovish which will weaken AUD causing AUDUSD to plummet
USD/CAD Touched H&S target and many other things!USD/CAD had touched the H&S target (1.1639) which he formed between 2010 to 2012. Also in that area we have a channel line and 0.618% fib extension AND we can see very clear 5 waves move. Time for correction or reversal? I dont know. BUT we formed last week a evening star very beatiful but we need that confirmation which is a red candle this week at close. So lets wait! Another confirmation could be RSI breaking bellow the 70 line.
$SPX rising wedge contains an Evening Star PatternThe $SPX formed an Evening star pattern when it created its rising wedge pattern. The pattern was then confirmed with a move lower the following day. The large green candle that formed after the confirmation candle was then sold off again. This is usually a signal that future rallies will be sold off. A chart pattern and a candle pattern have aligned to possibly show the official trend change.
