A #long trade opportunity recently presented itself on the #poundaussie (#GBPAUD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 1.91028 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see...
With its strong foothold in the Indian banking sector and commitment to providing financial services to customers, Indian Overseas Bank presents an intriguing opportunity for swing traders. Reasons are listed below : Strong Support at 55-60 Zone : IOB has established a robust support base in the 55-60 zone, from which the price is rebounding, reflecting...
A #long trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 0.88046 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see...
Macro bullish-engulfing yearly chart. 🟢 Unstoppable Ascent (2009-2012): A solid start, Bitcoin embarks on an upward journey, laying down the foundation for what will become a digital gold rush. 🔴 Moderation in Momentum (2012-2015): The red candles suggest a period of consolidation, a breather where the bulls and bears are at a tug-of-war, testing the resilience...
Consider a compelling swing trade opportunity in Ramkrishna Forgings Limited , a leading manufacturer of automotive components in India, catering to both domestic and international markets. Testing Strong Resistance Zone : The price range of 750-770 has been tested multiple times and is currently attempting to breach it, indicating potential bullish...
Nifty opens with positive note but bulls didn’t survive into the market and loss all the day gains at the end of the day. Market falls another 152 points (around 0.69%).(nearly 774 points in last 4 trading session). Nifty has formed red body big candle on daily chart. Bearish engulfing pattern is formed on daily chart, which indicated more bearishness into...
A potential swing trade opportunity in Suzlon Energy - a leading renewable energy solutions provider in India. Reasons are listed below : Strong Support at 34-36 : Suzlon Energy has found a robust support level in the 34-36 range, indicating resilience and potential buying interest at these levels. Bullish Engulfing Candle : A bullish engulfing candlestick...
FX:USDCAD Bullish engulfing in daily timeframe,targeting 1.36144. Clear visible liquidity pool ahead.
ON shown on a 30 minute chart- has fallen behind but is a top 50 seached on the the Zack website. It recently trended down from a push to outside the Bollinger Bands showing extreme buying volaility and price action than a big fade into selling volatility and a slight compression. The TTM squeeze fired just as price fell outside the lower band. Price rose...
The provided candlestick chart shows a promising bullish engulfing pattern in the last two candlesticks. This pattern is a strong indicator of a potential reversal from the recent downtrend, signaling that buyers are stepping back into the market with vigor. Given that the stock was recently trading at its lowest point of $1.6 and has now rebounded to $2.05, this...
Bearish Engulfing and Gap down. Est. Fib# ext to 4.618 ( 920 ), retracement to 2.618 (690) Short 855 Stop 980 Target 690, 500 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Market opened on a positive note, but bulls were not able to sustain in the market and turned market negative, and made days low that is 21915. Nifty has formed big red body candle with upper and lower shadows. Bearish Engulfing candle is formed on daily chart which indicates bearish sentiments into the market. Today’s candle is halfway crossing the 9 days...
I know this a bull market but I think we will have a hard pull back soon. I don't want to be caught with my pants down so I opened another short. I'm still bullish overall but I feel better hedging my portfolio.
Market falls from nifty’s new all-time high that is 22249 level and Bulls lose its winning streak in the market. Nifty formed shaven head candle on the daily chart which indicates participants are selling from higher level. Nifty has formed Bearish Engulfing Pattern on daily chart which indicates trend reversal. We may see further weakness in market....
DAX 40: BEARISH engulfing detected. The EMA.50 and EMA.200 are still potential targets the market and overbought is this the end of recess??!! be careful !
AUDUSD appears to have confirmed the potential right shoulder of a Bullish Head and Shoulders pattern after Bullishly Engulfing with Bullish Divergence at the 0.786 Fibonacci retrace. If it plays out I think AUDUSD has potential to go all the way up to the 61.8% retrace at $0.70, from there I think the bearish trade would continue.
CADJPY in a bullish trend, therefore looking for buying opportunities. I see a inverted H and S pattern that i like, but see the engulfing candlestick patten that could potentially have the market dip a little lower than inverted entry. Theres 2 entries; the inverted or a 15 pip difference at the W and engulfing pattern. Im taking the buy trade off of the W for a...
Awaiting this idea potentially happen, I see an ABC pattern form and begin to connect the dots in hindsight... ill wait to see how this unfolds not an active trade until my confluences confirm