In next few days we expecting decline of pair at least with 300 pips. Analysis is based on 65% technical and 35% fundmental. In next hours probably will see bearish engulfing to 105.70 area.
Please see annotated chart for details.
Sell FX:EURUSD Price reaced 1.618 ext of up ABCD Swing / .236 Retracement of Down AB Swing Bearish Engulfing CS formation Resistance (pink line) StochRSI over sold
Short eur/gbp , take profit on the first bullish bar or keep till hit TP. This is my first post here so im still learning how to do it. Cheers ..... Made a mistake , put the red and green area slightly later on the chart. The trade start from the first bearish bar.
Sell Setup CADJPY 4H Bearish Engulfing
If Pattern completes and all my confluence ads up i will go short on the Gartley Pattern lets see what the market gives us.
A very powerful bearish engulfing candle formed today on EUR/USD. There seems to be an overall bearish sentiment forming on all Euro pairs. This signal looks nice forming below resistance at (1.4400) and being significantly more powerful then any of the consolidation we have seen over the past week or so. Looking for a tight 1:2 RR if possible, but playing this...
A great bearish engulfing candle formed on a nice retest of a long term bullish trend line after breaking through back on 03/17/16. Intraday charts showing bullish pressure being broken down and the bears completely taking over. Easy 1:1 RR to the recent lows and from there price could dip all the way to 106.00 for closer to 5:1 NFP coming up can stir up some...
Strong Beairsh engulfing candle breaking past 4hr chart phase line on AUD/JPY. Add to that this happening on both strong resistance and long term bearish trend line, it's a match made in heaven. - Bearish Engulfing Candle 4hr - Rebound of long term bearish trendline - On strong resistance at 86.500 - Lots of room for good RR
Not the cleanest, but still a convincing naked set up on AUD/USD. Nothing is better then price reacting to the intersection of key support/resistance and a long term trend line. My favorite set ups! - Price stalled out at key resistance of (0.76000) - Bearish engulfing candle 1D - Double top Pattern (4hr) - Bouncing off long term bearish trend line - Aligned with trend
Weekly - Bearish engulfing - Cross and close below 200EMA - Break and close of rising weekly channel (18 week uptrend) - RSI bounce from overbought territory
Found a good setup on 4-hourly chart with multiple confluence. Fibonacci Level 61.8%(the golden ratio) is great to use with a solid Price Action setup. I will be looking to short here with protective stop just above the 76.4% and target zone will be position around -61.8% (which is somewhere around 0.65500) Happy Trading & Enjoy the Good Weekend.
A Bearish Engulfing candlestick pattern has formed on the Weekly EUR/USD chart. I just posted a Dark Cloud Cover candlestick pattern the other day. EUR/USD seems to want to trade sideways right now, after moving down after the FED raised rates. Happy Trading!! Happy Holidays!
Short set up on USD/CHF by taking cue from: - bearish engulfing bar - resistance at ~1.0080 - Stochastic and RSI bearish divergence entry - below low of bearish engulfing bar stop loss - above high of bearish engulfing bar target - previous support level
1. EUR/USD EUR/USD rebuffed the ~1.1430 resistance area, the fourth time this year, and the 200 ema closing on Friday as a bearish engulfing bar. A ranging pattern between 1.1430 and 1.0820 is quite apparent. Although it can be argued that signs of an up trend are noticeable since July 2015, a retest of price at the previous low at 1.1080 or trend line in the...