FX:GBPUSD Overall structure based on the weekly,daily,4h and 1h is bearish. A break and retest below key support area with bearish engulfing candlestick being my entry confirmation
Hi guys! So this is a look into DISH Network (DISH) technical analysis. This analysis is done on the 1 Month timeframe, thus depicting the Macro price action of DISH. This analysis does not express the shorter term or intermediate term trend but looks to assess the Long term trend. The findings in this idea also support a buy and hold strategy for DISH. Do note...
FOREXCOM:XAUUSD is under selling pressure amid the global bull market. Earlier, the price updated the high to 2150, after which it formed a rather strong conglomerate of bearish patterns. Last trading week, the market rattled everyone's nerves. And the reason for that was the incompetence of the Fed as a structure that has a huge influence on the market. The...
Hello traders! - I want to present the engulfing candlestick pattern and will try to explain why it is important to recognize this pattern formation. - The engulfing candlestick is a crucial tool in technical analysis for traders in financial markets. It serves as a powerful indicator of potential trend reversals or continuation, providing valuable insights...
As you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay...
OANDA:NZDJPY Overall bias on NZDJPY is bearish with the daily, 4h and 1h confirming my bias. Price broke below 88.962 4h support and made a retest as 88.962 4h resistance with a bearish engulfing candlestick on the 30 min and also a break of countertrend structure on the 15 min being my confirmations to go short on NZDJPY
FX:GBPUSD Price broke below 1.26229 daily support breaking bullish structure. Price made a pullback and retested as resistance around the resistance area of interest with a bearish engulfing candlestick being my entry confirmation. Take note, today is a fundamental day thus low risk should be used to avoid big losses in case price goes against my bearish bias...
15m bearish engulfing formed on XAUUSD at 7:30 am. Entry at 7:45 am. SL placed at engulfing candle body high instead of the top of the huge wick to reduce the SL/TP.
Hello dear traders and friends. Let's take a look at the AUDJPY chart and explore the potential bullish move that could happen from around here. As observed in the 4-hour timeframe chart, the overall direction of the price is bullish , characterized by higher highs (HH) and higher lows (HL). The price respects a bullish trendline acting as support, with clear...
We expect further downside on this pair, signalled by a huge bearish engulfing candle pattern on the H1 time frame.
Hello, traders. Let's examine the EURGBP chart, where the price is currently completing a pullback to the broken short-term bearish trendline after a change in market structure towards the upside. This provides us with an opportunity to position ourselves in alignment with the higher time frame. When you review the Daily timeframe, you'll notice a bullish...
OANDA:XAUUSD increases daily volatility by more than 3% for the first time in 6 months. Friday's opening-to-close session overcomes 3.4% and $63.53. A complex yet obvious situation is taking shape. Let's get a handle on what's going on and what to expect next In the coming week, important news is published. Worth paying attention to: Core Retail Sales &...
SSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the USA, Türkiye, Canada, and Argentina. They produce over 700,000 oz of gold a year. Friday had a bullish engulfing candle I see a target price of $14.30 , where there is resistance. War news again this weekend will push oil and gold up again. Good luck traders
CME_MINI:NQZ2023 - PR High: 15329.00 - PR Low: 15313.50 - NZ Spread: 34.5 Evening Stats (As of 1:05 AM) No Significant Economic Events Wide range set from prev session - Holding inside prev session range - Weekend Gap: -0.65% (filled) - Session Gap: -0.33% (open > 15807) - Session Gap: -0.11% (open > 15939) - Session Open ATR: 246.79 - Volume: 22K - Open...
We could the return of the DOW. Price is just landing on a strong support zone. Next week we could see a big, fat green candle (engulfing) and heading higher from there. I may buy a few calls on Friday, I want to see if the support holds. BTW I pulled up a 2 weeks chart for better visualization but it reads the same in a weekly chart.
as our last idea has not gone up to the mark and we have taken a long position as we have seen a double piercing patteren or failed bullish engulfing price is forming another bullish candle
Bearish engulfing candle seen today which is not a good sign. If we get a negative confirmation candle tomorrow to end the week we will see further weakness. The support and resistances on upper and lower side are as under: Nifty Supports: 19245, 19042, 18890 and finally 18688. Nifty Resistance: 19775, 19887, 20K+.
Calling all traders! We've uncovered a glittering setup on the 1-hour timeframe for Gold that's simply too good to resist: 📌 Technical Analysis Highlights 📌 🔷 Bullish Gartley Pattern: The price action has elegantly formed a bullish Gartley pattern, and not just that, it has successfully completed it. The confirmation is a bounce precisely at point D. 🕯️ Bullish...