1. Bullish Engulfing 2. Bounce on support (double support) 3. Short term bullish divergence
Canadian dollar strength most likely from the unexpected rally on oil as they are correlated with each other. bias is still bullish, we've got a nice pullback to get in with the uptrend. Will be look closely at price action i.e Hammer,bullish engulfing pattern, doji,morning star if price gets to the 0.618 fib level which is also in confluence with some structure...
Strong reversal from the recent jump, continuing on the downtrend towards $12.
IN THE TIME H4 CROSS ICHIMOKU Represents the IS a UP-TREND and candle sticks in the time h1 & h4 Represents the IS a UP-TREND
$RIGP painted a rather strong bar today, with more than 2 times the average volume. Looking back at this past month, there were 2 instances of a short bull run that yielded a $3.72 and $4.36 rise, measured from Low to High, and each represented more than 20% increase. An Entry off today's high, with Stop set at today's low, will bring 2R profits if Price can...
I am not looking to take any shorts at the moment, but if I were RDC offers a good set-up. On the weekly chart there was a very long period of consolidation followed by a convincing move down. Once price was below the 50ma and had cleared the consolidation zone the trend began to develop. There was a pullback in October/November but a bearish engulfing pattern...
See the chart for engulfing candle day trade strategy. Risk is 1 to 1 so it requires more winning trades then losing. A manual back test of the strategy looks impressive over the last couple of months.
Engulfing,Bearish Div and fail support line of short term bullish trendline. iV is good,spread is good. what else do u need ? lol
Hanging man, bearish engulfing yada yada... fail to break resistance, bearish divergence u name it this stock got it.
While other stocks have rallied this year, VFC has been in consolidation. Although this has lasted several months, the actual price range was fairly tight, sticking around the $60 mark. After breaking out in September price retested the top of the consolidation zone before continuing it's upward trend. Yesterdays bar confirmed a bullish flag and price is now...
NZDUSD had been in a steep downtrend since early July. After falling 1,130 pips, the pair began consolidating into a bear flag pattern in late September. The pair broke out of the pattern on October 23rd with a daily close well below channel support. The market quickly recovered back inside the channel, however that recovery was short lived as the pair formed a...
GBPCAD bulish engulfing & kumo breakout
Bullish engulfing candlestick EURUSD 1D
Potential move to next support level at low of engulfing candle. Price crossed the 50 SMA, good signal on the sell side, also in line with the daily trend.
Updated pattern data from previous post (Oct. 2nd) after USD/CAD moved up a little bit and formed a new D point. Also, the recent retracement has produced a Bearish Engulfing candlestick pattern on the Daily chart. This is a failed pattern but we only know this in hindsight. We are always just playing the odds. Every pattern will not work out 100% of the time. : )
The strong engulfing candle following a double top printed on a resistance level shows an intent for the market to plummet towards the next support line.