justinholtgrave

justinholtgrave Updated 

AUDCHF has formed a significant bearish engulfing on the daily time frame at a very strong support level. A very strong upper Bollinger Band outbreak indicates that the uptrend was over-extended. Clear RSI divergence indicates that the uptrend became very weak and is due for a reversal to the downside. I have entered at the open of the 9/22 daily candlestick after...

justinholtgrave Updated 

NZDUSD has formed a 100 score bearish engulfing short setup on the daily time frame. After forming a head & shoulders pattern, price shot up above the right shoulder, breaking strongly out of the upper Bollinger Band, and was quickly rejected forming a bearish engulfing. A strong previous downtrend, a bearish engulfing on the daily and monthly time frames, and a...

justinholtgrave Updated 

USDJPY has formed a significant bullish engulfing with a very strong Bollinger Band outbreak, at a strong support level after making what appears to be a fake break below the support level. Price gaped up strongly, then formed a significant bullish engulfing candle. I normally only trade significant engulfing candles in the direction of the current trend, however,...

justinholtgrave Updated 

NZDUSD has formed a valid Head & Shoulders pattern on the daily time frame after failing to close above the middle Bollinger Band (20 SMA). The right head is slightly lower which is a sign of additional selling pressure. A significant bearish engulfing recently closed on the monthly time frame. Price closed firmly through the middle Bollinger Band on the weekly...

justinholtgrave Updated 

EURCAD has formed a significant bearish engulfing on the daily, weekly and recently the monthly time-frame. I will post the weekly and monthly point of views in the comments below. It appears that a lower high has formed, seen clearly on the weekly and daily time-frames. This is a clear sign that the trend is bearish. SL set above weekly engulfing high, TP set at...

justinholtgrave Updated 

USDCHF has formed a significant bullish engulfing candlestick after bouncing off a previous support level. A significant bullish engulfing on the weekly timeframe also recently closed. SL set below previous lows, TP set at previous highs.

justinholtgrave

AUDUSD has formed a significant bullish engulfing on the daily time-frame. There is a very strong previous uptrend, a very strong Bollinger Band outbreak, and a significant bullish engulfing to confirm this setup. SL set below previous lows. I will wait to see how price reacts at the resistance level. There is also a bullish engulfing currently forming on the...

justinholtgrave Updated 

USDJPY has formed a bullish engulfing on 8/14 after the near doji candlestick formed on 8/11 that broke strongly out of the lower Bollinger Band. I have entered at the open of the market on 8/15 after the close of the bullish engulfing. The 8/15 strong bullish confirmation candlestick confirms this setup. SL set below previous lows, TP set slightly below previous...

justinholtgrave Updated 

XAUUSD has formed a bullish engulfing on the daily time-frame. SL set below engulfing lows, TP set at previous highs.

justinholtgrave Updated 

GBPNZD has formed a bearish engulfing candle on the daily time-frame. RSI divergence shows the price is ready to move down quickly. Slight Bollinger Band outbreak. Price appears to still be in consolidation on the daily time-frame, however, after looking at the weekly time-frame this trade setup is further confirmed. A significant bearish engulfing candle formed...

justinholtgrave Updated 

USDCAD has formed a 100 score significant bullish engulfing trade setup on the weekly time-frame. There are many confirmations to this trade setup including; a very strong Bollinger Band outbreak, a significant bullish engulfing, price broke clearly through the middle Bollinger Band on the daily time-frame, a very, very strong previous uptrend, RSI is over-sold, 5...

justinholtgrave Updated 

XAGUSD (Silver) has formed a bearish engulfing on the weekly, daily, and is currently forming one on the monthly time-frame. I will post the daily and monthly point of views in the comments below. The big spike down last month confirms this setup and the target price. Stop loss is set above the highs of the previous week. I would consider this a 100 score trade...

justinholtgrave Updated 

EURAUD has formed a significant bearish engulfing continuation pattern the week of 7/10/17. Price made new lows the week of 7/17/17. 3 bullish candles before the significant bearish engulfing also confirm this setup. It appears that the pullback of the bearish engulfing is now completed as there is a bearish engulfing on the daily time-frame which I will also...

justinholtgrave Updated 

GBPAUD has formed a small bearish engulfing on the daily time-frame. Price is failing to close above the middle Bollinger Band (20SMA) indicating that the down-trend is still valid and very strong. A significant bearish engulfing closed on the 4H time-frame confirming this trade setup. I will post an image of my 4h chart below. I believe that due to the strong...

justinholtgrave

EURJPY has recently formed a bullish engulfing candlestick breaking through a very significant resistance level, also seen as a flag, or an ascending triangle, or trend-line break-out. Price broke through this significant resistance level which has been tested and now re-tested a total of 11 times in the past month. Price has also pulled back perfectly, re-testing...

justinholtgrave Updated 

AUDCAD has formed a bearish engulfing candlestick after consecutively making lower highs and lower lows. A valid down-trending support line bounce further confirms this short setup. SL set above previous highs, TP set at previous lows.

justinholtgrave Updated 

CHFJPY has formed a significant bearish engulfing on the weekly timeframe. Strong Bollinger Band outbreak also confirms this setup. SL set above previous highs, TP at the strong support level as marked.

justinholtgrave Updated 

AUDNZD has formed a very strong bearish engulfing trade setup on the daily timeframe. A downtrending support line, a very strong Bollinger Band outbreak, and a significant engulfing candlestick confirm this setup. SL set above previous highs, TP set at previous lows.