Bearish Engulfing

GBPUSD Short OANDA:GBPUSD GBPUSD broke support and made a retest at 61.8% fib prz. It further made a bearish engulfing candle on the lower timeframes and the EMA and SMA crosses gave extra confirmation for a sell setup.

by The_Pip_Trader

GBPUSD Short OANDA:GBPUSD GBPUSD broke structure and made a retest on resistance along with a bearish engulfing candle

by The_Pip_Trader

Bearish signs on EUR/USD Hello everyone. Here we have the EUR/USD daily chart. The trend here is still bullish, but we have to keep in mind that the trends of higher time frames are bearish, and we also have a few bearish signs on the daily chart. First, as you can see, the price tried to climb higher, but after that we could see the W&R pattern and the downward action started. Also, the whole situation is not in favor of the EUR at all. There are many worrying factors that pose a big risk to the EUR and with that in mi

by merjemascerija

Gap Fill to take us down 36%Showing extreme amounts of bearish divergence on the daily, breaking immediate trendline and bearishly engulfing on the daily a pullback to the $326 area seems likely.

AUDUSD SHORT List of confluences: 1: Double Top/ M Pattern at high. 2: Bearish engulfing candle stick pattern 3: Key Level Breakout Risk reward for this trade is a around: 3.62:1

GPUSD Short OANDA:GBPUSD GBPUSD formed a double top, and broke structure(NECKLINE/SUPPORT) and retraced at 78.6% and has created confluence with a resistance line and a bearish engulfing candle formed creating a high probability confirmation for a sell on GBPUSD.

by The_Pip_Trader

ATOM SCALPING Atom seems to hit a strong support, while it has broken the Bearish trend line, I think the candlestick pattern( something like an imperfect bearish engulfing) form at the level of a dynamic resistance would lead the price to the support 25.67 to 25.38 USDT for the last time and after formation of a key level we could see growth to 27.49 to 27.67 resistance. also Follow line Indicator along with Hull moving average Band show some signs and signals of change in Trend, so after formation of fist

by EskandarinejadV

GOOG: Time to buy the DIP? Complete analysis (H,D and W charts).Hello traders and investors! Let’s see how GOOG is doing today! First, we see a good reaction today, in the 1h chart, as the support area between the two black lines at $ 2,667 - $ 2,651 is holding the price nicely. Right now is a good time for a bullish reaction, and GOOG could fill the last gap at $ 2,747.65. However, in order to reverse, we must see a stronger bullish structure, because the trend is still bearish. We see nothing but lower highs/lows, and the 21 ema is descending as well. T

by Nathan_The_Finance_Hydra

IBKR share reversal pattren spotted.Hello dear fellow traders ! Today i spotted a reversal bearish engulfing pattren in interactive broker stock, as we can see in chart that after a minor uptrend prices has reversed and form a candle which looks like sellers are totally in control and share can continue towards down trend and we can get 3% to 4% in profit's. Thank you.....

by Farooqcharsi420

SLP-USDT Update It seems like SLPUSDT had a false breakout and the resistance line is still intact. It is probably in a correction phase after a great run up. There is a battle going on in the circled area. A bearish engulfing pattern is present on the daily so can expect more downside action possibly to the 50DMA unless trendline is successfully broken with the retest of the line. * Not financial advice. Please do your own DD.

$SPY Bearish Engulfing on the monthly $SPY Bearish Engulfing on the monthly There you have it. January closed with one of the most reliable indicator of trend reversal - the bearish engulfing candle - on the monthly chart. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please know that. If you’re new to my trade setups p

by SPYder_QQQueen_Trading

Tech Sector Setting Up for Big Monthly Bearish Pullback We have a Bearish Engulfing on the Monthly along side with extreme amounts of RSI Bearish Divergence and soon the MACD will be crossing bearishly for the first time since 2018. In the past the monthly bearish crossing has lead to at least a 30% correction back down to the 55 Month SMA. One last thing to note is that if this Monthly Candle continues down a little further and closes below the open of October 2021, this pattern will be upgraded from just a simple Bearish Engulfing to being a Bulli

A clear short for AJ AUDJPY has been in a clear bearish trend for a while now. With that momentum in mind, we can see a nice double-top at the support on 82.466. We can also see a rejection off of the trendline and a nice bearish engulfing for price action. This trade should run 65 pips to the next support on 81.658. Good luck this week traders!

Short BTC, Death Cross Death Cross on D Bearish Engulfing on D Resistance 45K Expecting Retest 39K and break below to Target 35K >30K No Financial or Trading Advice

AAPL - Sign and Confirmation The long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done. And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.

Apple – Why the bearish engulfing not so bearish NASDAQ:AAPL Observations: After breaking the upward channel, Apple is at re-test point on upward band of the channel. (shown at B) It closed at the 76.4% Fibonacci level from the lows of Oct 2021. (Shown at A) Though the bearish engulfing is formed, the weakness can be only confirmed once upward channel is decisively broken on downside. The level is also near to 38.2% level at around 155.

by Rajesh_Ramchandani_Delta

SHORT ON GOLD - SUPPLY & DEMAND GOLD is currently at a key supply zone, marked out on the 30M timeframe. Previously, GOLD has rejected this zone with strong momentum, and we can already see strong selling pressure at this zone. We've just seen a huge bearish engulfing candle formed the 30M timeframe, creating a new lower low. I am now looking for GOLD to come up to supply once more to complete the head & shoulder pattern making that lower high which so happens to line up with the 61.8 Fibonacci level. I personally believe

GBPCAD SELL DOJI Candle for last 3 days, Price stuck at the daily resistance level. The daily candle is bearish engulfing. Signal for sell.

by redlotuscapital

WMT short Entry price: 150-152$ Target price: 135-137$ Stop loss: 153-155$ Chart pattern: double top - the price formed the second top, thus the price reversal is very likely Candlestick pattern: bearish engulfing RSI: approaching 70 level, therefore, the price is almost overbought Conclusions: the chart pattern, candlestick pattern and RSI suggest the trend reversal in the near future. Thus, the short position is recommended with the stop loss above the resistance level. No financial advice

by vf_investment

AXSUSDT | short opportunity On the 1-hour timeframe, we see the bearish divergence formation. On the 2-hour timeframe, we see a confirmed reversal pattern represented by a shooting star candle "A" with a bearish engulfing candle "B" confirmation. 4-hour timeframe, also represented by shooting star. We can expect a downward movement with a take-profit target near the "B" support area of $120, but we still need to break through the "A" support area near $140.

by Deviantor_Wayne

BTCUSD - H4/H1 - MAGICAL CLOUDS !H4 : Once again the clouds acted perfectly well on both sid e, in rejecting, respectively a downside breakout attempt around 60'000 and more recently an upside breakout around 63'600. In addition, price action on the top of the clouds, triggered a "BEARISH ENGULFING" pattern. Ongoing downtrend channel still in place and clouds area should be seen as a barometer for further development. Indeed, IMPLICATIONS a clear breakout of : 1) UPSIDE : 63'000/63'500 (former congestion top) woul

TXN short Entry price: 199-201$ Target price: 186-189$ Bollinger bands: the price approached the upper boundary RSI: bearish regular divergence, therefore, the price retracement is likely to occur Stochastic: the asset is overbought Candle pattern: bearish engulfing Conclusions: All indicators suggest trend reversal in the near future. Thus, the short position is recommended. No financial advice

by vf_investment

NZDCHF - (D) IN TREND BEARISH ENGULFING SETUP NZDCHF has formed a significant bearish engulfing on the daily time frame Entry at the 50% retracement level has been perfectly rejected 3 times. The bearish engulfing candle engulfed 5 previous candles. The daily time frame bearish engulfing candle closed Wednesday. SL set above engulfing candle high. TP set at 3X risk.

by justinholtgrave

USDJPY Idea 9/30/2021 Hello traders, this is an idea for USDJPY. Nice double top on the 4 hour time frame. Two possible scenarios. 1. Price could retest and go long to form a nice head and shoulders and then retest neckline (111.200) and go short from there. 2. Price can breakthrough 111.200 and retest 111.000 and then go short from there. If you agree, give this chart a like and follow for more Trade responsibly.

by UnknownUnicorn12584436