Engulfing Candle

Bullish Opportunity on USDCNH Hello traders! I would like to present an exciting trading opportunity on the USDCNH currency pair, which appears to be trading bullish on the 1-hour chart. After analyzing the price action, I have identified a compelling bullish engulfing candlestick pattern, suggesting a continuation of the upward trend. Let's dive into the details of this trade plan. Trade Plan: Entry 1 (Market Execution): 7.1800 Entry 2 (Market Execution): 7.1804 Stop Loss (SL): 7.1277 Take Profit 1 (TP1): 7.2131 Take P

How to Spot and Trade the ENGULFING CANDLE Hey traders, In this post, we will discuss a classic candlestick pattern formation each trader must know - the engulfing candle. Key properties of this pattern: 🔑 Engulfing candle is a reversal pattern. 🔑 Engulfing candle can be bullish or bearish. ❗️Also, remember that this candle demonstrates the highest accuracy when it is formed on a key level (support or resistance). ⬆️Bullish Engulfing Candle usually forms after a strong bearish impulse. Weakening, the market keeps going lower forming

by VasilyTrader

Mastering Engulfing Candle Trading 📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future price movements. However, to become an expert in engulfing candle trading, one needs to learn how to identify the best ones and lever

by UnitedSignals

CADJPY BEARISH THU 6 Jul 2023 (education)The price is ranging structure in monthly and daily timeframes the price hits the upper range and reject with engulfing candles at the supply zone in daily timeframes The set up is simple. Engulfing breakout of range at the supply zone after price been ranging for a while. The risk reward ratio is 5 the stoploss level is above supply zone the target is the double bottom that cause price go went up I risk 0.10% of entire portfolio on this trade.

🚀USDCAD double bottom: bulls ready to charge📈Brace yourself for a game-changing setup on the USDCAD forex pair! 🌟 The charts are showing a compelling buy signal in the 4-hour timeframe, with price bouncing off a solid support level at 1.31400. But that's not all! The candlestick pattern has revealed a powerful bullish engulfing formation, signaling a potential trend reversal in the making. Get ready to set your sights on multiple take profit levels: first target at 1.31950, representing the 0.618 Fibonacci retracement. Then, the nec

USDCHF sell UsdChf has broken its spport which now has become Resistance and it has tested it also made a nice downwards move the confluance to enter this trade is Rally base Rally and brake and wick rejection on both side and high bear volume so we will be having this trade

EURAUD 4Hrs Trend channel +190 PIP Timeframe: 4 Hours Long Day Trading Position Initial Take Profit : 1.6183 to the channel middle point 2nd TP: 1.6238 (to the high volume node of the volume profile) SL: 1.593 (breaking the trend channel) The pair is in a bearish tunnel for more than a month, and now in the trend channel's bottom, and has a high potential to go up again during the next few days↑. ↝✔ Esteem your Analysis and seek improvements ⌁ @AbdullahTech ♾✽ June23 ↝✔ Keep an eye on the next price journey ;)

by AbdullahTech

EUR/USD Short - NY Open June 7th Setup to go short on EURUSD on NY Open, sweep of the asian range liquidity, retesting the HTF supply and rejecting with a bearish engulfing candle. Targeting the nice imbalance below for a 3.5 risk-reward ratio. FX retail sentiment is all long. Good luck traders!

Bearish engulfing candle 1W Keeping it simple. There is a bearish engulfing candle on the 1W with a clear invalidation level of 30650 This is a major resistance level including the Microstrategy average purchase and Elon Musk - Tesla 2021 sell price. It is also the yearly low of 2021. This is financial advice.

Update from AUDUSD pair.Currently running the position on AU for Short position & take profit 1 at 75%, 2nd TP at RBR zone & 3rd TP at Swing Low.

by Fear_Or_Greed

GANX Biotechnology Penny Stock Uptrending LONG GANX had been in a tight consolidation channel prior to April 12th. This is the uncommon high tight flag pattern. Once breaking out, the typical guidance is the next leg up will be at least the distance of the flagpole portion of the pattern. On April 12th, a new chief financial officer was appointed to Gain Therapeutics. ( see the link below ) This is part of the push to generate earnings while still developing a pipeline and potentially the first profitable FDA-approved product. A

by AwesomeAvani

Possible Buy Level Looking at D1 Resistance Break, I am looking for possible buy at nearest H1 Support, also the level are matching the possible D1 RBS.

Possible beginning of a new bearish leg for SPX Summary: Main bearish trend (dotted teal downtrend line) Reversal attempt in progress (purple uptrend line) 200-SMA breakout in jan-2023 Failure to continue the breakout (failed bull flag - orange lines) Arrow #3 as a good entry option for a bear trade. Possible beginning of a new bearish leg, aligned with the main trend Possibility to surpass the last low (oct-13-2022). Set target @3,330.00. Timeframe expected: 3 to 4 months. Detailed explanation: 2022 was a very

EURUSD - Wanna go up a little bit? EURUSD has been under water for a minute, but, a this point, we might want to go back up a little bit, The window is short as I think we're expecting more downward movements in the upcoming months, but for now, we might be able to get a nugget from a temporary retracement. I have been waiting for EU to get into the 1.05 level for a while and there it is, so, I'm going to enter a long, short term, contertrend short term trade/with the longer term uptrend trade These times are tricky when it c

by aemerydufoug

Upgrading Polygon PoS Chain to Boost Performance + TA Hello friend. Today im going to explain about the latest happenings in polygon layer-2 blockchain. Lets see what will happen? When the Polygon PoS chain first launched it offered a much-needed solution for Ethereum’s scaling issues. It gave users and developers alike everything they love about Ethereum but with faster throughput and lower fees. Now, with tens of thousands of decentralized apps, over 207 million unique addresses, more than 2.3 billion processed transactions, and a vanishingly-sm

by TraderAmin-KZ

EURUSD SHORT EURUSD is behaving like it going to go south for a little bit, let me explain, The price as hit a very strong resistance, the 1.10 level, and is rejecting a couple other major chart elements, I'm going to look for entries on H8 - H12 and D1 and help EURUSD get to the 1.04 - 1.05 Level first, then back to the 1.00 Level is further selling pressure The reasons are the following : 1) Price has rejected the psycholigical level of 1.10 2) Price has retested and rejected the Trendline of a massi

by aemerydufoug

Gold - Wanna Take a Breath?! Gold has been hit pretty hard by the rise of dollar since a couple of weeks. It broke the ascending trendline it was in since november violently, without retesting it, falling like a rock all the way to the 1800s. But now could be the time for a little push up. It could either be a retracement if gold wants to print a downtrend, in what case we would go up to make a Lower low or even a double top. Or it could be a continuation of the uptrend. Both are possible, but for now, I'm gonna play the u

by aemerydufoug

XAUUSD My analysis for rest of day : v2 So here is my 2nd analysis using a separate set of 2 main tools and a 3rd which is sometimes switched out with any indicator I might come across and feel the urge to give it a try but otherwise its mainly EngulfingCandle and Fluid Trades - SMC Anyone else use these indicators and if you have/are, what settings and assets do you find works best for you?

AAVEUSDT Assalamualikum friend AAVEUSDT market is moving side way and market not break resistance. But over all crypto market is bullish so it will be break their resistance. reason behind this trade is some bullish candle stick and also in a support area it's time i hope.

ATOMUST assalamu alaikum Friends the market is bullish from last 15 days and follow the dow theory and create higher high bullish trent and here market create also some bullish candle stick like engulfing candle. and stop loss is previous low

LTCUSDT market create a some bullish candle stick like bullish engulfing

AU D Bullish Continuation Idea 1/22/23 Price closed with a bullish engulfing candle on Friday. Looking for price to continue bullish after market open. Daily has come back and retested previous highs. Price may gap down at market open before continuing to go higher to take out previous highs. (MarkUps1)

USDCHF Bearish Pressure at area of value I always like to look between the Daily & 12 hour for key levels and enter in on the 4HR / 8Hr /12Hr timeframes for signals.

by JosephKennedy

EURUSD - Trade Idea 15 min engulfing, volume profile indicates large order blocks above and below price. I think with the bullish engulfing we will rise through Tokyo session and drop down to the Point of Control (POC Line - Yellow) during the NY session