Get started

Engulfing Candle

BTC- Accumulation modeThis week is nothing but reverse bart patterns and scam wicks! I guess this is the result of decreased liquidity caused by the slowly declining volume during the consolidation phase. Bitmex is trading below 2 billion volume as of now, yet open interest is on the slow ascending trend. This tells me the accumulation is taking place possibly by big fishes. In addition, volatility is slowly ticking up as well. Other signs to pay attention to- CME open interest and volume going up + Backwardation + USDT premium going up As we all now, low volume is a precursor to the high volatility move... As long as 8.4k is defended, I will continue my buy on the dip mode!
BITFINEX:BTCUSDLong
by Libratus
{SWC}——KRONO, Bullish Engulfing!Thank you for your continued support :) Strategy: Price-Volume Analysis Bias: Bullish. KRONO has made a successful triangle breakout with volume today, after well supported on the uptrend line and short term MA line. SWC's private group members were informed over the weekend that KRONO is reaching MA support zone and should take note! KRONO has formed bullish engulfing candlestick pattern too. SWC expects there will be more momentum generated following the breakout, where positive movement should be seen at near term. S: 0.880, 0.865 R: 0.935, 0.950 If you found this idea helpful, do not be hesitant to leave us a like or comment! :)
MYX:KRONOLong
by ShareWorldConsulting
EURJPY SHORT TRADE, BEARISH REVERSAL? 600 PIPS POTENTIAL!! Happy Monday everyone!! After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us. Monthly Time Frame - Downtrend line potential 3rd touch - Support breakout 128.803 currently on pullback - Bearish Engulfing candle: Resistance at 123.318, Support at 120.008 - Sell signal identified Weekly Time Frame - Downtrend line potential 3rd touch (similar to monthly time frame) - Support breakout 121.674 current on pullback -Bearish Engulfing candle: Resistance at 123.357, Support at 121.259 - Sell signal identified Daily Time Frame - Support breakout 122.506 - currently price had already touch this support and move, creating engulfing bearish candle, this where i found my sell confirmation. *ENTRY POINT EXPLANATION* H4 Time Frame - Lower low structure formed, 122.821 as high and 122.075 as our new lower low, breaking 122.212 as last week support. - Double top formation formed at 122.821 as resistance, WAIT FOR PULLBACK to neckline 122.633, than we can good to sell If this really monthly reversal movement than we might catch 600 pips more at last support 116.470 Thank you for looking at my analysis, this is my point of view on EUR YEN, whats yours? please let me know on the comment and i hope we can be friends ^^
Short
by TinyFX
EURAUD SHORT TRADE: 130 PIPS POTENTIAL (SWING TRADE) SETUP CONFLUENCE Monthly Time Frame - Support breakout, Pullback and possibility for bearish continuation Sell Signal Weekly Time Frame - Support breakout 1.61597, pullback and possibility for bearish continuation - Bearish engulfing candlestick formed, range = 1.63132 - 1.60322 Sell Signal *SELL SETUP EXPLANATION* Daily Time Frame After looking at monthly and weekly time frame I conclude that price are on the way for bearish continuation. But the question is, where we might put our sell entry point?? inside weekly time frame bearish engulfing zone, we identified that at daily time frame, support has been formed and breakout. so this is where my confirmation for this sell setup. H4 Time Frame This is the part where i look for my entry point. you can see that support breakout formed and inside those there was engulfing candle at price range: 1.61751 - 1.61274 i will put my sell entry point in that zone, still confuse ?? if yes than put your sell entry point at 50% level in the engulf zone. 1.61508 Keep it simple guys!! ^^ This is my thought on EUR / AUD for this trading weeky, what's inside your mind? please let me know in the comment. Thankyouuu!! :D
by TinyFX
Trade Ideas Educator: AUDCAD BatThis bearish bat setup is 1 of my favourite for this week and that's because on the daily chart Point X to Point A is the move that breaks a few small support level. Although if the market break lower and close lower it will be even better, this is something I can't complain about. This trade may enable me to have a trade extension on a trend following setup. A break and close below point A will ensure that to happen. Let's see how this trade goes. Well if you are searching for help and a community, have a look at the links on my signature, hope to see you soon in our TIP community.
Short
by RaynLim
GBPJPY 15M SCALPING US SESSION INSIDE CANDLE BREAKOUT STRATEGYINSIDE CANDLE STRATEGY What is an Inside Candle 1. Previous candle engulfs next candle. 2. 2nd candle high is lower that 1st engulfing candle. 3. 2nd candle low is higher than 1st engulfing candle. INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside Candle – Opposite Color 3. Enter Break of Engulfing Larger Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains breakouts and consolidation then this method is for you. This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look. On a daily chart it may take weeks for a consolidation pattern to form. An Inside candle represents a pause, consolidation or compression in the market after a big move. Often you will also see reduced volume on the inside candle. Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend. Enter a break of the larger engulfing candle in the direction of the break. Enter with a Stop Order a few pips above or below breakout level. Which trades you take is a matter of preference. Some like reversal trades or trend following trades. Scalping inside candle pattern doesn't matter what direction you may go. Trend following you will want to see this in context of a larger trend. Take all the trade setups and just shut down the ones that don't preform. Trade Management: Enter 2 trades Stop Loss is 1.5 x ATR for both trades First Take Profit is 1 x ATR for 1st trade 2nd trade there is no take profit. When 1st TP is hit move 2nd trades SL to breakeven. Let profit run on 2nd trade by following/trailing SL. If a candle closes back inside the larger engulfing candle close down trade. Watch for a setup for the next breakout.
Education
by Tradingstrategyguides
BTCUSD - Bullish patterns forming. Potential bottom?Even while bitcoin has been consistently dropping from one support level to the next, there are some bullish price action patterns that have been forming over the past week. Firstly, price is sitting on a critical support trend line on the log chart that goes all the way back to early 2015. Off of this key support level two large bullish engulfing bars have formed. We will need to see price push higher from these patterns and hold above the important $7,700 resistance to have any hope that a bottom is in. This market has a lot to prove but these bullish patterns are a good start.
BITSTAMP:BTCUSDLong
by krugman87
BTC Core Macro Continues Downward SlideExcited by the reaction off of that 6.4k touch, much of the crypto community has grown horns, and become bullish again. I understand it. I even hope(d) it was a nice strong reversal beginning. The Weekly tells a much more grim story. A) Chikou has been rejected by the cloud. B) Chikou has now traveled below price, as well as below T&K C) In late Oct we formed an Engulfing candle. So far we've only resolved it to the downside (arrow) Holding that yellow block is important for Bulls to keep their "Reversal" hopes alive. The "Never below 6k again" crowd will get their answer if/when we test that block. D) Look left......That Looooong.....Straight Cloud......Think it'll get a reaction? ::wink:: Bulls need to regain 7.3-7.5 to keep their hopes alive, imo. LHs LLs continue to be the reality. Perhaps we play an Edge-To-Edge on that Cloud, and tap 4.5k or so before making HL's and HH's ::wink::
COINBASE:BTCUSDShort
by mrjones2020
EURUSD 1H INSIDE CANDLE METHOD BREAKOUTINSIDE CANDLE STRATEGY What is an Inside Candle 1. Previous candle engulfs next candle. 2. 2nd candle high is lower that 1st candle. 3. 2nd candle low is higher than 1st candle. INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside Candle – Opposite Color 3. Enter Break of Engulfing Larger Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains breakouts and consolidation then this method is for you. This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look. On a daily chart it may take weeks for a consolidation pattern to form. Inside candle represents a pause, consolidation or compression in the market after a big move. Often you will also see reduced volume on the inside candle. Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend. Enter a break of the larger engulfing candle in the direction of the break. Enter with a Stop Order a few pips above or below breakout level. Which trades you take is a matter of preference. Some like reversal trades or trend following trades. Scalping in doesn't matter what direction you may go. Trend following you will want to see this in context of a larger trend. Take all the trade setups and just shut down the ones that don't preform. Trade Management: Enter 2 trades Stop Loss is 1.5 x ATR for both trades First Take Profit is 1 x ATR for 1st trade 2nd trade there is no take profit. When 1st TP is hit move 2nd trades SL to breakeven. Let profit run on 2nd trade by following/trailing SL. If a candle closes back inside the larger engulfing candle close down trade. Watch for a setup for the next breakout.
Education
by Tradingstrategyguides
100 point drop ahead?GMAB We are here again, fifth time we hit the upper band of the paralell ascending trend channel, the prior 4 times it made a spinning top and bearish engulfing before heading down. That's pretty much what we can see again, spinning top followed by bearish engulfing. GMAB, recently broke out of the big overhead resistance from the former triple top, which was formed in 2017. It would be likely that GMAB takes a breather after 8 weeks of green and a bit overextended. It could take a small dive and revisit 1485 and enjoy the view from the former top and bounce back from there.
OMXCOP:GMABShort
by UnknownUnicorn2034381