GBPUSD ShortFX:GBPUSD
A break and retest on GBPUSD, which breaks bullish structure. A bearish engulfing candle as a confirmation candle to go short on GBPUSD.
Engulfing Candle
XAU/USD Possible BreakdownHello friends.
I saw a Strong Trendline Breakdown in Gold and Decide to share
with you my opinion.
I think Gold is in Overbought Area and It will record some correction
in coming days.
So i have some reasons for my opinion:
1-In Daily chart we can see a strong Bearish Engulfing candle (as you see in picture below)
2-in Daily chart we can see a Divergence Between RSI and Price in Overbought Area (as you see in picture below)
3-A Strong Bullish Trendline Breaks down in 1H.
4-We reach an important Resistance near the last High and psycological level of 2000.
so for this reasons i think Gold experience a little correction in coming days.
I think Gold will reach targets like 1900 an after that 1880.
I hope you like my idea and i will be happy if you share me your opinion too.
Thanks for reading my idea.
Just dont forget to set a good Stoploss and enter a trade with at least 1:1 R/R.
GALAUSDT Cryptocurrency BinanceCandle Stick Hammer and 2nd candle bullish engulfing indicate that the Trent is reverse
AU D Bullish Continuation Idea 1/22/23Price 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)
Wipro 4 Hourly Timeframe Wipro in 4 Hour Timeframe formed Twizzer top pattern & bearish engulfing. If next candle formed bearish then pattern will be confirmed i.e bearish engulfing and you can set 1:1 target.
USDCHF Bearish Pressure at area of valueI always like to look between the Daily & 12 hour for key levels and enter in on the 4HR / 8Hr /12Hr timeframes for signals.
EURUSD - Trade Idea15 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
Short Sell: Bearish EngulfingWe can have good option to sell above @372 with Target @360
Disclaimer - This post is only for educational purpose and do not treat it as a trading recommendation.
SCI: Bullish EngulfingBUY trigger: If it is open below or around @137 with Target @143
SELL trigger: If it is open above or around @144 with Target @138
NSE:SCI
Disclaimer - This post is only for educational purpose and do not treat it as a trading recommendation.
Stochastic + RSI + MACD zero cross strategy from backtest on SPYStrategy
1. Stochastic cross at 50 level
2. RSI cross at 50 level
3. MACD cross at 0 level
4. Engulfing Candlestick?
5. Level 2 Tape sentiment balance (Optional)
Technical Analysis
It's a simple technical analysis setup strategy for bullish or bearish trading setup in both bullish and bearish sentiment scenarios. All levels in the indicators are at standard default settings.
Step One:
Look at the Stochastic indicator cross at 50 level and a cross over the signal line. This will be the first check and we want the cross to occur at the 50 level.
Step Two:
Check the RSI and need a cross at 50 level. This is the second confirmation.
Step Three:
Check the MACD cross and it's best to wait for the cross to happen at the zero line. This has a lower instances from occurring but it helps to avoid fake-outs that MACD is prone to showing.
Step Four:
Look for an engulfing candlestick pattern in the chart for a final confirmation.
Step Five (Optional):
If you have access to Level II quotes and the Time&Sales, watch for a momentum into the Ask side for a bullish sentiment or the Bid side for a bearish sentiment. Also you'll need to be familiar with tape reading on the volume and speed for better entry or exit.
Trading Series – The ManagementMost of us will spend about 90% of our time thinking of what to buy and at what price we should get in. In fact, that is only 10% of work done.
Focus on this scenario instead - “After getting into a position, how are we going to manage it with either a calculated loss when market go against us or how should we take profits when market perform better than our expectation?
As usual we will do a few case studies on how I manage my positions for this year.
Today’s content:
1. 90% of us – Spending too much time on “Getting in”
2. Steps to manage our trades after an entry?
If you have been following, today’s is the 7th tutorial in our Trading Series:
1. “The buy strategy”
2. “The sell strategy”
3. “Developing long & short-term view”
4. “Choosing between the time frame”
5. “The entry”
6. “The exit”
7. “The management”
Example 1
Micro E-Mini Nasdaq Futures
Minimum fluctuation
0.25 point = $0.50
1 point = $2
10 points = $20
100 points = $200
1,000 points = $2,000
Example 2
E-Mini Nasdaq Futures
Minimum fluctuation
0.25 point = $5
1 point = $20
10 points = $200
100 points = $2,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Ethereum Confirming the Bearish Breakdown to $168.81Last week i posted about this Potential BAMM and Bear Flag Breakdown on ETH that would take us to the 1.618 Fibonacci Extension if real and now this week it looks like we are confirming the BAMM Trigger Line as Resistance as the Hidden Bearish Divergence Continues on the MACD. We have a Bearish Engulfing on the Monthly and just recently closed the Weekly below the POC as well as triggered tthe CAI. I think this gives great reason to believe that ETH will be coming down to lose 88% of it's value meanwhile other coins like XMR, XRP, and LTC will significantly gain in ETH Value.
"Biting Point" Signal in Every Turn for 2022Stay-tune for the video version shortly, we will do more in-depth study.
Micro E-Mini Nasdaq Futures
Minimum fluctuation
0.25 point = $0.5
1 point = $2
10 points = $20
100 points = $200
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity.
Nice SPY trade todayTook a nice SPY trade today, will be posting another video of all the other trades I took as I made about 5% profit today from my total account balance. Not too bad if you ask me.
If you wanna just see why I entered here it is:
close above 200 EMA and 50 EMA
increasing volume heading into point
Also this close was above the 5 min 14 EMA resistance and 14 EMA resistance on 15 min
previous candle on 15 min was engulfing with more volume at a key support and bounced off 50
BT cloud flip on 5 min as well
RBLBANK - Bullish Engulfing Reversal NSE: RBLBANK is closing with a strong bullish engulfing reversal candle.
Today's candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
ETCUSD Bullish Bat with MACD and VRSI Bullish Divergence We have a Bullish Engulfing at the PCZ of a Bullish Bat with Bullish Divergence on the MACD and VRSI
This is also all happening at the PCZ of a much bigger Bullish Butterfly as seen below but for now i will focus on the current Bat.
SBI Bearish Engulfing Chart pattern formed is bearish Engulfing on daily chart.
SL is 629.55
If it breaks low of 602.10 then target on daily chart would be 574.65.
GOING SHORT IN XAGUSD BY TRADING STRATEGYBearish Indications
1. Trend is Mature Enough
2. Bearish Engulfing
3. Retest Resistance Level
4. Bearish ABCD Pattern
5. Bearish Divergence
Bullish Indications
1. Dow Theory Higher Highs and Lows
2. If it breaks the resistance it will continue its rally
3. According to seasonal data silver remains bullish in December
Going LONG EURJPY By Trading StrategyBullish Indications
1. Higher Highs and Lows
2. Tweezer Bottom and Bullish Engulfing on HL
3. Break 0.5 fib support level
4. Break Upper Resistance Trendline
5. Formation of Bullish Flag
6.12 out of 16 years December remains bullish
7. Trend is not mature enough to make it a reversal
Seasonal Data for the Past 15-16 Years
Dec-06 => Green
Dec-07 => Green
Dec-08 => Green
Dec-09 => Green
Dec-10 => Red
Dec-11 => Red
Dec-12 => Green
Dec-13 => Green
Dec-14 => Red
Dec-15 => Green
Dec-16 => Green
Dec-17 => Green
Dec-18 => Red
Dec-19 => Green
Dec-20 => Green
Dec-21 => Green
THE ENGULFING CANDLE LIQUIDITY EntrySo let's learn something about engulfing candles entries. An engulfing candle is usually a momentum candle and in most cases signifies reversal and at times trend continuation. Now what you do is plot your fib on the engulfing candle from wick to wick and mark the 40-50% retracement area which becomes a potential supply liquidity zone to sell from a bearish engulfing and a demand liquidity zone to buy from a bullish engulfing. In short 90%+ of the time price will retrace back to these zones before continuing and can thus provide clean and safe entries with reduced drawdown, lower risk and a good risk to return. Try it
