Hindustan Unilever - Weekly Chart Analysis Timeframe - Weekly
Pattern - Bearish engulfing
SL - 2734
1:1 target :- 2350
Also MACD negative divergence are there.
Rsi also in downtrend.
Bearish Engulfing
CHFJPY to fallOn weekly timeframe, CHFJPY has reached an overbought zone (RSI), an intersection between upper channel and horizontal support.
On lower timeframe, we've seen a big rejection recently, and then a correction upward : here we reach the 80~88% fib levels of the last rejection (D1), with a bearish engulfing pattern yesterday. This behavior can be a potential sell signal.
If we follow correlation to compare currencies, we find more confirmation : USDJPY has reached very high levels too fast, becoming overextended, and JPY will probably start a correction soon, meanwhile USDCHF is retesting a daily resistance for the fourth time, giving bullish signals, not yet an overextended move.
Goodluck,
Joe.
Never ever have been before and here we go againTSTW.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
NQ1! upd. Sep., 2022 TWTS.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
US Dollar Reversal Signals Brew, But Will the Key Uptrend Hold?The DXY Dollar Index confirmed a breakout under a near-term rising trendline from August as prices confirmed a Bearish Engulfing candlestick pattern.
This might open the door to some weakness in the near-term. But, will the dominant uptrend hold?
Keep a close eye on the 50- and 100-day Simple Moving Averages (SMAs). These could reinstate the dominant upside focus.
Resuming the uptrend entails clearing the 78.6% Fibonacci extension at 110.9316. That exposes the 100% level at 112.643.
TVC:DXY
US30 SHORTOANDA:US30USD
US30 has broken its bullish structure. A retest formed and the bearish engulfing candle
which has formed is confirmation for entry. Target is the weekly key support level
I highlighted on the weekly timeframe.
AUDUSD shortOANDA:AUDUSD
A break and retest of key support turned resistance on AUDUSD.
Bearish Engulfing candle is confirmation to go short
GBPUSD ShortOANDA:GBPUSD
GBPUSD Broke out of a strong support level aggressively without any retest.
My anticipation for next week is for GBPUSD to retrace to a key level of
resistance of the 1H and form a new lower high, a bearish engulfing
pattern will be confirmation to go short
CHFJPY SHORT OVER VIEWWe are looking at a 78.6% Retracement and a D1 Bearish Engulfing Candle formation. Target 135.000.
NAS100 ShortOANDA:NAS100USD
Nasdaq has broken it bullish move. The head and shoulder pattern was an indication of trend changing to bearish and the pattern proved to be bearish. Currently awaiting on a retest at key support turned into resistance. A bearish engulfing pattern will be a confirmation to go short on Nasdaq.
GBPJPY shortOANDA:GBPJPY
GBPJPY broke bullish structure, I am currently anticipating a retest at support turned into resistance to go bearish on GBPJPY
GBPUSD ShortGBPUSD is in a bearish trend, looking to go short at key resistance level potentially retracing at 61.8% and a bearish engulfing candle as confirmation to enter
GBPJPY shortOANDA:GBPJPY
GBPJPY broke bullish structure on the 4H timeframe and made a retest with a bearish engulfing candle as a confirmation to enter
BTC/USD: bearish engulfing patternBitcoin forming a bearish engulfing pattern in H4 timeframe in the good zone to short into this chartist pattern (bearish channel perspective)
Trade Info:
1) Entry: $24,050 USD (sell order limit)
2) Stop Loss: $25, 230 USD
3) Take Profit: $21,000 USD
4) Risk/Benefit: 1:2
I hope that this analysis support you to short Bitcoin
NZDUSD Bearish Engulfing 4HUsually take entries from 1 H chart although this setup was clearer to me on the 4H with the engulfing pattern at key resistance. Used a 50% limit order entry to get a better chance at 2:1 and above risk reward. FX:NZDUSD
EURO/GBP: 3 Line Strike on the WeeklyWe have a confirmed Bullish 3 Line Strike on the Weekly as seen below as well as an Unconfirmed Bearish Engulfing on the Monthly i believe the Confirmed Weekly Bearish Pattern has given us a Potential Entry to try to catch the Monthly BAMM Move a bit early and if it plays out we will see the bottom of the overall range again which is near the .886 retrace.
AUDUSD SHORTOANDA:AUDUSD
AUDUSD broke out of the key level of support,made a retest at 38.2%, made a bearish engulfing candle These confluences give a good bearish setup
CADJPY (-1.24%)Expect price to decrease for CADJPY currency. Price closed below the trend line and retested trend line with a bearish engulfing candlestick.
D1 BEARISH ENGULFINGNot actually looking to trade this but just an idea/call out so to speak this is where I would look to go short here and would place a sell limit, also taking into consideration the fundamentals at play with BOE and Yen too. But we'll see. again this isn't a trade i am taking just calling out something i am seeing and working on maybe taking these set ups one day but i need more reps in tbh
GBPCAD under selling pressure!Hello guys,
Based on the chart, the main trend is bearish and there is a strong bearish candle which shows the strong rejection of price from a resistance area.
So based on this scenario, opening sell positions at this area would be a good choice.
Note: This post will be update base on market reaction.
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Good luck!
GBPUSD ShortOANDA:GBPUSD
GBPUSD broke out of a counter trend and also broke a key level of support,
waiting for a possible retest to go short on GBPUSD
Potential Bearish Shark EntryWe have a MACD bearish crossing up here after testing the PCZ a few times and getting rejected.
AUDUSD shortOANDA:AUDUSD
Expecting a bearish movement on AUDUSD with price breaking structure on the 1H. On the DAILY and WEEKLY timeframes a long wick(shooting star candlestick) formed on a major/key level of resistance. Price also broke support and is making a retest
