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Bearish Engulfing

NZD JPY Shortlooking for a second entry on NZD JPY - depending on how the the market conditions look. We have a daily indecision candle - so looking for some good movements tomorrow lining up. Fundamental tension in HK will affect the NZD and Aussie at the sametime. So we expect some possible sell - off. from a technical S&D perspective we will look at the fibonacci retrace at 50% or worst case 70.5% retrace. However this is close towards our entries. on a daily level, we hit the supply zone and saw a nice wick rejection just the previous touch . Note: our entry points will change, this is purely guidance as the market is reactive not predictive. Do you like our work? Let us know and follow us on tradingview. Thanks, Lupa Capital Partners
Short
by LupaCapital
NZDUSD: SELL SETUPNZDusd as been in a clear uptrend since the past week but looking at price reaction and rejection towards the 0.616 level, I think buys sentiment is getting exhausted as H4 timeframe shows weakness with a bearish engulfing candle. I expect price to move from where it is currently towards 0.606 level and maybe into 0.600 level. Looking at the Daily Timeframe, NZDUSD has been in a range, so it is much easier to predict price direction of where buyers and sellers would be . Every information to take this trade is quite explanatory in the chart . Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Short
by Tim298
10
POSSIBLE SHORT OPPORTUNITY Hello traders! We are looking at a possible short opportunity here as we see a bearish move that broke below a zone which is not illustrated on the chart. My apologies, however, the trendline was retested and we see a bearish candle that violated a zone. We could see a continuation following this retest. Look for confirmations for trading opportunities. There are 2 targets suggested if this idea is valid. This is an idea not a signal, sharper for educational purposes. React from the market not predictions. Trade smart don’t gamble. -Rum
Short
by PipTips
4
EURJPY - Swing Trading sell ideaEURJPY had a very strong short-term up-movement, especially due to a very weak Japanese Yen in the past 2 days. In the long term, I still believe that the market is bearish: We have the chance to trade the rejection on a very good level of resistance. Although the first reaction is promising, we have a bearish engulfing pattern, the market is coming from a very strong up-movement, so I want to wait for a second confirmation. There's a candlestick (the one where the red horizontal line starts) that shows a first attempt by sellers to push the price down, but buyers proved to be strong enough and we had a so-called pin bar. This is a second attempt and we want to see sellers closing the session below the low formed by last attempt, so I place a stop entry order below it, below the red horizontal line. Stop loss above the resistance and take profit slightly above last important long-term swing low, where I will evaluate if it is better to take the profits or keep the trade for a breakout and a new lower low.
Short
by FedericoSellitti
1
Possible Double TopHey Guys just an IDEA. So seeing a bit of a rejection at the resistance zone again, possibility of a double top happening. It broke out of two trend lines and now its retesting a zone. So lets see how the 1 hour and 4 hour candles close. On the 1 hour it kinda closed with a big shadow/bearish engulfing candle stick but went back up. Might be forming a double top on the 1 hour chart as well. If it breaks to the top we could enter a buy trade once it retests or if the price doesn't break we can see a double top on the 1 hour chart and enter possible sell trades. Lets see how it plays out. Happy trading.
by Treazure
S&P 500 Bearish Engulfing+2 Following Shooting StarA closer look at the month of February shows that we had a bearish engulfing candle + 2. A bearish engulfing candle is one where the high of the candle and low of the candle completely engulfs the previous candles high and low(shown with blue lines) and indicates a potential reversal to the downside. The +2 indicates that the bearish engulfing candle not only engulfed the previous candle, but also engulfed the two candles before the preceding candle as well. February’s low was .10c above October 2019’s low which kept this from becoming a bearish engulfing +3. While this bearish engulfing candle on its own is bearish, a trend reversal isn’t confirmed until/unless we see a price move lower on the following candle(March 2020). If March price moves and closes lower than February’s low it can be viewed as a trend reversal and end of the 10-year bull market rally. February’s bearish engulfing candle comes on the heels of a shooting star candle created in January of 2020. A shooting star candle is a bearish candlestick with a long upper wick with little or no lower wick. Shooting stars appear after an uptrend in price. The distance between the highest price of the candle(top of the upper wick) and opening price(top of the candle body) must be twice the distance of the candle’s body to be considered a shooting star; the upper wick must be twice the length of the candle body. Shooting star candles are most effective when they occur after a series of three or more consecutive rising candles, which this chart shows. We now have two bearish candles on the chart with last months shooting star and this months bearish engulfing, both of which indicate that a top in price has likely been made.
SP:SPXShort
by PrepForProfit
BTC- Go lower in order to bounce higherHello traders! Despite the 100 millions long liquidation and the drop of 10% open interest during the epic bull trap last week, the maximum selling pressure still seems far away. The only way to go up is to dip down further in order to reach for more selling liquidity. I believe we will continue to see more moderate supply runs follow by weak demand runs until strong limit sell orders and sell walls show up with the conviction. Of course, not completely ruling out the possibility of the bull flag momentum run yet. Though unlikely judging by the weak daily buy volume. Please click like and follow me if you find my analysis useful. Happy trading :) Please do your own due diligence and research. My analysis is only my opinion, not the investment advice. twitter.com
BITMEX:BTCUSD.PShort
by Libratus
1
SPY - pullback before upward move, short term ideaHi Everyone, An update on the SPY charts Bulls have been full throttle and enthusiasm has been at its peak. A quick look on the charts, after a strong uptrend, we can see a Bearish engulfing pattern that has developed on the daily chart, this could be a sign of shifting hands of powers from bulls to the bears, at least momentarily. Also RSI already near overbought zone, a good case to go short for the short term. On daily charts, next support level is 327.31 and 325.10 levels On 4hr charts, support at 327.37 and 325.09 On shorter timeframe, 30m charts, support at 327.36, 326.81 and 325.19 Trust this helps If you like what you see, share a thumbs up! Cheers
AMEX:SPYShort
by LoveForCharts
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
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