Breakout from falling wedge on larger time framePullback completed
Bullish engulfing pattern completed on daily
Trade to Fib Extension at -0.27
Bullish Engulfing
AUD/USD : Lets go long! - Fib retracement to .236
- Daily candle closed above resistance
- Broke trend line on 1HR Chart
- Bullish engulfing close
Bullish engulfing candle on USDCADAs you can see, today's candle is engulfind yesterday candle in a bullish manner. You can wait for the end of the day to confirm if the candle will remain bullish engulfing or like me go long and get out of the chart.
4H -EURGBP -BULLISH IDEAPRICE IS FOLLOWING THE TREND LINE, WHILE PUTS A BULLISH ENGULFING CANDLE AND RSI IS ABOVE 50%
4H - EURSEK -BULLISH IDEAPRICE PUT KING OF FLAG HERE, WITH A BULLISH ENGULFING CANDLESTICK, THE PRICE IS STILL ABOVE RSI 50%, SO I AM GOING WITH THE BULLISH IDEA
4H -USDCAD -BULLISH IDEAPRICE STILL SHOWING UPTREND WHILE GIVING ME A BULLISH ENGULFING CANDLESTICK, HOPEFULLY WILL MAKE IT UP TO THE TARGET
H1 - AUDCAD - BULLISH IDEAPOSSIBLE BULLISH IDEA AFTER A BULLISH ENGULFING CANDLESTICK, RSI IS ABOVE 50%, AND PRICE IS FOLLOWING THE TREND LINE FOR THE TIME BEING.
4H - EURGBP - BULLISH IDEAPRICE STILL SHOWING BULLISH DIRECTION FOR ME AFTER BREAKING UP THE FLAG AND CONFIRMING WITH A BULLISH CANDLE AFTER IT, THR RSI IS ABOVE 50%, SO WILL SHORT IT FROM HERE
EURCAD - BULLISH IDEAPrice put a nice bullish engulfing candlestick while the price is still enjoing its time above 50% RSI, I'm taking it short from here.
USDCHF finds range supportSwissy bears have been rejected at range support and bulls will be looking to push the pair higher in the coming sessions. Pair traded as low 9661 in early NY trade, but found willing buyers who managed to completely engulf the preceding sell off. Bulls will now be looking to take out the .9720 - 9742 interim resistance zone, with a break above there targeting range resistance above 98. Breach of the NY lows around 9660 would invalidate.
Bullish Cypher Pattern on B2GoldCould there be a reversal for B2Gold? Bullish cypher pattern with the MACD to soon crossover at an oversold level, and a bullish engulfing candlestick.
GBPNZD SHORT TERM ANALYSIS Waiting for this pair to break yellow resistance for a long trade with 1.84 area as a potential target.
DAX - Bullish Continuation Descending TriangleIt was a pain trading the DAX all of last week. Several candles indicated tactical bounces off important breakout supports around 10470 - 490, however the index failed to distance itself from key supports, decisively. Friday ended the week with a bullish engulfing pattern. Bigger picture, we are looking at a descending triangle pattern, which I expect to resolve higher, given the bullish backdrop since February.
$ZION daily coil upZION is coiled up on daily. Price bouncing off of 50 ma, into a bullish engulfing candle pattern. Expecting a move up from here.
EURAUD LONG TRADE IDEAEURAUD is in a falling wedge pattern and it looks like its getting rejected from 0.786 fibo so buying after wedge breakout seems like a good idea.
EUR USD LONGEUR USD Long
Break of the 50 EMA, bounce of the pivot point, stron bullish engulfing.
MACD crossing over the 0 line
Trade with care - upcoming brexit likely to play a strong part in the volatility on this pair
TP1 at R2 and TP2 below R3 but still requiring price to make a higher high.
0.5% on each TP
1:2 risk reward
EURJPY LONG TRADE ON DAILYHello traders
I am trying an agrressive buy inside the falling wedge with 124.50 and 128 as my take profit targets, the reasons behind my trade are on the chart.
AUDUSD Buy to .5 retracement inside consolidationBuy Now FX:AUDUSD
Price moving inside consolidation.
Bullish Engulfing Candle Stick Formation
Price @ Backside of the Down Trendline
Possible Double Bottom
Stop Loss: 0.71474 - 23.9 Pips
Take Profit: 0.71952 - 23.9 Pips
Risk Rewards: 1:1
Long USDJPY: Long-Term TL Support + Fib Cluster + EngulfingUSDJPY has formed a bullish engulfing candle on the 1HR chart, indicating possible upcoming bullish movement. The candle is supported by a strong 12-month-long trendline that price has respected 3 times previously dating back to January, 2015. At the PRZ, a bullish pinbar has formed on the daily chart. The wick falls on a series of fib levels from structure lows to structure highs, adding to the probability of support in that area. Entry is placed at the broken horizontal resistance on the 1HR chart with SL at the .886 retracement and target at the unhit monthly pivot for January, 2016. This setup yields a R/R of about 5.6.
5 Reasons to go Long USDCAD1. 61.8% Fib ( 3267-3368 )
2. 50% Fib ( 3224-3368 )
3. Rising Channel
4. Uptrend on all higher TF's
5. 1H Bullish Engulf & 4H Reversal Candles
USDCAD remains in a strong uptrend, however we are starting to see momentum slow a bit, hence the conservative targets for this trade at 1.3390
