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Engulfing Candle

XAUUSD D1 possible H&SAlthough xauusd is negative in monthly and weekly time frame, in daily time frame i see a Head and Shoulders formation possible. The reasons listed below are what make me say gold will grow at least to 1807-1814: 1- D1 bull Engulfing Candlestick Pattern. 2- breakout of H4 down trendline. 3- H4 MacD Divergence 4- 1807 is the top of the left shoulder I expect a pullback to 1771 (the 1st support level) the next 2 days before rising in a number of days to the TP proposed. So i will order a buy limit at 1771 with a Sl below 1758 (the last Mn and W1 lows) plus H4 1 ATR points. Please search hot to use ATR indicator for SL. Feel free to comment with your own view ❤️
TVC:GOLDLong
by majexx
DEEPAK NITRITE - Bullish Engulfing at Retest - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:DEEPAKNTRLong
by TradewithAditya
GBP/USD Daily Bearish Engulfing playOn the daily today it looks like we are going to close as a bearish engulfing, of course this is a retail pattern none the less I'm looking to trade it... First of if you drag a fib from high to low we get 61.8% fib confluence around 1.33071 which is also where a naked level is, perfect location for my order to be left. In this area there is also 50 ema which is another confluence I use to trade so they all seem to be stacking up in this area. Lastly ATR will be moving at market rollover this evening which should be within my stop for a extra bit of security... My stop is beyond the high of the engulfing Tp at D1 swing below market also around -27.2% fib If price creates structure around 1.32874 ill be looking for a break and retest of this to play for the failure of the engulfing Lmk what you think of this, this is the first idea I've ever posted lol
Short
by broberts28
#PLTR - Price possibly rebouncing from key support at 20$?Hi All, my main 3 take-outs from this analysis are the following: 1- Price possibly rebouncing from a key support of 20$ (price has been moving between 27$ and 20$ since a lot f time) 2- 4H chart shws engulfing bullish pattern as also an RSI in oversld territory, which might be a god sign of possible reversal from these levels 3- There are still two gaps at 24$ and 27$ (as also at 31$) that will be needed to be filled sooner or later Not a financial advice, just personal opinion. Do your own due diligence and good luck!
PLong
by FrancescoMerlettini
WMT shortEntry price: 150-152$ Target price: 135-137$ Stop loss: 153-155$ Chart pattern: double top - the price formed the second top, thus the price reversal is very likely Candlestick pattern: bearish engulfing RSI: approaching 70 level, therefore, the price is almost overbought Conclusions: the chart pattern, candlestick pattern and RSI suggest the trend reversal in the near future. Thus, the short position is recommended with the stop loss above the resistance level. No financial advice
NYSE:WMTShort
by vf_investment