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Engulfing Candle

#REN : Upto 75% Profits Opportunity In The Mid Term.#Accumulation_Recommendation Pair : #REN / #BTC Technical Analysis Pattern Creation : On the daily time frame of REN and BTC pair on Binance we have seen that a creation of a bullish engulfing candle stick with a good shape of a falling wedge. It is still trying to break out from the falling wedge and can't be considered as a confirmed call unless we see a close above the resistance line of the triangle. Indications : Volume showed a very good amount of increase on the yesterday candle but is currently showing a slow and decreasing volume level on today's scenario. This might be taken as an indication for a false pump if the trading volume continues to decline further by the following days. - RSI looking good and on favor of the bulls but we still need a cross over by the MACD lines and seems to be on the way though. EMA is still above the current price at around 877 sats and need to go further downward below the price for a confirmed call. Note : For a confirmed and confident trading move we need to break the price level represented by the red circle on the chart. And Volume needs to continue to be flood in for a more bullish trend too. Even though its looks a risky trade at the moment, using a strict stop loss and risk management we can have a good profit for the mid term. Accumulation Price Area : 790 sats - 820 sats Distribution Targets Target 1 : 872 sats Target 2 : 920 sats Target 3 : 973 sats Target 4 : 1055 sats Mid Term Targets Target 5 : 1137 sats Target 6 : 1202 sats Target 7 : 1254 sats Target 8 : 1402 sats+ Stop Loss : 681 sats Capital Accumulation : 3% Risk : High @Togetherweaccumulate
RLong
by cryptotalk_et
7
forexTrdr GBPUSD BEARISH ENGULFING + HEAD SHOULDERS + DIVERGENCEMorning traders Looking at a great setup on British Pound versus US dollar with Bearish Engulfing candle pattern forming on the daily charts between Friday and Monday and drill down to the 4 hourly charts and we see a head and shoulders pattern forming. Both suggesting British pound is about to head lower versus US dollar. Additionally we have bearish divergence on RSI charts with higher high in cash price which formed the head of the head and shoulders pattern but only forming a lower low on RSI as volume supporting the price action declines. Stops set just above the head level and targeting a move back down to sub 1.21 sets up a 3 to 1 risk to reward. If you are interested in more of our trades get in touch, offering a 30 day free trial currently good luck trading this week!
Short
by forexTrdr
NASDAQ - Engulfing on 4H chart, more downsidside expected.Trade Idea Broken out of the channel formation to the downside. A mild correction has been posted from yesterday’s low, this is seen as a retest of the breakout level. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 7500, resulting in improved risk/reward. Stop: 7570 Target 1: 7160 Target 2: 7000
OANDA:NAS100USDShort
by Signal_Centre
btc closes weekly candle as a bullish engulfing candle!time to buckle up and enjoy the ride! We have currently retested the double bottom neckline and should confirm a daily higher high on the next 1 day candle...that along with the 3 day golden cross and the weekly closing as a bullish engulfing candle means there are bull signs everywhere! There still a slight possibility on this first attempt to trigger the double bottom that bearwhales could still dump us back down even all the way to 8.5k or even 7.2k on a fakeout...but as long as we achieve the higher high on the daily which I strongly believe we will....we could do a fakeout and dump here and still very easily rebound around that zone and still trigger the double bottom. I'm not relying on or waiting for a dump like that to occur but will have a little bit of fiat ready to buy a dip like that should the opportunity arise.
COINBASE:BTCUSDLong
by DrDovetail
CRUDE OIL – Multiple Inside Bar Pattern + Bearish Fakey SetupWelcome to MSCapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Indices, Commodities, CFD and Stocks Markets every day. DAILY Multiple Inside Bars + Small Pin Bar have been present since last week, A Breakout of mother candle would impact to more downside. NOTE Always take 1% risk on each trade for capital preservation. Regards: Carlos Smith. Leave us a comment or like to keep our content for free and alive. Have a great Day for everyone!
TVC:USOIL
by MSTradingCapital
AUDUSD Long (FInally) - 4hr engulfing - this is going to flyHello all - DuncanForex here with another trade idea Following USDCAD gaining traction to go short yesterday, AUD finally gained strength overnight and printed a great engulfing candle on the 4hour I have entered on the break of the high and also have buy limits set at the 50% retracement in case there is some price chopping later - it should enter me in at those better prices too thanks for looking I expect USD to be weak through the whole of august. DuncanForex.com is now live thanks for looking at my trade idea Duncan
Long
by UnknownUnicorn483829
BTC/USD WEEKLY SHORT, LONG-TERM.BTC/USD WEEKLY SHORT, LONG-TERM. The bearish engulfing is one of the most important candlesticks patterns. This candlestick pattern consists of two bodies: The first body is smaller than the second one, in other words, the the second body engulfs the previous one. This is how a bearish engulfing bar pattern looks like on your charts, this candlestick pattern gives us valuable information about bulls and bears in the market. In case of a bearish engulfing bar, this pattern tells us that sellers are in control of the market.
BITSTAMP:BTCUSDShort
by alejjuuu