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Engulfing Candle

Double top and bearish engulfing pattern and price in overboughtA good shorting opportunity bearish engulfing pattern formed after wipro announced it's result i have also checked the delivery percentage which was less. if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate also price is in overbought region as per RSI indicator. and lastly it looks like a double top has been formed after a uptrend in price which could mean that trend is about to reverse
NSE:WIPROShort
by aakashsawant53
Short AUDUSDWe are short AUDUSD and see a bearish engulfing pattern identified by the candlesticks with black arrows, however there could be a potential counter attack if the resistance level of 0.713 is breached. However we expect the downtrend to continue despite better than forecast Australian retail sales (0.8% actual vs 0.3% expected). This is because the RBA don't appear to be inclined to raise rates in the near term having held having held the cash rate to 1.5% on the 02.04.19. Strong US data starting with today's non farm payrolls and unemployment rate could lead to further downside for AUDUSD.
Short
by KQMarkets
EURJPY - SellHey! It has almost two perfect bearish Engulfing patterns in a row and this is pretty unusual: The last week candle managed to break and close below the 2018 low level and we can assume that the movement may continue in the further week. Wait for a pullback into the blue box area and it should be ready to make another move from there. It goes just a little bit against my other analysis - CADJPY - but both have their blue areas in different places, so watch those!! CADJPY - A bit educational post: Do not forget to support my idea post by hitting the "LIKE" button! Thank You! Have a nice day, Cheers! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by VaidoVeek
1
Week 11 Trade 2 EU ShortReasons for entry: - 88.6% fib rejection - 1.1310 Minor psychological level - PA is wicking + bearish engulfing - Price is losing moment and beginning to stagnate - 2hr Doji, possible evening star forming on the 2hr Entry Timeframe: - 1hr bearish engulfing (weak) + 2hr Doji - 1.1305 Stop Loss: @1.1319 (-14pips) Take Profit: Target 1 @1.1225 (+80pips) = Risk/Reward : 1:5.9 Target 2 @1.1200 (+105pips) = Risk/Reward : 1:7.8 Target 3 @1.1150 (+155pips) = Risk/Reward : 1:11.5 Notes : - 2nd attempt at shorting this EU trade
Short
by SyndicateFX
Looking to short Boeing $BA for a potential $40 (10%) move.After a parabolic move up, then a breather, and another 10 straight weeks of aggressive gains...I am looking to short Boeing on a pull back from the $420's down to the $380 range. Currently trading at $422. Special tips: - I cite "Irrational Exuberance" as the reason for this short, however... - Remember that "the market can remain irrational longer than you can remain solvent". - In other words, don't bet the family trust on it. A move over $440 can tear the face off of shorts one more time as it did in its last break higher.
NYSE:BAShort
by currencyprinter