PRICE IS FOLLOWING THE TREND LINE, WHILE PUTS A BULLISH ENGULFING CANDLE AND RSI IS ABOVE 50%
price has broken trend line from the top, so I am expecting a short pullback candlestick @0.618 before rising up again, on the other hand the price retested previous resistance putting a nice bearish engulfing candlestick, so I am going with it ; )
PRICE IS FOLLOWING A DOWNTREND FOR THE 4H TIME, PRICE PUT A BEARISH ENGULFING CANDLE JUST BEFORE HITTING THE TREND SUPPORT LINE.
PRICE 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
PRICE RETOUCHED THE BLOW TREND LINE AND PUT A BEARISH ENGULFING CANDLE, RSI STILL UNDER 50% SO A POSSIBILITY FOR SHORT BEARISH TARGET IS HERE.
D1 - Bullish Butterfly @ Daily support Zone
PRICE STILL SHOWING UPTREND WHILE GIVING ME A BULLISH ENGULFING CANDLESTICK, HOPEFULLY WILL MAKE IT UP TO THE TARGET
POSSIBLE BULLISH IDEA AFTER A BULLISH ENGULFING CANDLESTICK, RSI IS ABOVE 50%, AND PRICE IS FOLLOWING THE TREND LINE FOR THE TIME BEING.
The market is back up against a major level of structure on the 4hr chart and has put a bearish engulfing candlestick while the price is still under RSI 50%
PRICE 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
PRICE PUT A LOWER LOW AND A BEARISH ENGULFING CANDLE. I'VE WAIT UNTIL THE PULLBACK BECAUSE THE RED CANDLE WAS TOO LONG , RSI STILL UNDER 50% SO I AM TAKING IT SHORT FROM HERE
Here on the AUDNZD we have a counter-trend setup. The market has been trending up for the past couple of weeks and has now run into a previous level of resistance. The market put in an engulfing candle at this previous level of resistance which shows selling pressure at this level.
Hopefully the price will rally a little more and complete the bearish shark just below the W resistance zone
Price is placed below RSI 50% and couldn't break previous structure
Price retested previous resistance putting a nice bullish engulfing candle, and since the price is moving above RSI 50% Why not to short it :)
Price put a nice bearish engulfing candle while it is still diving below RSI 50, So I am shorting it why not? : )
PRICE IS SHOWING A BEARISH ENGULFING CANDLESTICK WHILE THE PRICE IS DIVING UNDER THE 50% RSI AND UNDER THE SMA50