So the bullish engulfing didn't happen yesterday but we've got another one formed last candle on the 4hr on the original up trendline.
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DislikedHi,
Is it a possible short setup on GBPUSD?The price is bouncing at blue downtrend line and retracing at fibo convergence. Is it a valid evening star formation?but maybe we should wait for the third candle to close.
Please comment my chart...
Happy pipping..Ignored
DislikedHi,
Just want to know your opinion..is it a valid engulfing bullish candle? The price is dancing around the blue uptrend line, but never breaks it.. Is it still a valid engulfing bullish if the bullish body engulfs the previous bearish body, but the bullish candle doesnt make higher high than the bearish candle, like in the example?
Thanks for the enlightnment..Ignored
DislikedBullish engulfing completed but left entry till break of candle high because of mini 1hr trendline above price. Good job as it would have been stopped out!Ignored
DislikedHi,
I see possible setups on EURJPY and EURUSD.
On EURJPY, i'm not sure wether the trendline was broken or not. But i see a good evening star, and maybe a little slippage of trendline is acceptable. The up retracement also on a Fibo Retracement Convergence. Maybe we should wait the last candle to be closed.
On EURUSD, I think it's forming a good evening star too. The up retracement also hit Daily Pivot for another consideration. Again, maybe we need to wait the last candle to be closed.
Please comment this...
Happy pipping..Ignored
DislikedAnother great week trading FX. The markets gave ALOT of entries this week. Hope yall enjoy trading the trends, its our only friend in the markets. Posted below are two entries taken from gbpaud, these two entries went for over 1000pips each.Ignored
QuoteDislikedI read some resources about candle formation, and sometimes, they explain the formation in a little different way..that makes me confuse..which one should i take to trade with this method..right now, i'm using explanation from the link that naijafx gave above. According to that, some of the formations maybe just arent right..
DislikedThanks Dra..
Sorry, but i need to ask some questions..In your chart, at the first entry, what was the candle formation?is it tweezer bottom or bullish engulfing?If it was a tweezer bottom, do the two candles need to be a doji or candle with wick more than 60%, or is it okay with just one candle?If it was bullish engulfing, do the engulfing candle need to just engulf the previous bearish body, or need to engulf the previous bearish wick too?
About the second entry, just want to confirm..was it a morning star?
I read some resources about candle formation, and sometimes, they explain the formation in a little different way..that makes me confuse..which one should i take to trade with this method..right now, i'm using explanation from the link that naijafx gave above. According to that, some of the formations maybe just arent right..
I'll do reread this thread this weekend..Hope next week will do us great pips too..
Happy Pipping..Ignored
DislikedThanks Dra..
Sorry, but i need to ask some questions..In your chart, at the first entry, what was the candle formation?is it tweezer bottom or bullish engulfing?If it was a tweezer bottom, do the two candles need to be a doji or candle with wick more than 60%, or is it okay with just one candle?If it was bullish engulfing, do the engulfing candle need to just engulf the previous bearish body, or need to engulf the previous bearish wick too?
About the second entry, just want to confirm..was it a morning star?
I read some resources about candle formation, and sometimes, they explain the formation in a little different way..that makes me confuse..which one should i take to trade with this method..right now, i'm using explanation from the link that naijafx gave above. According to that, some of the formations maybe just arent right..
I'll do reread this thread this weekend..Hope next week will do us great pips too..
Happy Pipping..Ignored