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Bearish Engulfing

XAU/USD Possible BreakdownHello friends. I saw a Strong Trendline Breakdown in Gold and Decide to share with you my opinion. I think Gold is in Overbought Area and It will record some correction in coming days. So i have some reasons for my opinion: 1-In Daily chart we can see a strong Bearish Engulfing candle (as you see in picture below) 2-in Daily chart we can see a Divergence Between RSI and Price in Overbought Area (as you see in picture below) 3-A Strong Bullish Trendline Breaks down in 1H. 4-We reach an important Resistance near the last High and psycological level of 2000. so for this reasons i think Gold experience a little correction in coming days. I think Gold will reach targets like 1900 an after that 1880. I hope you like my idea and i will be happy if you share me your opinion too. Thanks for reading my idea. Just dont forget to set a good Stoploss and enter a trade with at least 1:1 R/R.
TVC:GOLDShort
by TraderAmin-KZ
2
Ethereum Confirming the Bearish Breakdown to $168.81Last week i posted about this Potential BAMM and Bear Flag Breakdown on ETH that would take us to the 1.618 Fibonacci Extension if real and now this week it looks like we are confirming the BAMM Trigger Line as Resistance as the Hidden Bearish Divergence Continues on the MACD. We have a Bearish Engulfing on the Monthly and just recently closed the Weekly below the POC as well as triggered tthe CAI. I think this gives great reason to believe that ETH will be coming down to lose 88% of it's value meanwhile other coins like XMR, XRP, and LTC will significantly gain in ETH Value.
INDEX:ETHUSDShort
by RizeSenpai
1
USDCAD I Structure broken - next moveWelcome back! Let me know your thoughts in the comments! **USDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
9
CHFJPY to fallOn weekly timeframe, CHFJPY has reached an overbought zone (RSI), an intersection between upper channel and horizontal support. On lower timeframe, we've seen a big rejection recently, and then a correction upward : here we reach the 80~88% fib levels of the last rejection (D1), with a bearish engulfing pattern yesterday. This behavior can be a potential sell signal. If we follow correlation to compare currencies, we find more confirmation : USDJPY has reached very high levels too fast, becoming overextended, and JPY will probably start a correction soon, meanwhile USDCHF is retesting a daily resistance for the fourth time, giving bullish signals, not yet an overextended move. Goodluck, Joe.
Short
by joe-abdallah
US Dollar Reversal Signals Brew, But Will the Key Uptrend Hold?The DXY Dollar Index confirmed a breakout under a near-term rising trendline from August as prices confirmed a Bearish Engulfing candlestick pattern. This might open the door to some weakness in the near-term. But, will the dominant uptrend hold? Keep a close eye on the 50- and 100-day Simple Moving Averages (SMAs). These could reinstate the dominant upside focus. Resuming the uptrend entails clearing the 78.6% Fibonacci extension at 110.9316. That exposes the 100% level at 112.643. TVC:DXY
TVC:DXY
by QM_Dubrovsky