www.fxtrainingzone.com GBP/USD short trade based on the 4 hour closing of strong belt holding engulfing candle: – Very Strong 4H close below previous support at the 1.6220 zone. – Large bearish engulfing candle which shows strong momtenum to the downside. – 4H arrgessive close outside of the large box range / consolidation period we have [...]
Engulfing
Forex Training Class. We will diagram and discuss the Forex Japanese Candlestick Pattern, the Bullish Engulfing Pattern and the Bearish Engulfing Pattern, as they are found often in the Forex Market. We will go over a real life Forex chart and see a good example. Tags: vladimir ribakov scam, candlestick EA, engulfing ea, vladimir_candle_patterns, EA [...]
www.fxtrainingzone.com GBP/USD long trade based on momentum from EMA / FIB lines / candle pattern explained. Reasons for trade: – Strong Bullish engulfing candle close on the 4H, which closed below previous resistance. – Price failed to push lower on the 4H time frame, and close below 1.4560. – Price action found support off the [...]
www.fxtrainingzone.com EUR/USD long trade based on the 4 hour closing bullish engulfing candle: – 4H close found support at the 1.3920 zone. – 4H string bullish engulfing candle formation showing strong upward momentum. – 1D ranging and long opportunity comes at support. – 1H showing a higher high.
FOREX Trading Review Video 10 JUN 09 EUR/USD Bearish Engulfing Shooting Star
by admin on May 8, 2010
www.fxtrainingzone.com EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above [...]