Sentences with phrase «signals bearish momentum»
A tail on a bullish pin bar signals bullish momentum whereas a tail on a bearish pin bar signals bearish momentum.
http://www.learntotradethemarket.com/ Not exact matches
Continued bearish momentum in the US dollar ETF would likely force the 10 - week moving average to cross below the 40 - week moving average as well, which would produce another bearish trend reversal signal — and that's good news for Gold bulls.
This week, we will look to trade in - line with this bearish momentum by watching for price action sell signals at resistance after a retrace higher.
We could see price fall from this signal and the downtrend continue to test the recent lows down near 0.8650 area and possibly below if bearish momentum continues.
A quality 1 hr pin bar sell signal formed at a confluent intra-day resistance level and in the direction of the bearish momentum on the daily chart.
A test of the lows is still in the cards given the bearish short - term setup, but the bearish momentum is not strong from a long - term perspective, and the long - term buy signal is still justified.