Get started

Bearflags

GBPJPY a bear flag? 🦐GBPJPY on the daily chart bounce over the weekly ascending trendline. The price on the 4h chart retraced back up until the 0.5 fib level in a minor channel. IF the price will break and close below the structure at 133.900 we can look for a nice short position according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
18
EURGBP on the break of the bear flag 🦐EURGBP created a bear flag and after testing the structure around 0.92100 has broken below till the support area at 0.91500. Price is currently retesting the lower trendline of the channel. IF the market will break and close below the support structure we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
13
EURGBP a bear flag break 🦐EURGBP on the 4h chart couldnt make new highs. Market created the spike over the minor resistance structure and turn for the break of the flag formation. IF the market will break and close below the structure we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger
Short
by InkyGrip
10
GBPCHF - Trade idea for shorter term GBP weaknessDue to Brexit drama, GBP has given us great technical and fundamental trade ideas. Fundamentally, EU & UK - As normal aren't agreeing on much and we are cutting it fine on timing as the date of 15th October approaches near... Boris had announced perhaps a no deal Brexit wouldn't be as bad...Questionable thought it is...! But they could do a deal last minute, never know! Important Fundamentals for today - ECB meeting on refinancing Rates, Policy statement and lastly the press conference. Technical terms of GBP/CHF : Pattern: Broke out of larger triangle formation but within that we have a bearish flag formed. I'd like to see a pull back 1.19450 area - RED dotted line - if goes above the green I'd re-think this trade plan and that's why the pull back is key I want to see what the reaction is - questioning my approach - are the bears fully in control? As well as that the support and resistance areas combined with Fib retracement with length of the bear flag measured it would take us towards the support areas of: 1.16600 Be aware of the boxes drawn in purple areas, we've been within these ranges for a while, we could approach 1.17250 and continue the trend towards the upside, be aware of of the range! And if we do go above those levels, we could even form inverse H&S - head and shoulders...I will revisit this trade idea in few weeks time for further updates. Keep an eye on the 50 EMA. This is a shorter term trade approach and a counter trend trade. Remember: Just a trade idea, not a recommendation. Have a great day ahead, Trade Journal
by Trade_Journal
NZDCHF in a bear flag? 🦐NZDCHF on the 4h chart retraced back till the 0.618 fib level of the previous bearish move. The market created a bear flag inside a minor channel. IF the price will break and close below the support structure and consequently break the channel, we can set a nice short order according to Plancton's strategy. ------ Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
4
EURNZD a short outlook? 🦐EURNZD after hitting the 1.82 area started a retracement move. Price hit the recent lows in the zone of 1.75 and got pushed back up, creating a bear flag over a 4h support. IF the price will manage to break below the structure and consequently break the flag we can set a nice short order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
8
BTC/USD: Bitcoin's Bear Flag PatternIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. Analysis - Bitcoin has dropped a whopping 18% from local high regions - Below the 0.236 Fibonacci retracement resistance, it is currently distributing once again - 10.5k was important support for bulls to secure, and has now turned to a zone of resistance - While prices are temporarily forming higher lows and higher highs, it is forming a bearish flag pattern - As we have been rejected by the resistance several times, it's more probable that a breakdown takes place - Should Bitcoin break down from the current ascending parallel channel, it would fill the major CME Futures gap at 9.6k - The Moving Average Convergence Divergence (MACD) also demonstrates potentiality of a death cross, with diminishing bullish histograms - This demonstrates that there is a lack of bullish momentum to drive prices through resistance Conclusion It's important to realize that current levels are not optimal for opening new short or long positions. We are looking at a short term bearish trend, within a long term bullish trend. Given the current situation, it is suggested that: a) traders look for opportunities to capitalize on altcoins b) dollar cost average spot Bitcoin for the mid-long term Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
BITSTAMP:BTCUSD
by Michael_Wang_Official
3
Bear Flag: PRIMARK Share Price Could Slip -18%The holding company for Primark which is known as "Associated British Foods" chart currently shows a classic bear flag formation, with a perfect straight top which is acting as a strong resistance, and an upwards trending bottom support line which mainly seems to be driven by traders looking for small profits within this trading range. There is no real drive to the upside since investors are all taking profits. If the share price does go to the downside when it breaks out of this triangle pattern, then there is little support for the price on the way down, giving investors a possible opportunity to short sell Primark shares. This is not investment advice. I am not a qualified investor. This is just my personal opinion and trading analysis which I share for your possible benefit. Always set stop losses to protect yourself from unacceptable risk, and never invest more than you can afford to lose.
LSE:ABFShort
by James_Winsoar
DXY - Bulls or Bears?DXY - Technical Aspects: I feel we are approaching key area now, at this current time..Why? - We are near a trend-line down, if we go above the next trend-line area would be the next resistance areas. - Looking at bulls and bear scenario - Bears - could be bear flag formed measuring - 1.618 area down areas of support (That's if it breaks out of range drawn with purple boxes) - Bullish scenario, double bottom (Yellow) Measured takes us to 0.618 area which is a near resistance area, although keep in mind the 50 EMA (Again, keep in mind the range we are in) If we have further bullish momentum and extends over the trend-line down we could go towards next resistance areas which is nice Fib area of 0.382 = Near 200 EMA. Key areas I am looking at how it reacts if we get to 94-94.50 areas. Key things to keep in mind - We have no direction for now we are still within this range until its broken and retested then we have a clear direction of THE momentum it is heading towards. Whilst looking at DXY, other pairs that look like great opportunity - Loonie, Swiss majors and Gold - We are an interesting area! Remember: Just a trade idea, not a recommendation. All the best, Trade Journal
TVC:DXY
by Trade_Journal
GOOGL 1D BEAR FLAGBear Flags are Ranges that are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (short trade). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:GOOGLShort
by Tradingstrategyguides
2
MCD 1D BEAR FLAG SHORT TRADEBear Flags are Ranges that are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (short trade). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:MCDShort
by Tradingstrategyguides
BAC 1D BEAR FLAGBear Flags are Ranges which are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:BACShort
by Tradingstrategyguides
BITCOIN BEARISH - 10,500 coming??Hey there, Please support this idea with your likes and follow me here on TV if you don't want to miss out! Bitcoin recently broke bearish after creating a fake out scenario, wicking to 12,400. We now got a retest of a major support trendline in bear flag formation. Too many still want to buy this dip, which concerns me quite a bit. For now the target is between 10,700 and 10000, but if 10,000 is really reached, then I think this will only be very breafly and will create a huge bullish wick and a doji candlestick. For now I am short Bitcoin and Ethereum. Cheers, Konrad
BITMEX:BTCUSD.PShort
by EnlightenedTrading