Bear Flag Sell Continuation #Forex Bear flag forming on this.. Sell after completion of continuation pattern
Bearflags
CADJPY, 4hr timeframe, bearish divergence in descending channelHello my friends,
I found something interesing in CADJPY pair just now. It looks like this pair forming a small bear flag inside a descending channel on 4hr timeframe.
Previously i took a buy position on this pair but i closed it on entry as it is going sideways for some time and no power in going up.
Price already broken below the channel with a solid candle in the last 4hr candle close. We could expect price to continue going down from this point as there is another zone which acted as resistance. Noticed there is also 50-EMA at this zone so we could say this is an area of confluences.
Sell CADJPY 80.05
Stop loss 80.45
Take profit 1 @79.55
Take profit 2 @79.05
Risk only 1-2% of your equity
Use proper risk management
Good luck
AUDCAD short set up 🦐AUDCAD after the break or the uptrending channel has moved down til the 4h resistance structure.
Market retraced back till the 0.5 fib and now break the minor bear flag.
Currently the market bounce again on the structure and now looking for a possible break.
IF the market will break 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.
EURUSD - ShortShort term sell for the creation of larger continuation on the daily to head higher. 3 touch ascending and we retraced at the 3rd touch, if we get the continuation bear flag then i will be entering short targeting the bottom this correction
EURPLN a short opportunity 🦐After our profit on this pair we look now for a new opportunity.
Market hit on the daily support and already tested it few times.
Yesterday market tried to break the structure without succes and price got rejected inside the bear flag .
Finally seem that price lost support and we can look for 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.
RCL 1D BEAR FLAGBear Flags are a Ranges pattern which are a 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.
RTY1 1D BEAR FLAGBear Flags are Ranges that are repeatable trading chart patterns.
Bear Flags are a chart patterns that 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.
What ever 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.
KIWI - NZD/USD - Looking clean...!Kiwi, it's been tricky to trade for sure! Let's see what we can get out of Kiwi....!
Technical aspect:
- A break to either direction -
- Could be put as a bear flag
- Channel going up until broken to down side then could confirm to be a - Bear flag - Remember Confirmation is key!
Bulls are in control as long as it's above: 0.66580
Bears come into control as long it's below: 0.66350
A break to either direction is great - remember fundamentals - Unemployment figures and NFP out of US.
Key Tip - Don't get emotional towards your trades!
Remember: Just an idea, not a recommendation!
Bear Flag on RVN.Hello, traders.
RVN is forming a Bearish Accumulation pattern called as a Bear flag.
A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag.
The bear flag pattern comes after a strong move downwards. The stronger the move, the bigger the profit potential is.
After we identify the market trend and the characteristics of a good bearish flag pattern we need to wait for confirmation that the trend is about to resume.
There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of bigger profits.
Best regards.
Sando and Gustavo.
EURSEK attempt to break support 🦐The market on the daily chart is inside a descending channel and recently created a bear flag that retrace from the previous move till the 0.618 fib level.
Currently the price tested the 4h structure and made few attempt to break it.
If the market will manage to break and close below it we can set a nice short order according with our 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.
AUDJPY - I've got a plan...!AUDJPY - It's another opportunity!
AUDJPY Technical Aspects:
- Pattern - Bear Flag Formation
- Trend-line Down
- Trend-line Up (First one - went passed it - if the candle on 4hr closes bearish we see a bearish momentum to continue...To where? To the second trend-line up.
- Out of the range it is below bearish momentum next support areas - 74.40 areas.
For reassurance - Check the candle closes.
Remember: Just an idea, not a recommendation.
Enjoy...!!
30% pullback looking likelyWe seem to be breaking out of a bearflag here target at 21 dollars near the bottom of the trading range.
L&TFH - ShortL&TFH will fall sharply in coming days... Targets on chart...
#Rising wedge on daily chart
CHF/JPY AnalysisHello Traders, here's an analysis of this pair. Red is sell zone, yellow is take profit, and blue is buy zone. Great risk to reward set up!
Give this chart a like and comment if you'd like to see more ideas here on TradingView.
Don't forget to hit the follow button to be notified of future published ideas.
Fake out on the Ascending Triangle to the downside?It appears as though Canopy may have pulled a fake out to the downside on an ascending triangle I have outlined in dark blue.
In my previous post I mentioned how the RSI has seen bullish support when approaching the green arrows pointing side ways to the right, where I had a question mark in my previous post is now a green arrow coinciding with the others.
Possibly a bullish flag outlined in green, the downward sloping resistance keeps getting breached to the upside negating a descending triangle / bear flag.
USDMXN short signal 🦐 After a retracement till the 0.5 fib level the market turn again down creating a bearish flag.
If the market will manage to break the fist structure and consequently break the flag we can set a nice short order according with our strategy.
Bear in mind that friday can be a tricky day.
–––––
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.
USDJPY - Shortimpulsed down from 3 touch ascending, bear flag continuation to head lower. filtered o the 15M set order on the break of the mini ascending within the flag, just got triggered in so i'm live in this position. no no BS here lets see how it plays out
GOLD - SHORTbroke the daily double top then price retraced instead of heading for the outer structure, currently creating a bear flag to head lower looking for the 3rd touch of the flag before entering short. if we trickle to the 3rd touch of the flag then risk entry and if this trade commits ill be looking to hod it long term at leas t to the low of the pattern
DXY - Possible move lower - Wave 3 yet to completeGood evening traders,
The DXY could be set for another leg lower to complete wave 3 on the greater degree before a larger retracement higher to form wave 4.
The DXY is trading between a bear flag formation and has created an a-b-c corrective structure.
A break below the bear flag will attract sellers into the market.
Please share any related ideas,
All thoughts and comments are welcome
S&P 500 E-MINI FUTURES BEAR FLAG SHORT TRADEBear Flags are a Range pattern which is a 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.
GPB/JPY - Short into 132.64Here we have a clear Head & Shoulders pattern at a Key Area. Price has broke out of the neckline and has now formed a Bear Flag. We have rejected further upside with another Head & Shoulders pattern visible on the LTF's. I now have enough confluences to take this short into 132.64 which is a key area where price previously broke out of in the form of a Large Bull Flag. 1:1.88 RR.
Rsi convergence VS inverse cup and handle and flagOk guys as you can see and know that I talked about a correction a lot ! you can guess what I want to say!.
Every wave has a lot of waves inside!
Lets check it.
We have rsi convergence(bullish sign) which is really strong ! and we know that we were in descending for a while and it will do a pullback(Thats not hard to know) so with this one we will hit 9500 area once again.
As you can see we are in a bear flag now, which is inside another bear flag! and also btc is forming an inverse cup and handle ...
So I recommend that to long sides ... Dont enter your trade for 10k now ...
And shorts ... guys dont fomo, it went to distribution again and it will mark up for a while ... but mark down is possible and it will happen so take a deep breath, rest for a day, you will see that indicators are showing down trend again soon.
Targets will be:
Below 9300 => 9000, 8800, 8600
Above 9500 => 9700, 9800(Because of ma's cross and ichimoko cloud) 9500 is our resistance now.
As always ... always follow your thoughts ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
