/J6 -- Bearish Trade on 15MRight now am looking for the trade shown, however if the price begins to flag up slowly I will potentially take a more aggressive 15M entry -- if this is the case I will update below
Bearish-trade
S&P - bubble has poppedDear reader, I am no expert (in fact I am a researcher in bioimaging),
but from my small experience in trading, there are obvious reasons to think that S&P500 and other market indicators are undergoing a bubble pop.
Following my previous raw analyses, I provide this detailed update.
Market exponentially increased past years, formed a Head & Shoulder (bearish) pattern, the parabola is broken, a descending triangle formed (bearish), failed to break out, we went one step below, pennant formed and broke downward again...
Another bad news is, there is no convincing support line below. next we are going down toward 2450. after that...
Like it or not this pattern is the very same pattern that we saw for Bitcoin! (which is, by the way, still going down after a 70% correction).
Some people are still hoping at this stage, for some breakout upward. But markets react according to a cycle.
It is the "complacency" (or I like to say "delusional stage") of the well known Wall Street Market Cycle chart. (google it if you don't know)
And sooner than you think it will go down very fast.
"Those who hesitate are left behind" said a famous trader called Peter (one of my mentor)
Not financial advice, just sharing my thoughts.
HUN- Upward channel breakdown short from $23.93 to $19.73 HUN is breaking down an upward channel. Moneyflow declined very sharp & it some some insider selling as well.
We think it will decline further & we would consider it as a momentum short from $23.93
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $23.93
Exit Target Criteria- 1st Target $21.23, 2nd Target $19.73
Stop Loss Criteria- $25.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
USDCAD Bearish Momentum usdcad is on bearish momentum it is slightly making some price action candles, we can look a good bearish move after breakout this intra day trend line.
AUDUSD Weekly Trade setupaudusd has been rejected from 2 years old trend line on d1 time frame, how ever we watched bearish avoidance as a pin bars on weekly time frame, so it is time to sold audusd,
AUDCAD short for a potential 450+ pip profitThere is a very nice bearish pin bar forming on strong descending resistance level on the weekly chart. 1st target is 200 pips down at the first strong resistance level, 2nd target is a further 250 pips down at the next strong area of resistance.
Could potentially be a nice swing trade over the coming weeks.
ICHIMOKU USD/CHF: WHAT TO EXPECT THIS WEEK ? Our bearish setup of last week has been confirmed (check the link to related ideas).
What are the next steps with this pair?
Check our our full analysis at www.ichimokuforex.com
USDCAD CYPHER DAILYThis looks really nice to short now, at least in the area highlighted red. My orders for short are placed just below that red area. Then on pattern completion I'm buying up, its about 900 pips away from D leg completion so yeah a long way down.
