USD/CHF Bearish Tri Breakout - 5 Signs of a Strong Bearish BreakOANDA:USDCHF Bears have started the week off hot with Price having dropped 1.16% at the time of publication since Market Open. This price decline has seen a Breakout and fresh low after price has been caught in a Bearish Triangle Pattern, formed by Lower Highs into a Support Level.
1) Price has been trading well Below the 200 EMA.
2) After Price makes contact of the 34 EMA Band while attempting a Breakout of the Falling Resistance of the Triangle, it is sent back down into pattern.
3) After the rejection at the Falling Resistance, we see an influx of Volume enter the Markets, ultimately leaning Bearish.
4) All the Price Action while in Pattern has happened while the RSI has been Below 50, adding Bearish Pressure.
5) Price has made a strong Bearish Candle Break so far of the Support Level of the Triangle and the currently Low of Price @ .80684 has given us a new Lower Low, breaking the Support Level Low @ .80983, suggesting Bears have taken the Support Level and will turn it Resistance.
** With all Indications combined, I believe we are looking at a True Bearish Breakout of the Triangle and will be looking for a Break & Retest Set-Up!
--> Once Price Confirms the Break and Closes, We should expect a Retest of the Break of Support between ( .80983 - .81141 ) to deliver potential Short Opportunities!
Now, Fundamentals:
Price Action lately has heavily been influenced by a couple factors:
- Federal Reserves current dilemma with deciding to not cut Interest Rates in the assumption that the Tariffs will Rise Inflation while the CPI y/y on April 10th printed a -.4% drop from 2.8% to 2.4% which could create complications later if Interest Rates are not cut soon enough.
(If Global Trade slows, that alone will Inflate prices, Tariffs (once applied) will affect as well)
- ECB has made the decision to cut Interest Rates 25 bps from 2.65% to 2.4%. This alone in-time will start the act of slowing the economy so the euro doesn't inflate too much and, in theory, will make the Euro seem less attractive for foreign investment.
This could leave investors to lean towards one of the worlds most "Safe-haven" currencies, the Swiss Franc with the Franc currently hitting a 10-Year High!
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Bearish Patterns
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 141.600 zone, USDJPY is trading in downtrend and currently is in a correction phase in which it is approaching the trend at 141.600 support and resistance area.
Trade safe, Joe.
NZDJPY - Following the Bears...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈From a long-term perspective, NZDJPY has been overall bearish trading within the falling wedge pattern in red.
Moreover, the orange zone is a strong supply.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and supply.
📚 As per my trading style:
As #NZDJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,458.82
Target Level: 3,187.96
Stop Loss: 3,639.42
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
EUR/CHF BEARS ARE STRONG HERE|SHORT
EUR/CHF SIGNAL
Trade Direction: short
Entry Level: 0.932
Target Level: 0.920
Stop Loss: 0.940
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.569 area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
SILVER SENDS CLEAR BEARISH SIGNALS|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 32.821
Target Level: 31.594
Stop Loss: 33.634
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 5h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
EUR/GBP BEARS ARE GAINING STRENGTH|SHORT
EUR/GBP SIGNAL
Trade Direction: short
Entry Level: 0.860
Target Level: 0.843
Stop Loss: 0.872
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CHF SHORT FROM RESISTANCE
GBP/CHF SIGNAL
Trade Direction: short
Entry Level: 1.140
Target Level: 1.128
Stop Loss: 1.148
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
EURUSD - Macro ViewHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈From a macro perspective, EURUSD has been bearish trading within the falling red channel.
Medium-term, EURUSD has been in a correction phase trading within the rising channel in orange.
Moreover, the green zone is a massive monthly resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red and orange trendlines and resistance.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Tron Potential DownsidesBINANCE:TRXUSDT
Hey Traders, in today's trading session we are monitoring Tron for a selling opportunity around 0.25 zone, Tron is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.25 support and resistance area.
Trade safe, Joe.
atom sell midterm "🌟 Welcome to Golden Candle! 🌟
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Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
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I'm Bullish, but... CHR / USDTEvening fellas,
My latest posts are bullish, and I did long some coins during the blood we had a couple of days ago.
But one must always be ready and I am seeing something interesting in a couple of coins, showing me that there's a hidden bearish scenario behind all the hype.
CHR is one of those coins, it's got good news, hype, etc, but I think MM'rs want to destroy some lives.
Keep an eye on it.
Trade thirsty, my friends!
Litecoin Breakout and Potential RetraceBINANCE:LTCUSDT : Hey Traders,
In today's session, we're keeping a close eye on LTC/USDT as it approaches the $77 area, a key support-turned-resistance zone.
Litecoin recently broke below its previous uptrend, indicating a potential shift in momentum. It is now in a corrective phase, with price retracing back toward the broken trendline and horizontal resistance around $77.
This level could act as a strong rejection zone, offering a potential selling opportunity if bearish confirmation shows up.
BNB/USDT - Watching the $620 zone for Potential RejectionBINANCE:BNBUSDT is approaching a key resistance area around $620, which aligns with the daily downtrend line. This level has acted as a strong supply zone in the past, and I'm monitoring for potential bearish price action or rejection signals to consider a short setup.
A clean rejection or confirmation below this level could offer a high-probability selling opportunity, especially if volume backs the move.