Get started

Bearish Patterns

EURAUD Short Bias – Bearish OB Rejection and Sell-Side EQLTargetEURAUD is currently in a clear downtrend. After sweeping sell-side liquidity at 1.60237, price retraced into a daily bearish order block (OB), which is a high-probability setup. The latest candle has closed within and below the OB, signaling further bearish momentum. Price is displaying a shift from External Range Liquidity (ERL) to Internal Range Liquidity (IRL), with sell-side liquidity and equal lows (EQL) at 1.59973 as the next target.
Short
by INSIDER_INTEL
1
Crude Oil (CL1!): Why We’re Still Expecting Lower LowsAt the end of last week, we fine-tuned our Crude Oil outlook, and we are still expecting lower lows to take out the sell-side liquidity below. Our limit order at $63.23 remains valid, even after last week’s pump, which was driven primarily by rising tensions and the ongoing war in the Middle East. Oil gained 13% over five sessions following Iran’s attack, as traders feared Israel’s response might target Iran’s oil infrastructure, potentially cutting into the country’s 1.7 million barrels per day of exports. There are also concerns that a broader war in the oil-rich Persian Gulf could threaten nearly a third of global oil output. However, the geopolitical risk premium may be fading due to Israel’s delayed response. The geopolitical risk premium has an unclear and unpredictable expiration. When that moment comes and is not supported by real, fundamental factors—such as a substantial supply shortage due to the conflict—the upward movement in oil prices will not be sustainable. The longer this takes, the more the price increase will slow and potentially reverse, which is exactly what we are starting to see in the chart. While Crude Oil respected the 61.8% Fibonacci level almost perfectly, it found stronger resistance at the POC just above that level. Given the bearish RSI divergence, we continue to expect Oil to move lower, provided the conflict in the Middle East does not escalate further.
NYMEX:CL1!Long
by freeguy_by_wmc
EURUSD: Sell RalliesThe dollar has been in a strong recovery for the past two weeks, ever since the Fed decided to cut rates by 50 basis points in mid-September. This appears to be a classic “buy the rumor, sell the news” situation, as much of the dollar weakness earlier this year was driven by speculation that the Fed would cut rates. Now that they've finally done it, we’re seeing the opposite reaction. Focusing on the EUR/USD pair, we can see a very clear and strong push to the downside, forming an impulsive pattern from the 1.12 level. In Elliott Wave terms, this structure indicates the trend direction, which on the intraday timeframes is currently down. I would expect more weakness ahead, although markets never move in a straight line, so an ABC pullback is possible. In such a case, 1.10 to 1.1040 could serve as a good resistance zone to sell into. It's also important to note that the ECB may be leaning towards more rate cuts, especially with Germany’s economic struggles. This could further pressure the euro, particularly if the Fed slows down its dovish actions, given that US inflation didn’t drop to the expected 2.3%, but instead came in at 2.4%. With US yields poised to move higher while the ECB remains dovish, I believe EUR/USD will stay under pressure.
Short
by ew-forecast