NZDUSD SHORT: Bearish ReversalNZDUSD is about to make a Reversal, with a Bearish Wave expected.
I am expecting an Impulse Wave in Minor C (orng).
My Kiwi Technicals:
* Elliott Wave Reversal
* Leading Diagonal in Minor C (orng), of Intermediate (W) (orng)
* Upcoming Bearish Divergence
* 61.8% Fibonacci Retracement
* 127.2% Fibonacci Extension
* Harmonic Pattern: Bearish Shark
* Supply Zone
NZDUSD SELL Signal:
* Entry @ 0.6400
* SL @ 0.6630
* TP1 @ 0.6135
* TP2 @ 0.5900
* TP3 @ 0.5730
* Safety Measure: when in the green, moving SL to BE.
* SELL Stops on the way down, after pull-backs.
Many pips ahead!
Richard, the Wave Jedi.
Bearishdivergence
AUDUSD SHORT: Sell-Off In ImpulseAUDUSD is showing considerable weakness signs.
The structure on the up-side since mid-December is Corrective.
A sell-off in a big degree is expected.
I am anticipating Intermediate (C) (red).
My Aussie technicals:
* Ending Diagonal in Intermediate (C) (white)
* Elliott Wave Reversal Pattern
* Upcoming Bearish Divergence
* Running Flat in Minor B (white)
* Double Top Pattern
* Supply Zone
* 161.8% Fibonacci Extension
AUDRUSD SELL Signal:
* Entry @ 0.69250
* SL @ 0.7100
* TP1 @ 0.6620
* TP2 @ 0.6455
* TP3 @ 0.6325
* Safety Measure: when in the green, moving SL to BE.
* SELL Stops on the way down, after pull-backs.
Many pips ahead!
Richard, the Wave Jedi.
FCFS: Bearish Bat Double Top With Bearish DivergenceWe have MACD Bearish DIvergence at the PCZ of a Bearish Bat on the Monthly with a very promising Double Top. On a side note this company is likely to face serious issues in not being able to cover it's debts as the economy tightens and willingness to pay premiums at secondhand retail decreases.
$XAU: Bearish for Gold UpcomingXAUUSD (fka Gold) has approached the Daily Supply Zone once again after multiple failed attempts to break. This time might be difference……not in a good way.
Let’s dive in:
Gold has been on an upswing from the Demand Zone in early November
The uptrend has slowed once hitting the Supply Zone nearing the ever popular $1800 price point.
Bearish Divergence has entered the picture with RSI downward while price action has shown upward movement.
There has not been a massive rejection yet from the Supply Zone.
My thoughts are at the least XAUUSD will be rejected again with a nice leg down from Supply heading to the 200 EMA (blue line), below $1800 and MAY bounce. But with current economic macro conditions uncertain, the bounce is a 50/50 shot. Price point area around $1775 is a decent landing spot where Resistance and Support have interchanged and placed my Take Profit before that to be safe.
Not financial advice. Hotep & Build (Wealth)
EURJPY Short Term Sell IdeaD1 - Price is bouncing lower from a key resistance zone.
Bearish divergence.
Most recent uptrend line breakout.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
Dax - Looking To Sell Pullbacks In the Short TermH4 - Price respected a key resistance zone and bounced lower.
Bearish divergence.
Lower lows.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
AUDCAD - Looking To Sell Pullbacks In The Short TermD1 - Continuing bearish divergence.
Currently it looks like a correction is happening.
Price still has room lower towards the key support zone.
H4 - Bearish convergence.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks towards the key support zone.
Bitcoin: 3 Falling Peaks In Harmonic RangeBTC is trading within a Harmonic Range today and while the Bearish Shark did perform well last night, ultimately price has come back up and created a Bearish Bat at the VAH while showing Bearish Divergence on Volatility. As the 89SMA approaches i'd want to see BTC come down towards and break the confirmation line to begin a move down to $16,500-$15,000 to complete the bearish wave down and start fresh on the new week.
Bearish ABCD and Retest of the Daily Open on MaticMatic has a Bearish ABCD at the Daily Open and is showing a Bearish Divergence on the Volatility Indicators, it may be setting up for a BAMM to the 78 Cent Area.
FOMC Economic Projections Effect on GoldOANDA:XAUUSD
**Repost from Dec 14th 2022 since the original post disappeared**
Hello all TradingView speculators,
In my opinion, I think there was an overreaction from the market's participation on the CPI numbers that was announced to be lower than expected. In addition to this, some technical indicators are showing us some signals to be careful on the buy side from bearish divergence signal between the price and RSI on 4H timeframe. This indication does not mean that the trend will reverse immediately but it indicates that the current trend has chances of stopping and turn into either sideway or downtrend in short term.
Based on the current price level, Risk to Reward Ratio seems to be in favor of the bears. However, I would wait to see the price action in 1H timeframe tries to test 1815 first and if it fails then I believe that follow sell position after this price action fails to go above 1815 and if price makes a lower low below 1804 can be a worthy trade
BTCUSD Bearish Projection For The Remainder of the WeekWe have this Confirmed Bullish 3 Line Strike on the 4HR at the level of the macro 786 retrace from low to high, we don't have Bearish Divergence but it does lead me to think we get a midterm pullback back to the 16k Level likley within the week before looking to continue higher:
GOING SHORT IN XAGUSD BY TRADING STRATEGYBearish Indications
1. Trend is Mature Enough
2. Bearish Engulfing
3. Retest Resistance Level
4. Bearish ABCD Pattern
5. Bearish Divergence
Bullish Indications
1. Dow Theory Higher Highs and Lows
2. If it breaks the resistance it will continue its rally
3. According to seasonal data silver remains bullish in December
Bearish Crab on USOIL: Bearish Continuation Expected This WeekWe have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below.
I will be waiting for the stock market to actually open before taking the trade if it's still within the Pattern Completion Zone by then.
AUDCAD: Bearish Divergence at Last Week's HighThis is a pair I'v been looking to short again for awhile now due to the trend and now i'v got some Bearish Divergence to justify entering and the nice extra bonus from the news of the US Trade Deficit Increasing. I think this will stir up more demand for the CAD against alot of other Currencies but more particularly against the AUD.
This may also put downwards pressure on the price of US Oil but thats for an entirely different trade.