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Bearish Flag

🐻EUR/USD SHORTEUR/USD has been bearish for months now. Price broke out of recently created support on the daily chart which is around 1.118 a while ago. Price, moving in a corrective manner, has retested this previous support and has used it as a resistance as we saw strong rejections. Price has also formed a bearish continuation pattern. We should look to enter on any retracement or on the trendline breakout and retest. Targets should be set at the level marked in green. OANDA:EURUSD
Short
by WAR_ON_FOREX
XAU / USD 1948.13 - 0.83 % SHORT IDEA * CONTINUATION & PTTNSHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL THIS WEEK. * The metal has been Correcting for a couple of weeks now, seems we have entered some slowing down in momentum with the bears as we ranged in a Bear flag possibly signaling continuation. - Short term the METAL has currently Rallied with a down trend as WE broke below on the 4h chart. hitting ( LH , LL ), looking for a continuation of this trend with the bears. - Looking for SHORT entries on the METAL this week should all the rules of the formation be met, A break above of the marked structure and close CANCELS the trade should the bear flag / ascending channel come into play again could be just a delay to retest another resistance just above there. SCALLING DOWN lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
OANDA:XAUUSDShort
by PULEMokhothu
1
Bearish Flag on GBP/NZD @ D1What we see here is a classic bearish flag on the daily chart of the GBP/NZD currency pair (Great Britain pound vs. New Zealand dollar). It provides a trading setup with a bearish breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.86213). My potential stop-loss level is marked with the red line (1.93650). I will wait for the price to close significantly below the flag's lower border before opening a short trade.
Short
by AndriyMoraru
BTC Bearflag *caution*Theres a possible Bear flag formed on BTC with a historical support now turned resistance. The S/R line has been important in the past as it was the retest that kicked off the last major bull run and also caused the spring in July when we broke below it. This is a word of caution as most peoe are looking at the pennant that has formed and the FOMO might kick. I would be looking to short at the top of the bear flag. The target is around 23k and it could give us the final wash out to the 200week MA. Let me know what you think in the comments
BITSTAMP:BTCUSDShort
by Cymoongale
2
AUDUSD can continue lower? 🦐AUDUSD on the 4h chart after the recent start a retracement move until the 0.71700 area. At the beginning of the downtrend, I can see an attempt of the price to break the resistance level at the 0.73600 over the 0.618 Fibonacci level, with the following bear pressure coming in that pushes lower the price with a consequent break of the bear flag and the daily ascending trendline. How can we approach this scenario? Now the market is close by a minor support and after a large. number of red candle i can expect some retracement to the upside brofre a break below. We will wait for the European market open and check if the price will break below the support area , in that case i ll check for a possible short entry according to the Plancton's academy rules. ––––– Follow the Shrimp Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. 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 the Plancton0618 strategy will trigger
Short
by InkyGrip
Bitcoin BTC Clear Bear Flag If BTC trades out of this one in a bullish way, I will personally be astonished. No big update from me until after Fed Meetings tomorrow and Wednesday. This is a market for Big Fish only, currently. If you have minimum experience, consider taking risk off the table. Only invest what you are willing to lose. If you feel stressed, you are over-exposed. Wait for more clear trend. Future is anything but certain at the moment. This is the most muddied the waters have been for quite a long time. Much more uncertain times than the May 2021 drawdown. Back then we still had a decent economy, no FED interference, and no War. Now is totally different. I will link my previous analysis right here, where I go very in-depth. If that interests you, consider checking it out. At the bottom of that chart, I linked 3 other posts, that are arguably my best and most informative posts to date. Hope those help!
Short
by NoOneWhoIsSomeone
RSRUSDT is creating a bear flagThe price got rejections from the dynamic daily resistance of the descending channel. on the daily timeframe, the price had a false breakout from the 0.13$ and got a rejection from the 4h structure. On the 4h Timeframe, the price created a bear flag and after the breakout, the market retested the previous support as new resistance. Now the price is creating a minor bullflag. How to approach? We are monitoring the price, if the price is going to lose the 0.11 and confirm the breakout, the next valid support is the daily one on 0.997$ According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
8
EU/US Good Bearish Flag 1.09440Hello Friends I hope you are fine. We can see here the price movement has entered the stage of flattening. The price has moved up, making up a little, but if we notice, the buying volume started to decrease and we had a sign selling movement at the level of 1.09400. The decline until the support levels that are shown in the drawing, so I think that we are at the price level required to complete the descending path until the weekly level 1.076 Thank you
Short
by UnknownUnicorn35856926
BTCUSDT - MASSIVE BEAR FLAG!!!#BTCUSDT is forming a massive Bearish Flag on multiple time frames. Not expecting this to play out in short term but is possible midterm play unless FED moves aggressively with the rate hike(s). It is a possibility with economic indicators such as employment numbers coming in good. We should also note that FED chair Powell had spoke highly of P. Volcker in his last appearance. Additionally, there are rumors of Russian oligarchs moving into cryptos to circumvent sanctions due to Ukraine-Russia war. If that is true, there could be a sell off in cryptos (esp. BTC & ETH) to punish these oligarchs. If and when it plays out, can expect BTC to be below 20K. * Not a financial advice. Please do your own DD. Thank you for your support. #BTC #ETH #chartanalysis #bearflag
COINBASE:BTCUSDShort
by BlokBox
6
COIN Showing a bearflag into earningsCOIN reports earnings tongith (2/24). Coin has seen a lot of weakness amid crypto regulation news and general market sell offs. It has recently fallen out of a bear flag pattern, it is under all of the moving averages, CB-RSI shows downward momentum, and MACD is crossing under bearish. All of these are makings for further downside. I am not interested in playing the actual earnings call, but rather the move after. The areas of value for me are the 160 support and the 220 resistance (top and bottom of the bear flag). If we gap under 160 after earnings, I plan to short a retest of the level. Should we creep into the 160 level, I will short a bounce off of 160. The first downside target looks to be high 90s. Should the stock gap up above 190 after earnings, I would like to see it rally to the top of the bear flag.
NASDAQ:COINShort
by Decam9