HOW-TO: My Trading Approach On GBPNZD With Full Trade AnalysisFX:GBPNZD I was doing an GBPNZD trade one morning and came across a formation that I knew would earn me a decent amount of points - and one that would make a great GBPNZD analysis video for the trading community.
This GBPNZD trade analysis video mainly revolves around the use of Fibonacci, Regression Lines and Bear Flag formations. But I guess the most important talking point in this video is how said formations convinced me to go short for this trade.
With that said, let me ask you a question.
Is your GBPNZD trading strategy at a point where you are able to make minute adjustments that can lead to big wins?
More importantly, do you currently have the trading knowledge to identify said formations and signals?
Anyway, watch my GBPNZD trading analysis video right to the end, and leave a message if there’s anything you want to ask.
Thank You
Kumar Kaushal
Bearish Flag
USDCHF - Head & Shoulders Pattern @ Trendline Hi Traders!
The setup of this idea is that the market is now at the weekly Trendline.
There, it formed a Head-and-Shoulders Pattern, which indicates a down-movement.
At the same time, the market is in a bearish Flag.
The Breakout of this flag could possibly serve as an Entry Trigger.
You can take profit at the next major Support, which would be the weekly TL or the Support @ around 0.91200
Here are the things again in nutshell:
Weekly Upper Trendline
Head & Shoulders Pattern
(Break of) Daily Support at around 0.92200
(Break of) Bearish Flag Pattern
If you have something to add or another point of view, do not hesitate to comment!
Thanks and successful Trading :-)!
CHFJPY Short likelyReasons for entering a short trade:
• Price is currently at a corrective state which has formed an ascending channel this could also be viewed as a bearish flag
• 90% rule of a channel
• Downward trend followed by correction so downward trend likely to continue
• At an area of strong daily resistance
$NDX more downy, maybe uppie WED with awful CPI print, &downBearflag pushing her south.
down down down.
Q is willit stick to this blue column on this down run?? I think iut mawy, then spike upo for a B-wave, then comes a C wave and further down
If $silver is staying flat until Wednesday, the NDX : SIlver ratio is ready to give way, so $NDX gotta go bye bye. THen $silver up Wednesday after CPI ythrows a spike through the heart of the $DXY
LEt's see.
EURJPY - Bearish FlagEURJPY has a Bearish Flag setup, even if this play out, this could be a weak setup as it doesn't land on the previous support level.
Nevertheless, it is a great shorting opportunity for trend traders and if you remember that's partly because of the Bearish Shark Pattern setup that I had shared on 15 March 2021 based on the Weekly chart.
If you are still in this trade at least a 290pips run which in fact if you traded it well it should be a 489pips run. This depend on your knowledge on the Shark Pattern.
ETH BEARISH PATTERN!Ethereum is looking very bearish if this pattern plays out and it is printing a bear flag.
If ETH gets rejected at the upper resistance of the bull flag, we could see a retracement of $2500 with a wick to $2250.
Rekoctober could be in play, I think 29th 0f October from history could give us some good gains if there is no "Black Swan" event. This could last until early December or late December I do not have a crystal ball.
DYOR, safe trading.
Gold - Second Bearish Flag Pattern?From the looks of it, if you were to switch to the 1 hour timeframe, you can clearly spot what appears to be a second bearish flag pattern. For anyone who is not familiar with this, it is a pattern that provides a clear indication to traders that the trend will continue to be bearish. However, please note that in order for this to work, it needs to have a flag pole. From the last breakout from the previous bearish flag till the entry, whatever the length may be, you can expect that to be the range for another breakout.
BTC ready, set, dump!BTC big bear flag. This time incomplete upstrok, 5th wave... see what happened last times it got through the purple VWAP?? and this time?? when it's prob rady to exit the brearflag?? What's going to happen then??
Bearflag
DON't believe the pumper dumper celebrities with 100k fake followers and rubbish TA. They were early adopeters adn buy and hld and speak rubbish all over the interwebs.
DYOR.
General Electric (GE) Bearish FlagsIn this technical analysis, I give you an explanation for GE's price movement. After every major market correction, GE forms a bearish flag. It is my hope that after the pandemic we see another flag. The market corrections are labeled. The percent increase/decrease is measured left to right from the arrows. If you notice in the last two flags, the price hit the top resistance line so I expect this flag to hover around the price of $96. I can't estimate how long the recovery period will take or the percent increase.
BTC - EQ in 3DBTC has found equilibrium with resistance at the four hour eight period exponential moving average (8EMA). The loss of the Fifty Period Simple Moving Average (50SMA) after the HL - HH pattern (highlighted circle) is a spot to look for resistance to the upside. The Bear Flag / Pennant confirmed to only 16.3%, failing to reach the first marker at the .214 break level.
BTC - Four Hour Bear FlagSupported by the .382 of the 64.9-28.8K retracement zone; this is the classic bear flag look. The red line is the eight period exponential moving average (8 being a fib number) and the blue line as the the 50 period simple moving average. The Bollinger Bands are based on a 20 period median with 2 standard deviations as the upper (UBB) and lower (LBB) boundaries.
EURUSD BEARISH FLAG OR BULLISH REVERSAL?Good day traders
as we have seen that EURUSD has been on a down trend for a while now. we had the liquidity below the lows taken with weak retracement and further push to the down side. we see that pattern repeating it self to fall back down to the daily DEMAND zone. so a slight retracement into 1.17520 to fill imbalance before completing the bearish flag pattern to the downside
1.17000 as target 1 and
1.16800 as target 2
good luck
Bearish Flag and Rising WedgeI see bearish flag and rising wedge. If the upper support of the ascending wedge is broken up and a 4-hour close, this possibility will be cancelled. The first target is 44.5k when breaking below the wedge and closing in 4 hours. If the wedge target is completed and the bear flag is active, the target can range from 38k to 38.5k.
Bitcoin repeating, few more hours till dup timeSo looking back at the wicks i have redrawn the bear flag on 4hr TF, and this would then give us a similar fractal of what occured on ATH, plus three touches to top trend line and three to the bottom, also shakes out any shorts with tight stop losses, a nice spot to look for a entry to a short if not already in one NFA trade safe