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Bearish Flag

US500 3541.1 - 0.32 % SHORT IDEA * CORRECTION AND PRICE ACTIONHey everyone A look at the S&P 500 that is currently trading is a bear flag looking for a break below of the structure, the index rallied up with the bull and was bound to correct this move to complete that big gartley pattern so previous swing lows will be our targets and guided by the fibonacci levels a break above of structure will change the whole trading plan. As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET THE WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
UShort
by PULEMokhothu
USDCAD 1.30135 - 0.32 % SHORT * CONTINUATION PATTNSHEY EVERYONE Here's a look at the DOLLAR / CAD that is currently trading in a bear flag on the 4H chart will be looking forwad to the continuation of this move as it is still premature to trade against that sharp fall, will be looking for a break below of the flag strucutre or a push up then continuation with the bears. a lot will go into executing the trade so follow your rules. for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
GBPUSD, 4hr tf, sell on conlfuence of resistanceHello my friends, I hoped you all are doing well with your trading. I myself am having a bad week as some positions hit stop loss. This week alone i got 4 positions hit stop loss and got 8% loss banked. Each trade was using 2% risk so in total it was 8%. Well thats not a problem because everybody will have a bad week or months in trading. Nothing to be a shamed of. For today i am gonna trade lightly and i already got some positions in mind which looks very interesting. First is GBPUSD pair. As you can see, price still moving inside the ascending channel which could be a potential bearish flag in the future. Price currently moving into an area of confluences which is the meeting point of ascending channel and horizontal weekly resitance. In my opinion, we could see sellers step in to hold this area and a rotation to the lower side is likely to happen. Sell GBPUSD 1.3265 Stop loss 1.3300 Take profit 1.3160 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
Euro/ U.S. Dollar: We hope a bought at these Fibonacci level!!! In Daily, Euro it's still steay and we could to reach in short-term the $1.20 USD Euro in H4 timeframe was broke up the resistance Daily mark in yellow and then, we could see a continuation o their trend, but beware we would to prove any confirmation on bought around of $1.1864 USD, that could be a good price entry for long position in EUR/USD. Another factor is that Euro could to find down the EMA 50 to then, entry in bought in this zone!!! And it's the 0.618% of Fibonacci around of $1.1835 USD, becuase in H4 we could to appreciate it better. Now, in H1 Euro is still into this consolidation orme in the past 5 hours and we see a bearish flag, but as Euro is into this bullish trend, so beware becuase I do not entry in long or short in this zone, so the best is to hope these fibonacci level smartest!!! Fundamental Analysis: 1. Dollar down, as U.S. election finally delivers Biden victory 2. Dollar was down today morning in Sydney session, starting its week with losses as Democrat candidates Joe Biden was declared the winner of the U.S. presidential elections. 3. The FED announcing in the previously week that want to stead the USA politics and the continuation of a sot monetary policy creating more economic stimululs, traders are retreated rom the greenback over the expectation that Biden administration make. 4.The Dollar has weaknes in anticipation o a Biden presidency bringing calmer politics and the anticipation of FED coming to rescue again amid hear term risk or rising covid-19 infections. So guys, these are my key fundamental for the U.S. Dollar, but we would need to stay alert on what the Federal Reserve want to rescue the U.S. policits and economic general softing the economic. So, this is another good fundamental that we could see for the next days, but right now, we can't to entry in short in Euro, becuase investor option to buy Euro and we're entry in the bull trend. So, I will continue updated this par when we see my key to entry in long position!!!I If in any case that Euro doesn't reach down the Fibonacci level at 0.382 or 0.618, we find up another opportunity!!!
Long
by harisonhbn9718
ETC "bearish flag" and exit down to $4.ETC is ETH fork since 2016, which has never been able to fix in the top division of the crypto world. Throughout its history, the ETC team has conducted a number of hard forks to improve network performance. And also underwent several 51% network attacks. There were also rumors that the team left the project to the mercy of fate. In principle, this is all that came to mind over the past 4 years) Perhaps there is a benefit in mining this coin? Please, write in the comments, because we are not strong in this matter, thnks) For our part, we can say that the historical high $47 for ETC cannot be achieved. It looks like the ETC price has been trading under the bearish flag for the last two months. It is unknown how the altcoins will react when Bitcoin starts correction or fall. The price of a classic can rise to the middle of the channel - $5.36 or up of the channel near the level $6 . And the fall may start from the current indicators. The result in all cases will be the same - the level $4 will strongly attract to itself. ________________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
1
EURCAD, 4hr tf, sell on broken trend line retestHello my friends, There is another setup i just found which is EURCAD pairs. Before i start, if you find this post useful, please give me a like and follow me for my next update. Price currently moving inside a downward channel and price was rejected at upper line touch. There is also horizontal support which has been broken and I am now preparing to sell this pair. I am gonna sell on the retest of trend line so we could get a better RR ratio. There is possibility the previous upwards movement was a bearish flag. The measured objective of this bearish flag target is at 1.5320. Sell EURCAD 1.5550 Stop loss 1.5600 Take profit 1 at 1.5430 (2.4R) Take profit 2 at 1.5330 (4.4R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
[EDUCATIONAL] BULL Flag on ETH/USD - Full ExplanationIn this technical analysis we are reviewing the price action on Ethereum. The confirmed bull flag is a very powerful signal and I will be explaining how you can trade it. Both flags and Pennants are quite similar to each other and have proven to be powerful chart patterns in technical analysis. They are considered 'continuation patterns'. First of all it is important to understand where the name is coming from. If you look at the picture to the left you should get a pretty good idea. The price goes up strongly (in case of a bullish pattern, downwards for bearish) and then enters a moment of soft consolidation with a slight bearish trend (or in case of a bear flag it should be bullish, you get the point). The price is expected to continue in the direction of the move it had seen before (in this case the strong upwards momentum) after it breaks out of the flag. Ethereum has JUST confirmed the breakout on the bull flag, which should indicate a bullish continuation according to this pattern. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:ETHUSDEducation
by Trading-Guru
11
Short Position: NEO break down the bearish flag!!!Right now, we see a currently short position that NEO is leading toward the $12.30 USD, that is my exact target profit in NEO. In H1 we se in this bearish flag and NEO came from the bearish trend before that appear the formation of this bearish flag. so we see a good shorting position in NEO. Also, in H4 we see another confirmation and validation extra that NEO it's prepared to go down!!! Also guys, I follow NEO and I entry right now in the market price to sell NEO. I prove to sell 50 NEO lots because on my first plattform in Prime XBT I was divided my money capital that I generate in the Forex, crypto and commoditie funding in Bitcoin. So, I trade this altcoin.
BINANCE:NEOUSDShort
by harisonhbn9718
1
MULTI-TIMEFRAME ANALYSIS - XAUUSDXAUUSD, Gold, recently tested its support zone on the 1D timeframe. It seems to have been rejected by rejected though. 1D Analysis The Friday candle closed as a bullish candle after testing the support zone with the previous days candle. The pair can be seen inside a descending parallel channel, bullish flag. Within that bullish flag the pair was also within a smaller bearish flag that it recently broke out of which initiated the sell after its re-test. The pair might be heading to re-test the resistance of the bullish flag if it doesn't gain enough selling pressure to re-test the support zone and eventually break it. 4H Analysis The pair closed its last 4H candle as a bearish open marubozu which indicates lack of selling pressure towards the close of the candle. The two 4H candles preceding the bearish open marubozu had re-tested the support turned resistance zone before getting rejected. We can expect the pair to head towards the support turned resistance zone once again if it doesn't gain enough selling pressure to continue the downwards move. If it however does gain enough pressure then we can expect the pair to head towards its support zone by breaking the trend line support. 1H Analysis The pair can be seen within an ascending triangle which it attempted to break to the upside but got rejected by the 4H support turned resistance zone. After dropping back inside the ascending triangle the pair dropped into an ascending parallel channel, and seems to have tried to retest its resistance but was not successful. If the pair manages to break the channel to the upside it might result in it breaking the resistance of the ascending triangle, if not we might see the pair head to test the support of the channel which also turns out to be the support of the ascending triangle. A break below the channel might result in the pair heading towards the 4H support zone. Conclusion Monitor the pair on the 1H timeframe to see exactly what the pair does and how it coincides with the 4H and 1D in order to make an accurate trading decision. If you liked this analysis make sure to give us a thumbs up, leave us a comment and make sure to follow us for future ideas 👍❤
OANDA:XAUUSD
by JJForexAcademy
2
USD/CHF 🇺🇸 🇨🇭 to decline and bounce!USD/CHF 🇺🇸 🇨🇭 has recently retested the strong Uptrend. The price was rejected by the 0.91565 lvl. The ROC 9 swing at the 4H chart together with the bearish flag at the 12H chart with ROC 9 oversold and Stochastic crossover suggest that the price is going to decline. Below we have the 0.91379 and the Uptrend from where the price is expected to bounce! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section.
Short
by Alexander_Harford
4
CADJPY - ShortCADJPY is showing a bearish flag. The long downward trendline is the 'flag pole' leading up to the flag. In the flag pattern, the price makes higher lows and lower highs to make a 'flag-like' pattern. Eventually, price will break out of this pattern. The trend before the pattern was created was bearish with a dominant downtrend. It is likely that the price will break below the pennant glad and continue this downward trend. Before entering a short trade here, I will wait for confirmation of a breakout by 4H bearish candles, and looking for a potential re-test of the trend line before the downtrend plays out.
Short
by francesgurton
1
XRPUSD - Bearish flag //Key Levels + Bearish Flag + Long Term\\Hello, great to see You here! If You would like to see more of trades, press that "Follow" button! Also, don't forget to leave a comment down below, what do You think? -------------------------------------------------------------------------------------- XRPUSD has formed a bearish flag, broke through, and makes a bearish movement. It's like in a book of patterns, a beautiful strong move down, bearish flag, and more of a downward movement. Also, XRP is close to the key level - which is also a resistance. If We break through the resistance level, then resistance becomes a support, and We could retest the level. After that, possible downward movement till the next level, which is @0.17465. If this scenario does happen and We reach the 0.17465 level, it would be a good place to buy XRP (a nice gift for yourself). XRP in long term could pay off very nicely. XRP still needs time, it has been already tested in one of the biggest banks in Spain - Santander (between staff members, aprox. - 7 thousand employes) as a pilot program. Personally bought XRP at 0.14 cents per XRP. The second scenario - We could have a bounce off the resistance level and form a bullish trend. That would be a good scenario for XRP holders, always nice to see green numbers, but patience is the key! Remember to use money, You can afford to lose! I am not a "Financial advisor", so before doing something, do Your own research! ------------------------------------------------------------------------------------- For more free content, please press the "Follow" button and "Like" this post. Thank you and have an awesome day. See You soon, Richard.
BITSTAMP:XRPUSD
by RichardDavisCrypto