Bearish Flag
EURNZD Bear FlagAfter price broke out impulsively at the ascending channel pattern, it formed a bear flag pattern which is looking to test the 61.8% Fibonacci Level. Expecting a completion of the wave E before completely reversing to the downside.
Correct me if i'm wrong? #SHORTI'm just a beginner in the crypto world but is it weird when I wonder why I don't hear anyone talking about the super clear bearish flag pattern I see?
Feel free to correct me if I'm wrong?
Correct me if i'm wrong #SHORTI'm just a beginner in the crypto world but is it weird when I wonder why I don't hear anyone talking about the super clear bearish flag pattern I see?
Feel free to correct me if I'm wrong?
EURUSD-Weekly Market Analysis-Sep20,Wk2You see there are 3 scenarios on EURUSD and all 3 I am waiting for shorting opportunity. That's because EURUSD on the daily chart there is an RSI Divergence. If the market can't break and close above the black box, I'll head in for a shorting opportunity base on the bearish flag pattern. If the market head up straight to the red box then I will be looking to sell within the preferred shorting zone(red box). Even if the market break and close above the red box, I'll be waiting at the bearish shark shorting opportunity.
Qh Bear Flag $BTCUSD I am shorting a bit here targeting 10899 on BTCUSD With sl at 11547
Lets see how it plays out this is a very risky trade but no pain no gain
$USDJPY - Head and Shoulders, Bearish flag, ABCDThree patterns that point out a bearish USDJPY.
Since US - China trade war is back again and is escalating, safe-haven assets may gain and DXY may fall again. Let's hear what Mr Powell says tomorrow, it could be decisive.
BTC is Bearish! Bear flag shown on mutliple timeframesAgain you can see the volume has lowered today, gold is taking an absolute battering and BTC is to follow.
The bear flag seen can also be seen on the higher timeframes from the recent price activity prior to the recent dump. Check out my analysis from earlier today; in connection, this what I think is going to happen including my predicted price.
It's in plain sight, the predicted price is based on the length of the initial flagpole.
If you have any questions feel free to ask!
BTC - Not sure we're out of the woods yetThis bounce doesn't look convincing at all, bulls look very weak at the moment. The last bear flag I predicted )check it here - ) played out perfectly and I have a feeling we could form another one here that would lead us to retest 10500 area. That one was predicted when it was formed already though and I'm going early now, so it's not anything written in the stone yet.
It's probably the logical move. It was huge resistance we were trying to break for whole year, we just can't go to any bigger bull run with testing it as support only for 10 minutes in that flash crash we had from first reach of 12k.
There is huge bullish sentiment out there, people are dreaming and hoping about new ATH and the easiest path to cause some pain is to screw some longs. If that is the goal, than we might move even below 10k for some short time as I guess most of stops are just below 10500 area.
I am still bullish and I believe we might at least try for 14-16k area, but retest of 10.5k is needed very soon. I think most probably now.
PS. This is not financial advice, I am not shorting this level, I am not even going into dollars now, but we should be careful to not do anything risky yet, like going full mental with longs. Even the end of this small bull run is not out of question. It could have been a sucker rally and we still could go to 6-7k from here and it wouldn't be anything chart-ruining.
XAUUSD 1940.49 - 0.33% SHORT IDEA * COMPLETION TRENDGood Day Everyone
a look at GOLD which hasnt seen much change on higher time frames The move keeps price in consolidation just below the record highs and the risk remains for a deeper setback near-term while below resistance. These are the updated targets and invalidation levels that matter on the gold weekly chart.
Coming down to the 4H chart we see the chart rallying down with the bears currently consolidating in a bearish flag which could possibly signal continuation to the downside to confirm the 1234 move confirming that GOLD is in a down trend.
looking for continuation of this move.
lets see how it goes.
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 1911.43
TP 2 - 1861.30
SL - 1963.88
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Bear Flag Possible sell off #ForexWaiting to see if the flag is valid once/if we break to the downside
AUDUSD - Bearish Flag (23 Aug 2020)Waiting for a retest of the support level at 0.7147 to look for a long opportunity. If the market hit 0.7209, I'm looking at bearish flag pattern trading opportunity as a trend-reversal trade setup.
EURNZD 1H BEAR FLAG 2 SHORT TRADE SETUPSSETUP 1 SHORT TRADE
Enter with 1H Candle Close
below Bear Flag Bottom
SETUP 2 SHORT TRADE
Enter with 1H Candle Close
below Support level @ 1.8056
Measure TP for both trades
@ 1.7976
SL above Swing High
AUD/CAD - Short the Bear Flag.Hey, I am back with another idea this time looking at AUD/CAD which is in a Bear flag.
Best possible entry for this flag would be 0.95600, with a tight stop loss as when this level gets broken more than by 10 pips, this would deny the pattern.
On 15 min chart we can see that the price is trying to break the resistance of 600, but it's missing way more momentum for the break, so entry at 0.95550 is also good for this short trade, but then you SL would be 15 pips and not 10.
Also notice the MACD that is about to give a sell signal if strong buying volume doesn't come. Same for RSI if drops below 60, it's going down.
And that's all from me about AUDCAD, good luck with this trade!
Cheers,
Tibor
KAVABTC - Bearish patternKAVA is showing us a bearish pattern. Supports are drawn, which equals the flag pole in length.
KNC- DEX token on fire. Long after the pullback.Kyber Network- One of the only two DEX coins that are on the Coinbase and are on the hot streak. Follow the daily timeframe and buy on the pullback as long as the ascending triangle structure remains intact
MRNA- Leader in the vaccine race. Ladder buy to avoid the riskModerna is the first company to start the phase 3 trial in July and could have the supply ready earliest by Oct and accelerated approval earliest by December, according to Nami Sumida/BioPharma Dive and morningstar.
Other competitors are scheduled to have accelerated approval the earliest around early 2021.
CADJPY, daily timeframe, Bearish Flag trade setupHello my friend,
There is a nice trade setup in CADJPY which could give us a worthy RR.
I notice a bearish flag on the daily timeframe of CADJPY. Price already broken below the support as well. Right now price retrace up to 61.8 fibonacci level and this is actually a nice area to try selling it. I am going to play patiently on this pair and waiting for price to retest until 79.55 area as there are 78.6 fibonacci retracement and 200-EMA on that place as well.
I am setting a pending sell order for this pair.
Sell CADJPY 79.55
Stop loss 80.25
Take profit 1 @78.70
Take profit 2 @77.85
Take profit 3 @77.00
