Get started

Bearish Flag

EURGBP 1D BEAR FLAG SHORT TRADEA Bear Flag is a Range pattern which is a repeatable trading chart pattern. Bear Flag Range chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Short
by Tradingstrategyguides
EURJPY : Bearish Flag ImprovisationHello there, There is a small pips trading opportunity on the EURJPY pair. In order to increase the risk / reward ratio, I went to extend this opportunity by taking the bearish flag pattern behind me. Let's be careful though. We are in an environment where mutually weak data comes from the global markets and where there is relatively no advantage. So I found pattern searching correct in charts. Parameters Position Size : %1 (0.01) Risk/Reward Ratio : 3.00 Leverage : 50x-100x Stop-Loss : 121.724 Goal : 118.205 Extra Major Supports and Supports for Take-Profit Points : Fibo 0.618 => 119.936 (Major Support) Fibo 0.500 => 119.180 Fibo 0.382 => 118.423 Regards.
Short
by Noldo
2
US100 10840.3 - 0.14% * UPDATE IDEA - CONTINUATION PATTERNSGood Day Everyone An update on NASDAQ which pushed up to test resistance level 11063.0 forming a double top at this structure now pushing down rejected at 61.8 Fibonacci level, looking for continuation with the bears as we are currently trading in a bear flag which could be signalling continuation to the down side with the bears lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - DAY TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
UShort
by PULEMokhothu
EUR/GBP show a drop of the price as GBP is more strenghtenIn this technical analysis as in EUR/USD, we see the same situation that EUR/GBP is going to put short position. We are here in weekly in the supply and demand strategy. Also to recall you, this par could show a possible weakness of Euro, because Euro show in weekly timeframe a possible grant drop in the future. Watching in Daily timeframe, is so perfect the strategy of supply and demand. So, we are in the supply demand that investor are sell Euro and RSI its accomplish with us in this analysis. So, if you looking in H4 timeframe we see a bearish divergence because in the past days we are into the bearish flag and then, it's show a possible drop of the price. Also, between the Daily and H4 timeframe we was updated my graphics and the new situation so we needed to see it. Looking in Daily timeframe, for discuss we were in tthis bearish rising wedge that in the past was a bullish channel and then, follow this structure we are confirmed the pull back to included to make a drop as you see in weekly Learn this for you: You need always to starting in monthly to analyze and then go down to weekly to analyze, and then go down to Daily, at this point it's produce a lot updateds in Daily because in Daily we see a new chartist pattern equal in H4 tiemframe when you go down. And finally to insight in the market in H1 timeframe, we found out with a bearish flag that was formed in the past, we see a grant drop of 200 pips and a great opportunity to longer in short in this par, so we are to break down and we need a confirmation to entry in short that we need to stay alert when the price go up at 0.9070. Fundamentals Keys: 1.Pound to Euro Exchange Rate Flat Following European Union Leaders Summit 2. GBP/EUR exchange rate muted as European Union talks could soon fall apart 3. Sterling muted as attention was to fifth round of Brexit talks. 4. The pound remained flat on Monday mroning as markets receiving some support from the European Union leaders meeting. 5. The market attention will soon turn to the latest round of trade negotiations between the United Kingdom and European Union 6. The fifth round of talks is due to begin in London and the prime minister has been pushing for a deal to be agreed sooner. Although, traders are likely to focus on hte lack of progress which may weigh on Sterling. 7. Sterling Pound received support after reports revealed Britain had signed deals to secure 90 million doses of two potential coronavirus vaccines in United Kingdom that today it's working to created it. 8. The business ministry said it had secured 30 million doses from vaccinations from Pfizer, INC and BioNTech alliance. It also confirmed it made a deal with French group valvera for 60 million doses. 9. Pound Euro outlook as European Union leaders meeting remains in Focus. That mean that pound could strenghthen agains the Euro if investor sentiment improves on reports of another US Coronavirus aid bill So guys, that is my my technical analysis, if we see, EUR this week it's seem so weak!!!. So we hope a confirmation of 0.382% of Fibonacci to entry then, so just stay await and do not entry until see the confirmation in the EUR/GBP. And also, I invied your the Euros Fundamentals in my previously technical analysis in EUR/USD
Short
by harisonhbn9718
EURAUD, 4hr timeframe, ABC correction of Elliot WavesOn the 4hr timeframe we could clearly see there is an ABC correction after 5 waves already completed. This ABC correction is from a bigger ABC degree on the ending diagonal of 5th wave so it was a bit tricky to play. Focusing only on the yellow box area it clearly looks like a flag pattern and price broke through the support with 2 solid red candles. We could see price continue to decline until 1.6100-1.6110 area which is still 150 pips to the downside. Sell EURAUD around 1.6260-70 Stop loss 1.6350 Take profit 1 @1.6180 Take profi 2 @1.6100 good luck
Short
by HayatoDragonFX
USD/CAD in a Bear flag.Hey, I am back with another Technical analysis, this time I have decided to share with you a pattern that I have found. USD/CAD is in a bearish pattern Bear flag, while in downtrend which confirms this pattern. Enter in the bear flag range. Take profit at range of 1.35300 - 1.35220 Stop loss above resistance area, watch out for fake out up. Make sure follow me, in order to not miss out on my trading ideas. Each Like is very much appreciated! 🙌 If you have any questions, feel free to ask via dm or down in comments.
Short
by TiborVrbovsky
RUSSELL 2000 INDEX BEAR FLAG SHORTBear Flags are Channel Ranges and they are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (Short). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
CME_MINI:RTY1!Short
by Tradingstrategyguides
CADCHF Short Now?CADCHF has broken through a weekly support (yellow zone plotted on chart) and has perfectly retested the broken support. The previous support is now acting as resistance. On a daily timeframe, CADCHF is forming a bearish flag pattern (a continuation pattern), indicating that the pair may see further downside. Price is currently attempting to break the supportive trendline and price is completely bearish on a 4H timeframe, presenting a good opportunity for bears to open short positions now. Only open a position if you are satisfied that the setup meets your strategy's requirements. Be sure to follow me for more ideas and analyses. Best of luck traders!
Short
by sharaafatm
Bearish channel guiding GBP indexGBP has been one of the weakest currencies for some time now and it's easy to see that from this chart The FX market has been quiet for the majority of the week and it looks like GBP tried to regain some ground albeit slowly It could continue to gain but the overall bearish channel is what I'm focused on. I'm watching for bearish setups on GBP pairs but waiting to see how price will react to the bearish flag pattern. Good confirmation will be if price can sustain trading below the bearish flag breakout point on the index.
Short
by Aperna
USDJPY 1H Bearish Pennant Short TradeWhat are Pennant Patterns? Flag and Pennants meaning Pennant patterns form after a strong price movement. This is because after a strong upward or downward movement the buyers or the sellers take a break and battle for a short period before the trend eventually breaks out and continues the primary trend. Step #1 Apply Parabolic SAR indicator to the chart. The Parabolic SAR indicator will show you where the main trend is heading. Check out our Parabolic SAR strategy here if you want to specifically trade with this indicator. With this strategy, we have this on the chart to help us make a great trading decision when it comes time to make an entry/exit the trade. Step #2 Find a Strong Bullish, Bearish Trend Most likely you will see this occur with 2-5 strong consecutive bullish or bearish candles. There are no Retracement candles; these should be unsustainable upward or downward candles. Notice that the parabolic SAR dots are above the candles, which is an indication that the trend is pushing down. If the dots are below the candles, the trend is going up, if they are above the candles the trend is going down. Step #3 Analyze Consolidation After Big Price Move. After a large pip downward move you see that many sellers got out of this trade and took their profit. Now what is most likely to occur is that there will be a short battle between the buyers and sellers at this point before a new wave of sellers will take over and drive the price down again! You want to be one of those sellers, and that is why having a strategy like this is so important to have. Some see that move and have no idea what happened and where they should enter if the trend will continue. But you will not be one of them after you learn this strategy. Step #4 Draw Pennant that is Forming. #1- Draw a line on the Strong Bearish candles that formed #2, #3- Draw a line on the higher lows and lower highs (If you down know what these are tap here and I go into detail about this in our Breakout triangle strategy) Once you do this, you are now prepared to find an entry if it breakout out of this pennant. Step #5 The Breakout. Ah yes… The best part of this strategy is seeing that price breakout of the pennant you drew on the chart. **Note Since this is a Bearish Pennant the price will need to breakout of the bottom of the pennant. If this were a Bullish Pennant, you would have needed to see the price breakout above. If the price breaks above the pennant, I would not enter a trade based off of the rules of this strategy. However, there are strategies you can use to trade this but for the PPG trade strategy if the prices break above the pennant in a bearish pennant then avoid trading. The same goes for a bullish pennant. If it breaks below the pennant, then do no take the trade. After Breakout, Make The Trade with this Pennant Forex Strategy. #1 Enter on breakout candle close. #2 So once the price breaks out of the pennant, you are technically safe to make a trade if it’s a strong breakout candle. This is a great place to trade because if the trend continues you are in a great place to be! Note** (This is the advanced entry position) The reason is that this is advanced is that it takes more of a price action analysis that beginner traders may not know what to be looking for. #3 Another place you could make your entry is when the price breaks the top of the pennant. (For beginner traders I recommend this entry position) All you do is draw a horizontal line at the bottom of the pennant, and once the price action breaks this you make a sell entry: Step 6 To place you stop loss, determine a support/resistance area and place in below this in a buy trade or above this area in a sell trade. Step 7 The price should move rapidly, and you should be in profit in a short period. The rule of thumb with these pennant patterns that the second breakout will move as far as the first. The first bullish trend, as you recall me saying, moved 78 pips in 3 hours. So we technically could shoot for another 78 pip move. Always be mindful of price action when you are in a trade, though. Personally, I stay in a trade with this strategy until I see price action consolidating by analyzing Parabolic SAR and studying the price movement. That is what’s nice about the Parabolic SAR. When you see something like that (5 consecutive dots), you can have a good idea as to what the trend may do shortly. If you spot this occurring and you see price action consolidating then consider a trailing stop, or exiting the trade altogether. Today we want to take a look at a great pennant forex trading strategy. You will learn what a bullish pennant and what a bearish pennant is and how to make a pennant flag. This strategy similar to our breakout triangle strategy we have developed a while back, but only this strategy trades distinct flag pattern technical analysis. You see above that the “pole” if you want to call it that had a strong upward movement (nearly verticle). The buyers then began to close their positions and made the trend stall and form what’s called a pennant pattern. Some sellers got in before new buyers made entries and eventually kept the main trend going to the upside. This is essentially what happens every time a pennant pattern is formed. There are two types of pennants that form on charts: 1. Bearish Pennant= This bearish flag is formed after there is a strong downtrend (nearly verticle). The sellers close their positions to and take the profit. This consolidation will then lead to other sellers getting on board and, hence, the price will again be pushed down. 2. Bullish Pennant= This bullish flag formed after there is a strong uptrend (nearly verticle). The buyers close their positions to and take the profit. This consolidation will then lead to other buyers getting on board and, hence, the price will again be pushed up. Once the price breaks either of these “pennants”, you most likely want to get on board and trade these because the price is ready to take off and continue the main trend due to all the sellers/ buyers getting in at the same time. We discussed this in our other article that talks about traders making trading decisions at certain places on the charts. Think about it, everyone is looking at the same charts and are seeing the same thing. When a breakout occurs, everyone sees this happen and makes a trade decision. Also, read about Scaling in and Scaling out in Forex. The PPG trading strategy uses a few elements to help you determine a trade entry: Parabolic Sar Indicator Lines Drawn By You Price Action Analysis You can trade this strategy on any time frame. I prefer trading this on 30 min time frames and up but this still can work on 1m-15 minute charts.
Short
by Tradingstrategyguides
2