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Bearish Flag

AUDUSD BEAR FLAG IDEAHi Traders! There is a bear flag setup here on the AUDUSD 4H chart. Since there was a price rejection at the 0.68182 level, we have continued down since then and we are now in a consolidation period. Looking at the price action, it indicates that the market wants to continue heading to the downside. We also have a longer term idea that supports this (link below). We are now waiting for confirmation of a break and close to the bottom of our bear flag at 0.64904. If we get this, then the next target will be 0.64500. As always, there are no guarantees in the markets so as traders, we must look to the other side if the bear flag fails. There is a key level above the flag around 0.65740. Previously there was a big bull push from that level, so the market may want to test that level again as potential resistance. Please do not forget to like, comment and follow. We appreciate your support. BluetonaFX
by BluetonaFX
2
NZDUSD I Current situation and how to trade itWelcome back! Let me know your thoughts in the comments! ** NZDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
10
Ethereum - Weekly bearish flag will send ETH to 618 USDT (gg) Ethereum shows a lot of weakness on the major timeframes. You can see that the downtrend was pretty steep, and now we are in a consolidation phase. If we take a closer look at it, this is not even an uptrend; it's more like a sideways bearish flag consolidation. A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below! Now the question is, "What will be the bottom on ETH?" We use the Fibonacci extension tool from the start of the bear market to wave A and wave B, which will give us a 0.382 FIB projection. This is a reasonable target for the final dump (618 USDT). This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. You can see my Elliott Wave count on the chart. I don't know what's yours, but you can take some inspiration. A lot of people are very bullish at this moment, but the chart does not look bullish. The previous downtrend from 2021 - 2022 was extremely steep and impulsive, which you do not want to see as a bull. We need to finish the major ABC correction to start the true bull market. ETH is going sideways. It has been almost 1 year of sideways price action. I don't see anything bullish, and it's better to sell all your ETH if you haven't already and short ETH to make money. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
152
Double Your Chances: How to Profit from Both Buying and Selling Double Your Chances: How to Profit from Both Buying and Selling Opportunities on the AUDUSD For traders seeking a buying opportunity on the AUDUSD, keep a close eye on the 0.6686 level for a potential entry point. While waiting for a retest after a market break and close above 0.6709 may provide added comfort, don't hesitate to take advantage of the opportunity at hand. Alternatively, those looking to short the AUDUSD should keep an eye on the 0.6703 level for a potential entry. However, be warned that a market close above 0.6709 could signal a shift in the market and may not be the best opportunity for shorting. By considering both potential outcomes, traders can position themselves for success and maximize their chances of profit on the AUDUSD.
Short
by RaynLim
EURUSD Bear Flag PatternHey Traders, in the coming week we are monitoring EURUSD around 1.09884 zone, The bear flag pattern is a continuation pattern that typically occurs after a significant downtrend, signaling a potential continuation of the bearish trend. In this case, the pattern is forming around the 1.09 zone on the EUR/USD currency pair, indicating a potential sell opportunity. So technically we will wait for a breakout and watch a potential retrace from 1.093 support and resistance zone. Fundamentally USD data seems to be bullish with recent feds comments including Fed Waller about the inflation concerns, Fed Williams have mentioned too that Fed Powell should hike rates in the next FOMC early May which have triggered some Dollar strength. Trade safe, Joe.
Short
by JoeChampion
9
Bearish Flag on USD/CAD @ D1A bearish flag pattern has formed on the daily USD/CAD chart following a peak and reversal in its previous uptrend. The pole and the flag borders are shown with the yellow lines. The stop-loss level (the red line at 1.35296) is set to the highest point of the flag area. The take-profit level (the green line at 1.31309) is set to the pole's length subtracted from the stop-loss level. I will open this short position only if the currency pair closes significantly below the flag's lower border.
Short
by AndriyMoraru
6