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Bearishpattern

#AUDUSD toward our targetFor #AUDUSD my daily view is that the wave B has been completed (it is approved by pattern, time and price) and the bearish move has been started. We will have this movement @least for 10 days in order to complete wave C. The most probable target is 0.7358. But keep in mind that 0.7531 is also a very strong support. So, if you are in sell position, keep your SL at 0.78234. There may be other entry point, which I will update, if I have enough time. #audusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
Short
by Elliott_wave_counter
#NZDUSD look for a bearish movementFor #NZDUSD my daily view is same as #AUDUSD and the wave B has been completed (it is approved by pattern, time and price) and the bearish move has been started. We will have this movement @least for 10 days in order to complete wave C. The most probable target is 0.678. But keep in mind that 0.697 is also a very strong support. So, if you are in sell position, keep your SL at 0.72897. There may be other entry point, which I will update, if I have enough time. #nzdusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
Short
by Elliott_wave_counter
USOIL - COVID ON THE RISE AGAIN!TECHNICALS: - Tuesday we've had one of the strongest bearish signals a big "BEARISH ENGULFING PATTERN", which was confirmed Wednesday! - Thursday and Friday we've had a little rebound (retest), but closing price was below the highs of Wednesday! - A "BEAR FLAG" has formed, where now only the flagpole is missing! - All in all, the technical data are looking VERY BEARISH! GLOBAL OUTLOOK: - Record COVID cases in INDIA (the world’s third-largest oil importer) could threaten Global Oil Demand! - The biggest cities in INDIA are on lockdown again this month! - India’s combined demand for diesel, the most used fuel in the country, and for gasoline is set to plunge by as much as 20% (!) this month compared to March, officials from refiners and fuel retailers told Bloomberg. - Also rising COVID cases in JAPAN (the world’s fourth-largest oil importer)! - Japan has declared a state of emergency (shutdown) for Tokyo, Osaka, Kyoto and Hyogo from April 25 till 11th May to stop people from travelling and spreading the virus during Japan’s Golden Week holidays from late April through the first week of May! - And last but not least GERMANY (the world’s sixth-largest oil importer) faces lockdown (curfew) until June as curbs fail to push down cases! - And not to forget, on April 1, OPEC+ said it would gradually lift daily oil production by 350,000 barrels in May, 350,000 barrels in June, and 441,000 barrels in July and holding back around eight million barrels a day of output! - All in all, globally it don't look good for oil demand within the next months!
TVC:USOILShort
by dresipent
3
UKOIL - COVID ON THE RISE AGAIN!TECHNICALS: - Tuesday we've had one of the strongest bearish signals a big "BEARISH ENGULFING PATTERN", which was confirmed Wednesday! - Thursday and Friday we've had a little rebound (retest), but closing price was below the highs of Wednesday! - A "BEAR FLAG" has formed, where now only the flagpole is missing! - All in all, the technical data are looking VERY BEARISH! GLOBAL OUTLOOK: - Record COVID cases in INDIA (the world’s third-largest oil importer) could threaten Global Oil Demand! - The biggest cities in INDIA are on lockdown again this month! - India’s combined demand for diesel, the most used fuel in the country, and for gasoline is set to plunge by as much as 20% (!) this month compared to March, officials from refiners and fuel retailers told Bloomberg. - Also rising COVID cases in JAPAN (the world’s fourth-largest oil importer)! - Japan has declared a state of emergency (shutdown) for Tokyo, Osaka, Kyoto and Hyogo from April 25 till 11th May to stop people from travelling and spreading the virus during Japan’s Golden Week holidays from late April through the first week of May! - And last but not least GERMANY (the world’s sixth-largest oil importer) faces lockdown (curfew) until June as curbs fail to push down cases! - And not to forget, on April 1, OPEC+ said it would gradually lift daily oil production by 350,000 barrels in May, 350,000 barrels in June, and 441,000 barrels in July and holding back around eight million barrels a day of output! - All in all, globally it don't look good for oil demand within the next months!
TVC:UKOILShort
by dresipent
1
1HR Gartley Pattern Setup: GBPJPY for Profit Looking to short GJ for about 150 pips and risking about 25 pips for the small risk big reward. BC leg had a deep pullback closer to the 88.6% level which is why I am waiting to take this trade at the 1.618% fib ext level (top of the green box), setting a SL at 26 pips, and looking to capture a minimum of 50 pips and a maximum of 127 pips. If you want to be aggressive, then you can take it at the 78.6% level (149.650) and set SL at the 4HR resistance line, which is 150.228. Anything can happen. This is no guaranteed profit. I'm not a financial advisor. I'm still a student of the game and trade what I see, not what I think. I trail my take profits to minimize risk, so when price hits my TP1 I'll move my SL to entry price for it to be a no risk trade; so on and so forth. Be patient and let the market come to you. ENTRY PRICE: 149.968 SL: 150.228 TP1: 149.481 TP2: 149.180 TP3: 148.692
Short
by TyWeaver
Is BITCOIN Feeling Jumpy or Dumpy????? After last night's drop BTC found good support at the S1 Pivot Point coinciding with the 100 EMA (orange Line). We are currently trying to re-test the 50 EMA (yellow line) but if we fail to rally above, we may continue down to our next support area of S2 Pivot Point, which is fairly close to what would be the target area of the head and shoulders breakdown (dotted black line) and the 200 EMA (red line). RSI trying to retest the 50 level once again. Currently in bearish territory. MACD still on a downward trajectory but histogram showing some small divergence which could be related to our current price bounce. Lots to discuss tonight during our deconstructing charts series and be sure to check last nights analysis on how we got to this level.
COINBASE:BTCUSDShort
by jnpTrends
Bearish Harmonic Pattern (Analysis on Nifty)Trade with the preferred levels, According to my analysis nifty will fall until its peak break two red lines are strong resistance level & two black lines are Potential reversal zone PRZ aggressive traders can enter now, with break of second red line with heavy volume as your stop loss adjust your position with the preferred levels with your risk management safe traders wait and enter in-between the PRZ with 13800 as stop loss or three consecutive 15 mins red candles makes perfect entry with last hour high as your stop loss Target 13200
NSE:NIFTYShort
by FMSmo
$LTC.X, Do you see a Bearish Triangle, or a Double Bottom?Hi Community, Still learning this fascinating world here! Question to you all: do you see a bearish triangle or a double bottom? What I see: Price touched support two times, and RSI is above 50 However, the triangle is quite evident at the bottom of a downtrend. I guess in these cases, you just have to wait and see, right? Comments and feedback are most welcome. Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!
by BitfulMind
2
XMR/USDT 90m (Binance Futures) Rising wedge forming#Monero went up after breaking out of the bullish flag and made a nice run, now seems a good time for a small retracement. I think it could go down to wedge support or even lower, back to parallel channel if breaks it. If does so fast enough, I believe we'd rather look for a bullish continuation afterwards! Current Price= 135.44 Buy Entry= 135.16 - 137.46 Take Profit= 133.23 | 129.77 | 127.04 Stop Loss= 139.39 Risk/Reward= 1:1 | 1:2.12 | 1:3.01 Expected Profit= +9.04% | +19.20% | +27.20% Possible Loss= -9.04% Fib. Retracement= 0.236 | 0.382 | 0.5 Margin Leverage= 4x Estimated Gain-time= 180h
Short
by TradingOn
FCPO - Bearish Reciprocal Head & ShoulderThe price of fcpo has been fall more than 300 points in the distribution event from the supply zone. The psychology level of 2800 has been breach as well & a reciprocal harmonic Head & Shoulder identified. We might witness some volatility of price action in 2700 level in the event of defending the neckline area. A violation of the neckline could potential bringing price landed to 2490 level supported with reciprocal AB=CD in the H&S structure.
MYX:FCPO1!Short
by FXCruZaDer82