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Bearishsetup

Elliott Wave Intraday Analysis: USDCHF Is Slowing DownHello traders, today we will talk about USDCHF pair. We will show you price action from technical point of view and wave structure from Elliott wave perspective. USDCHF came higher very aggressively back in April and at the start of May, but after recent slow down for the US dollar, we can see USD is the weakest against CHF currency. So, USDCHF pair can be now trading in an Elliott wave (A)-(B)-(C) corrective decline. In Elliott waves, we always have to expect corrections to be made by three waves A-B-C, especially if we get a five-wave impulse in the first leg A. With current sharp and impulsive decline, USDCHF can be now finishing an Elliott wave five-wave cycle within first leg (A). So, bounce and Elliott wave three-wave A-B-C corrective recovery in wave (B) can be around the corner before we will see another decline for wave (C). Resistance can be anywhere between 0.98 – 0.99 area. Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
USD/CAD: Change of the growth divergence in U.S. DollarThe U.S. Dollar fell today as investor see a less optimistic this week and that growth divergence could to reverse moving out of the risk sentiment as China se to lift the its city-wide lockdown to the return of the normal life in Shanghai and that could to help the global-growth of another nations. This it's my fundamental analysis that I found out. So, technically we see that in H4 chart it's look bearish and I point a possible opportunity to find down 139 pips in this trade at the target profit of $1.2644 CAD. And we see that MACD indicator make confluence in the price that we're going to the sell. Meanwhile, in Daily chart it's look bearish. I hope that this analysis support you!!! Good luck I show you my trade info in my display to make a trade in this short position
Short
by harisonhbn9718
EUR/CAD: UpdateEuro/Canadian Dollar went from $1.3471 CAD from $1.3411 CAD in this bearish movement that I believe that this will be an opportunity to short. I use Fibonacci level and I see that EUR/CAD make reaction in the 0.618% Fibonacci Gold zone and for that, I entry in the early in my analysis of my iphone. But now, this it's by computer now. Also, I move the SL to $1.3485 pips to cut loss as my SL was $1.3517 CAD to cut loss an also protect pips of cuts loss. And also ,I update my take profit to $1.3340 CAD.(+131 pips) of potential to earn. This it's the H4 timeframe and the trend it's clearly bearish in this par. In Daily timeframe, we formed like triple top and that it's a bearish continuation side in this bear market what EUR/CAD move it. So guys, at the moment, we have approximately 56 pips earned in this trade. I hope that this update work you!!!
Short
by harisonhbn9718
7
Facebook: weekly analysis overviewFacebook it's look bearish from this point that we could to short right now, but this will be my perspective following the technical analysis. And very important combine it with fundamental analysis. As I see, the U.S. Dollar found out a tightening of the hike interest rates and stock market and cryptocurrencies it's suffering right now!!! For that, I analyze Facebook in my idea to take a perspective to know. For what I see, this movement will be bearish toward $130 USD per share. That it's my own opinion to trade stock market. Also, this will be the first time that I trade and work with stocks to trade. I come more from Forex market, and also my 2nd favorite market it's cryptocurrencies. As I know very well Fore and cryptocurrencies. i want to trade stock market, but very enfocous and combining with fundamental analysis always because it's my way to trade stocks as another financial market. But I'm interesting to trade stocks for first time now!!! But also, I want to take course more deep about stock market to learn more. I know very well Forex and cryptocurrencies very well and how they move it. I hope that this idea support you!!!
NASDAQ:METAShort
by harisonhbn9718
Ethereum: weekly analysis overviewWhat I found out in Ethereum price it's crashing too their price and it's below of $1,900 USD. I hope a crash to $1,100 USD approximately in their price, that will be the first support, And to take note, we could to see a chance to see Ethereum price round to $785 USD if the key and first support breaking down the zone of $1,100 USD. And then, this it's the monthly analysis timeframe and I see a bearish perspective in the price showing this model of chart that I draw. Also, Ethereum price it's very key to look their rally in the next year and starting to accumulate Ethereum to make compound interest by year to accumulate enough Ethereum by long term and use them Ethereum to create another portfolio in cryptocurrencies. One of my favortie altcoin that I want to accumulate it's Cardano by long term.
COINBASE:ETHUSDShort
by harisonhbn9718
ADA/USD: UpdateAs Cardano price crash during these days. I get over 178% in profit. A huge earns just shorting Cardano in my broker. Now to update, I keep in short position with the same target profit at $0.40 cents as my broker doesn't take my profit for just 2 cents of difference. So, in H4 it's look bearish and to update here, I put a break even to cut loss in my entry price that was around $0.66 cents. To remain, Cardano it's almost to get this target profit of $0.40 cents as we see a good perspective that my analysis was correct in what I have this perspective to shorting ADA Good luck!!!
BINANCE:ADAUSDShort
by harisonhbn9718
3
AUD/CAD: short positionAustralian Dollar/Canadian Dollar it's moving to the downside and I see a bearish trade from the market price to my target toward $0.8922 CAD. So, I'm shorting AUD/CAD by technical analysis, and very important the fundamental analysis about what happen in China about 1) Data earlier Monday from China showed the country's export growth slowed to single digits in April, growing 3.9% in April from a year earlier, compared with the 14.7% growth reported in March. The growth was the slowest since June 2020. 2) China’s new yuan loans are expected to have dropped in April after a rebound in March as credit demand weakened, a Reuters poll showed, even as the central bank keeps policy accommodative to support the slowing economy. So, directly this news will affect the Aussie in this bad news on how the export it's slowed since previously month April that fail to 3.9% and now it's a trouble as that comparsion it's very low than March that was 14.7% and indicate a slow productinn of exportation growth and all it's about the lockdown of covid-19 in China cities and another issue in the healthy system. The Daily timeframe it's look bearish!!! This it's the H1 timeframe and this it's a confirmation combining and analyzing the H1 and H4, I took decision to short AUD now! by price action, we see a bearish hammer here and in H4 we see like a bearish engulfing in this timefframe So, I'm shorting AUD/CAD now Good luck!!!
Short
by harisonhbn9718
1
ADA/USD: Short PositionThis it's my update of my previously analysis from ADA/USD in the early. So, I'm in short position and I analyzed that Cardano touch the 0.618% Fibonacci level and important zone to continue sell. So, I'm bearish in Cardano. I entry around $0.66 cents and I move the SL to $0.72 cents and i will share my possible targets to reach down using Fibonacci extension level. So, I see a good targets between 0.782% ($0.55 cents and 1% ($0.51 cents). So, I will hope to know what happen when ADA reach the target of 0.782% and if this broke down, I hope my completely target toward 1%. So, this trade has a lot potential to earn in this trade. Also, I share in my weekly timeframe a new bearish perspective that I hope to pass in the Cardano price because I see that Cardano has a lot chance to go down to $0.39 cents approx. I hope that this idea support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
2
ADA/USD: To the road to 0.50 centsWe see the bear trend in Cardano in monthly timeframe and I believe that this cryptocurrency will start this bearish movement to find down price around 0.50 cents. Also, I mark a yellow key support around of $0.41 cents Do you agree with this idea? Also, if Cardano reach $0.50 cents. I will adjust a good plan to accumulate Cardano by my trading app to accumulate a lot of this coin by long term. And also some cryptocurrencies that I consider like opportunities to the long term.
BINANCE:ADAUSDShort
by harisonhbn9718
1
SOL/USD: short positionSolana make resistance in the 0.618% of Fibonacci level and the price action it's speaking us that it's a good moment to sell this cryptocurrency, or if you make trading in cryptocurrency, Solana it's one of cryptocurrencies that it's moving to the downside in H1 timeframe. I put a short posiiton right now in the market price and SL to $91.70 USD and target to $78.10 USD. This it's a risk/benefit of almost 1:3. It's an escellent and good position to trade Soalana to short. So guys, we see that right now in our technical analsysi, the price action speaking us right now the moment to sell Solana, we see a bearish darkness cloud the in high and more litle down we see a bearish hammer indicating the moment to sell now. Good luck!!!
FTX:SOLUSDShort
by harisonhbn9718
2
EUR/AUD: shoulder head shoulderThe price made movement to up this early and we see that this could be a good opportunity to short again Euro/Australian Dollar when take my SL in my 2nd trade and at least, in my first trade, I'm in profit with 31 pips for now. B Also as we forming a bearish channel, we could to forming a Shoulder Head Shoulder, a bearish pattern in development what I can see, but inevitable, we could't to hope what will be happen in the early today as Euro made a climb of 0.30% approximately. I will hope that Euro make a bearish cnadlestick of confirmation to entry to short in that price around $1.4606 AUD to see another opportunity here
Short
by harisonhbn9718
3
AUD/JPY: Sell in the change of trendAustralian Dollar keep in this bearish trend in H1 tiemframe. So, we could to put a sell order limit. In my case, I put a sell order limit to $91.77 JPY with my SL to $92.20 JPY (42 pips) and I have a target to $90.54 JPY (123 pips) This it's the H4 timeframe and the trend it's clearly that we're going to find down this correction, and into this correction it's a good opporutnity to get pips in this week. And also, I made a Daily analysis that I share in this screenshot and I see that as we're in the correction and confirmed this bearish break out and change of trend, we would hope that AUD/JPY goes to 0.382% around $90.68 JPY. And more below 0.618% as another chance to hit. I hope that this idea support you very well!!! Also, my previously analysis that I create from my iphone, I will replace it for this analysis in how I see the movement by H4 timeframe.
Short
by harisonhbn9718
1
USD/CAD: Liquidation zone to sellUSD could to forming this market structure to note it. In case, we would make to sell U.S. Dollar against Canadian Dollar. But maybe, I expect that USD make a little up movement to $1.2843 CAD, also I put an alarm on $1.2840 CAD to being informed that USDCAD up, and then, we would need to hope a bearish candlestick group of confirmation to sell and entry in short in this trade For reference: We have 2 news in USA about: 1) Consumer Price Index; measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 2) Initial Jobless Claims: measures the number of individuals who filed for unemployment insurance for the first time during the past week But I hope a bad news about more in the Consumer Price Index as inflation take bad expectative in America. Good luck in this trade.
Short
by harisonhbn9718
2
GBP/JPY: Short PosiitonGreat Britain Pound show right now sell inminent of this downtrend continuation against Yen Japanese to trade Forex This it's the Daily chart and it's look bearish and Pound could to hit down to $149.46 JPY. This it's the market structure, but in case that Pound make a pull back to $152.70 JPY approx. This zone it's another opportuity to sell in case that we fall this trade. Now, in H1 I see this price action and Pound forming a bearish hammer, an indication to sell. So guys, in our economic calendar there're nothing for tomorrow to still pending the pause of the market when that pass, but we hope to read everyday in our Forex news to know what happen in the world, specially in this conflicts of war between Ukraine and Russia.
Short
by harisonhbn9718
4
ETH/USD: Short Posiiton confirmed!!!In this update from H4 timeframe, Ethereum it's ready to drop their value. So guys, as we forming this bearish rising wedge in the past days, I hope that Ethereum continue toward a crash to $1,953 USD So, in Daily timeframe we forming this symetric triangle in formation and I believe that Ethereum it's ready to the another crash as I saw in the price of $1,953 USD But, I put a sell order limit at $2,622 USD and my SL to$2,711 USD. And my target will be around $2,420 USD. And this it's a risk/benefit 1:2. It's a good proportion to get profit. Now, if you want to extend your target toward $2,300 USD. You can to do it and this will be a risk/benefit 1:3, and it's a good proportion to get profit.
COINBASE:ETHUSDShort
by harisonhbn9718
1
S&P 500: This could to send stock market to the another crashS&P 500 it's in the bearish movement that could to crash to 4,090 points or around 6% of depreciation of value. So, I don't convinced that this will make a key support as we're in times of war and the things has becoming worse for the stock market. But if you want to short S&P 500, noticed that you can to trade it. But, I don't trade stock market as i trade more Forex and cryptocurrencies. But I know very well what happen in this situation in our stock market and how this affect this trouble of uncertainty. Guys, I hope this idea support you very well and get an undertood of how the financial market work But, definitely, I see a crash and I don't convinced in that stock will climb up.
SP:SPXShort
by harisonhbn9718