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Bearishtrend

Euro/Sterling Pound in the re-distribution micro-trendAt the moment of this analysis, we continue in sell Euro, so, very important is that tomorrow there will be a news of German Retail Sales, that news could be impact in the Euro. Now, looking the graphics, we see a formation of descendent triangle in H1 timeframe. So, my objective of this operation is just find down 40 pips with 22 pips of SL. Now, dont recall that Germany for the past days could be to imapct in the Euro, but nor much to see it a 100 pips of 1 candlestick, but yes a impact important, now generally the trend is bearish, dont recall it. So, tomorrow morning I will going to check the same pars, except the US Dollar/ Swiss Ffrank, because obviously the US Dollar is up so lot in this par near of 100 pips, I ibelieve that is another signal as Australian Dollar that they both needs to make a correction to continue their trends.
Short
by harisonhbn9718
EURUSD - Potentially A Major Shorting OpportunityBackground: The current bearish cycle commenced in February 2018 and it is still intact and has some way to go. In the short term it had some very messy sharp up and down swings, however, it is very likely that it has resumed a longer term bearish trend – see previously published chart in January 2018 lined below. Fundamentally , like most economies, Europe too has lots of cross currents which are likely to impact relative strength of EURO Vs USD, such as: a. The fall out from the impact of Covid-19 b. Political differences within the bloc might become more pronounced. c. In addition the Brexit negotiation which must conclude by end of Dec 2020 might not go well in the prevailing backdrop of negative social mood when disagreements are more likely. Summary of some of the technical: 1. Monthly - Please see chart below in the update a. EURUSD topped in July 2008 and has been in clear bearish channel. b. Since 16th February 2018, it is potentially developing a double zigzag of which the second zigzag probably commenced on 9th March 2020. c. Since February 2018, the RSI has remained well below 50% on any attempts to rally. d. If it forms similar price action to that in Sept 2000 – February 2002, then it might decline towards 1.000 (Parity). 2. Weekly - Please see chart below in the update a. In the very choppy up and down moves from Dec 2019, the price has failed to overcome structural resistance around 1.150 in proximity of bearish 200 period weekly MA, whilst forming a double top along with RSI remaining below 50%. b. June spike high appear to have some time symmetry of high to high of 50 weekly bars. 3. Daily - Please see the main chart a. A sharp decline from 9th March was retraced by 88.6% which is in proximity of 200 weekly MA and declining trend channel, whilst RSI remain below 60 (RSI range of 50 -60 is considered bearish resistance zone). b. A break below 1.1160 would help confirm the continuation of bearish trend and opportunity for a short entry with possible move towards 1.1 – 1.09 area and longer term towards 1.05. 4. Point & Figure Chart – Please see chart below in the update Initially downside target of 1.103 5. COT Data – Please see chart below in the update a. At the June high the Open Interest was much lower than that which accompanied the March spike high. Even though the price was not that far off. This suggests that during the run up from May low, most of it was due to short covering. b. Net long position by Non-Commercials (Large Speculators) and Non-Reportable (Small Speculators) are at relative extreme not seen since May 2018, which might have to cover on price weakness. Their Net long positions are as follows: i. Large Speculators Net long by 118,448 ii. And Small Speculators Net Long by 44,092 Conclusion: Longer term bearish breakdown of the consolidation is anticipated. Use your own method of entry and trade management. Suggested entry could be upon: 1. A clear breakdown below 1.1160 would help confirm the resumption of downtrend and offer short entry. 2. Initial downside target could be around 1.1 – 1.09 area and secondary target around 1.06 3. Invalidation would be a close above 1.140 and more specifically 1.150 Caution: This is my interpretation of price action using TA approach that I consider helps me the most but could be completely wrong. Therefore, as always, do your own analysis for your trade requirement and ignore my views. For those who appreciate my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then, please be constructive and share for all to learn from. Thank you for taking the time to read my analysis. DanV
Short
by DanV
2
15/06/2020At the time I charted this but never published, it was a possible bearish set up. Now I am publishing it, it seems more the likely option to play out. The purple trend lines drawn are weekly and daily S/R. The dotted white lines, more recently added to the chart and also S/R. The MA lines shown are: 21MA in red, 50MA in yellow, 100MA in purple and 200MA in white. This would be a longer term trade set-up with possible profit targets along the way in the event of a major drop as Bitcoin looks to more and more correlated with the stock market at the minute, which I fully expect to have a bad week ahead. I hope the chart explains itself but I have added the extra details needed to understand the expectations. Using this set-up, the targets pointed out on the MA's and S/R, could also be used for a bullish set-up trade, if taken as intended. NOT TRADING ADVICE AND DO YOUR OWN RESEARCH. Thanks!
BYBIT:BTCUSD.P
by Crypto_Jakk
EURUSD: Thought ProcessThis is an update on the previous post I shared on EUR/USD, with a detailed explanation of the thought process. In this chart we have a bearish trending market as the root cause of a 3.6% decline in prices. A bearish trending market is defined by lower lows and lower highs. A red sloping diagonal line highlights the bearish trending market by connecting the lower highs, which gives visualisation of a descending angle, confirming the downtrend. When looking for a trading opportunity, we want to trade in the direction of the trend. More often then not, prices will continue to trade in the direction of the trend rather then reverse, with the exception of when a major demand level is present. Traders who have missed an initial swing low in a downtrend, is provided with an opportunity to ride the trend on a pullback. In such cases traders look to enter between a 38.2-61.8% fibonacci retracements. 38.2%, 50% & 61.8% is the fibonacci retracement levels that are most often used and these are the levels that most often hold. These levels are also plotted on the chart, using the fibonacci retracement tool as black horizontal lines. Simple does it, but is this enough to provide a clear trading opportunity? In order for us to increase probability of success while mitigating the potential risk, we have added a twist to our trend trading philosophy with advanced pattern formations. The highlighted pattern shows a bearish bat pattern. Advanced pattern formations can be a very reliable signal, because of the quantified measurements. Every pattern consists of a potential reversal zone or PRZ. The PRZ for this bat pattern consists of the obligatory 88.6% (XA) retracement, a 161.8% (AB) extension and a symmetric 100% (abc) projection. These are highlighted as blue lines. Usually we want to look for an alternate ab=cd pattern within bat patterns, but its still a valid set-up with resistance at ab=cd, some would call this a Gartley. We can see that the PRZ has a lot of confluence. Not only is the PRZ on its own a cluster of fibonacci levels, indicating a major resistance level, the sloping diagonal line confirms the pattern with 50% retracement of a previous swing within the trend which shows more confluence within the PRZ. This is a strong signal. I am expecting the downtrend to continue, down to atleast 161.8% of the bat pattern at 1.054 or a 160 pip decline from current prices. Waiting for the trade to play out. I am risk free after having booked partial profits once price hit the previous traded lows at 1.065. If you find this post helpful, make sure you hit the like button and comment your thoughts below. Thank you for reading May God bless
Short
by MikulovicFOREX
1
NSE30 WEEKLY MARKET ANALYSIS WEEKLY ANALYSIS OF NSE30 INDEX : WEEK ENDING 07062019 A vital support zone has been established on a monthly chart. The week ended with bear in control. Watch out for price crossing below 1257.6 that will strengthen bear position and also established supply zone. The last three weeks candle setup is also a bearish candle formation. CONCLUSION: I am expecting the market to move lower or at least short term sideways movement paving the way for either upside movement or continuation of the trend NSENG:NSE30 www.tradingview.com
N
by davepop2006
EURUSD 1HR TF KEY ZONE FOR SHORT POSITIONSHi. guys I hope you are all okay! Here are my thoughts on EURUSD, price action pushed down into fresh lows of 1.1180's seeing prices break and close below the previous structure low of 1.1232's. What we have since seen is prices pullback into a key area in the market at 1.1285 - 1.1325's which would be the most likely area for sellers to re-enter the market. There is also a number of confluences, such as; 1.3000 even handle, a cluster of FIB ratios in this kill zone and RSI has also gone OB displaying that strength in buying pressure is beginning to slowdown. Therefore, I am currently short with a 15 pip based ATR stop above the highs of 1.1325's and looking for a retest of the structure lows down at 1.1180's for target ones in anticipation for bearish trend continuation.
Short
by hmwalker_