Bearishtrend
USD/CHF DAILY HEAD AND SHOULDERS, BREAKOUT READY!Price Action (Technical Analysis): Daily Head and Shoulders formed & ready for a Breakout . Bearish weekly pin bar formed giving us a heads up bearish pressure isn't going to be fading away, bears are in control. I'd like to see a 4H or Daily candle stick breaking & closing below our Head and Shoulder Neckline to confirm our high likely analysis.
Fundamental Analysis: None.
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
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.
GBPJPY swing traders get readyGBPJPY is giving us a perfect structured trend, same as USDCAD. We could see the pair bouncing again to drop in the long term continuing the down trend as Stochastics in the daily chart are indicating a possible sell coming soon. Will wait for a reversal pattern or a fundamental catalyst to go short.
BTC obvious BearflagBitcoin will soon fall to the $3200 again!
There is an obvious bearflag in the BTC/USDT chart. Which is a sign for downfall. When the lower trendline breaks, it triggers panic sellers as the downtrend resumes another leg down. Just like the bull flag, the severity of the drop on the flagpole determines how strong the bear flag can be.
I use the RSI as momentum indicator. On a crossover with the 70 i'll sell and by a crossover the 30 i'll buy, if their is a flag pattern.
Keep in mind that this is just speculation!
Correction or another Motion waveAccording to RSI and MACD , the bearish trend had been confirmed and we can expect at least 5 % of bear market in following days ( 2-3 days ) and if it couldn't resist on its swing it will decrease more maybe more than I mentioned in the Analysis .
Ichimoku gives us serious bearish signals which remembers that we cant long any coin in these moments and its too risky I advice not to have long position in crypto at all .
We may see some microwave that's are corrections of the following bearish trend .
Good luck and have nice Bearish Weak :)
Facebook could be a victim to the bearsTrend - Bearish
Indicator - 52 Week Low
Chart - Weekly
Strategy - Continuous negative news surrounding this company and also a possible trade war impacting markets could make for a great short here. Get out if stock reaches new 52 week high.
Time Frame - Probably a year but watch closely with news releases.
FB Facebook In For A Bear AttackTrend - Bearish
Indicator - 52 Week Low
Chart - Weekly
Strategy - With all the negative news and the technical's starting to show signs of a bear market this should be an easy trade. I believe this is also works well if the market takes a turn due to negative trade news recently in the news.
Time Frame- Trade could last a year and build momentum if the economy starts to take a turn.
Bitcoin Bull Trap Unfolding - Hidden Bearish Divergence on DailyOn the daily we have a large hidden bearish divergence. A hidden bearish divergence of this length is rarely wrong. We have bounced completely off both the bearish trend line and closed below it, we have also fell back through FIB retracement line .382 which is a important line to break. We are seeing bearish signs in MACD in 4 hr and several different bearish divergences. Anyone calling this a bull run is crazy, we are definitely still very bearish and this temp rally back towards 11k is probably going to meet with a huge refusal and a further drop lower. We should be looking at a large drop soon.
Keep a level head guys!
Some points on short-mid term LTC priceFirst notice that the RSI on the daily is looking for what seems to be a double bottom. Oversold conditions last time shot us from 100s to 175 max, so be on the watch soon. Overall still in a downtrend (dotted line on RSI), but maybe a double bottom like this is a sign of a near-future trend reversal?! (Please comment with your thoughts on my analysis with constructive criticism, it will help me learn!)
Still looks like we are in a downward channel, with next strong support looking like low 100s again (I'm learning about making targets, so mine isn't exact, just nearby where I think it will go). P.S. Crypto hedge just tweeted his target is around 95 USD. soooooo, yeah I'll just leave that there. Still in a downtrend though. But those daily oversold bounces I think will help push us in an uptrend.
Strong resistance around 180 (red solid line) and psychological resistance at 175.00 from last high. If we push through that on the next oversold bounce with sufficient volume I suspect we will have a nice reversal finally and begin moving upwards to an ATH, may take a few days though still or even weeks, sorry guys :(
But hey, now is the time to accumulate and stock your bags. I'm getting rid of my HODL mentality and starting to trade with the tide a little more by selling and buying back a little lower, but still HODL most of my position so I don't lose out on much. A little more accumulation goes a long way in this market. I wish I had started selling and accumulating sooner, like when LTC was around 300 and confirming this parallel bearish channel. Now I feel more confident next time a bear market rolls around that I'll be able to see more signs. Never stop learning folks! See you on the moon.
This isn't fin. advice, don't buy or sell based on what I say or place my targets at, because I don't even use my targets, I'm very conservative.
P.S. I was practicing drawing an upward support line (black) so don't pay much attention to that.
Bearish Regular Divergence + candlestick reversalHey guys,
I except a retracement on short term (4H) BTC price.
A regular bearish divergence and a HANGING MAN bearish candlestick reversal pattern makes me think of a retracement for next hours.
Also, STOCHASTIC shows that BTC is overbought.
What do you think about this ?
USDCAD - Short Trade OnlyUSDCAD - Short to 1.1940
1W Timeframe
Week Trade #3
This week looking for a SELL opportunity only for this pair for a total target of 200 pips.
Pivot Point @ 1.2178 was broken but fast approaching critical Resistance level @ 1.2240, believe a set-up for reversal is pending. Note that a break and hold ABOVE 1.2240 will be confirmation that bullish trend will continue.
Primary level to break and hold BELOW is 1.2155 to confirm strong bearish trend in play:
Tentative:
SELL Entry Market Order @ 1.2140
T/P @ 1.1940
Price could go as low as 1.1900 or within range of 1.2080 to 1.1900 but will take T/P at above target in accordance to my own trading rules and strategies.
S/L will follow as price moves in projected direction at rate of 10-15 pips above. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 1.2338 R2 1.2279 R1 1.2237
S1 1.2136 S2 1.2077 S3 1.2035
Updates / Adjustments / Results will be reflected in updated comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.