Bearish Trend Line
USDCHF Sell IdeaD1 - Price respecting downtrend line so far. We may expect the price to respect this dynamic resistance again and if it respects, we may expect it to move lower. Hidden bearish divergence has turned into continuing bearish divergence.
H4 - Bearish divergence, perfect uptrend line. We may start looking for sells with the breakout of this uptrend line.
Note: False breaks of the downtrend line are acceptable. If the price breaks above this downtrend line and holds above it, then this setup is invalidated.
AUDUSD Sell IdeaH4 - We may expect the price to move higher and respect the downtrend line again. Hidden bearish divergence.
H1 - Once a bearish reversal happens we can then go short with the breakout of the uptrend line.
Invalidation: This setup will be invalidated if the price breaks above the H4 downtrend line. False breaks can be neglected.
GBPUSD Sell IdeaH4 - We may expect the price to move higher and respect the downtrend line and then a bearish reversal to happen. We also have Hidden bearish divergence.
H1 - Once a bearish reversal happens we can then go short with the breakout of the uptrend line.
Note: In order for this setup to be valid we want the H4 downtrend line to hold (false breaks are accepted).
Downtrending right into 3 digit pricesWith such a clear downtrend on the BCH daily chart, it's hard to be a bull.
It could also just go the other way ¯\_( $ )_/¯.
EURUSD Buy IdeaH4 - Price nearing the bottom of the channel. Hidden bullish divergence transforming itself into continuing bullish divergence.
H1 - Price respecting downtrend line. We may now expect the price to move higher, respect this trend line again and then to push lower towards the bottom of the H4 range
Aggressive - You can go long with the breakout of the downtrend line.
Conservative - Wait for the price to break above the most recent high and then start looking for buys.
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!
Bancor (BNT) Long-term Technical AnalysisJust as in my other TAs, I'm going to be tracking coins that I'm personally interested in. I got into BINANCE:BNTBTC back in November, but have seen its value slip during the BTC crash and now the recovery. It's a decently-sized coin with a lot of potential and actually have a use case to solve. Long-term, I'm bullish on BINANCE:BNTBTC , but short-term I'm staying out of it until we see some reversal. I'm seeing BINANCE:BNTBTC go parabolic here, just not in the direction we'd like it to be going in.
What I'm looking for here is short and sweet:
An end to the downward-facing parabolic line with a flattening section or quick reversal
Oversold on RSI with a quick reversal and decent volume
A continuation of this trend over several days, it will take a lot to reverse this trend
Not too much information in this post, but I'm more interested in a reversal point, not in a consistent downward trend. I'd like to hear your thoughts on BINANCE:BNTBTC ! Where do you think it's headed after this consolidation period? Are we headed for a bull run or will the bears finally take it below the 0.016 support? Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
MIOTA (IOTA) Downtrend and Possible Reversal Analysis. Tune In!BINANCE:IOTABTC has taken a beating for a while now. While I am long-term bullish about projects attempting to monetize the IOT revolution, in the short-term we have seen BINANCE:IOTABTC slip. There's an obvious downtrend channel since the beginning of the year, with a shorter-term downtrend channel shown in grey. The short-term channel is shown by running a linear regression on of the oversold and overbought points. Recently, we've broken below this channel. I'd like to see a recovery back into the channel. If we don't see that, we'll see a strong continuation of the 2 month downtrend channel. I'll keep this updated, as I'm considering selling off and taking some losses to free up funds in the short term.
I'd like to hear your thoughts on BINANCE:IOTABTC , especially if you're trading/looking to trade! Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
XRP- Possibly breaking Downtrand Line Ladies and Gentelman we're here to present you the ultimate trading opportunity !
Chart has allowed us to spot a long position opportunity based on breaking heavy downtrand line and crossing Ichimoku Cloud and MA 50. Recent history has proved us that breaking this downtrand line is crucial for possible upper movement.
Pending buy orders should be placed above Resistance Zone approximetly @0.000103798 with Target around @0.0001195 and Stop loss below 0.382 Fibonacci level @0.00094288
Remember you are solely responsible for your trading and investing decisions.
EURUSD MonthlyPrice rejecting an area of resistance & strong monthly downtrend line. Price now at a reversal area will be watching price action for clues this upcoming week
$KOOV the bears are firmly in controlWhatever the bulls think, the bears are firmly in control and have been April last year.
AUDCAD Buy IdeaW1 - Price respected strong support zone again.
D1 - Bullish divergence, price pushing higher. We want the price to break above the high at 0.9790, creating higher highs.
H4 - Price respecting downtrend line. Both directions are possible from here. In this case there are two possible scenarios to confirm bullish momentum.
Scenario 1 - Price to create higher highs and we can go long after correction.
Scenario 2 - Look for triple wave up, followed by double wave down and then we can go long with the breakout.
USDJPY rejected nicely by 61.8 FIB levelHave been looking for a good opportunity to open a short position on USDJPY. We've bounced off the 61.8 FIB level nicely, and also where we met our trend line. We've also closed below the 8 EMA.
I have 3 bearish confirmations for USDJPY, so I will be short until target 1.
Good luck trading, trust yourself, and your analysis.
To everyone's success!
Example of a Downtrend Parallel Channel on PFFPFF formed a downtrend parallel channel.
A downtrend parallel channel (bearish channel) is a continuation pattern that slopes down and is bound by an upper and lower trend line.
The upper downtrend line it is called main line and marks resistance and the lower downtrend line it is called channel line and marks support.
For a bearish channel, the main line extends down and at least two bounces highs are required to draw it.
To draw a channel line ideally needs two bounces lows, however, some traders draw it using only one bounce low.
In a bearish channel the target is to short when prices reach main line resistance and take profit when prices reach channel line support, then, wait for prices to reach resistance again and repeat.
Downtrend line has been abandoned...After the breakout of the downtrend line, retracement and the evident recovering it seems a good time for long with a non ambitious take profit... any good comment?
Thoughts on $OMG$OMG is hanging on the strong fib .786 support. If it can break out of the orange downtrend line we might see a bounce to retest the red downtrend line.
USDCHF DAILYWatch for a break above medium resistance level & break + Retest of daily downtrend line. This pair is still very bullish in my opinion but will require some patience...
EURUSD - Long / Short OpportunityEURUSD - Long / Short Opportunity
1W Timeframe
Week Trade #2
This week looking for a BUY / SELL opportunity for this pair for a total target of 282 pips.
With the Pivot Point @ 1.1945 and holding above the critical 1.1915 level:
Phase 1 Tentative:
BUY Entry Market Order @ 1.1960
T/P @ 1.2085
Believe price could go as high as 1.2140 but will take T/P at above target and begin setup for SHORT trade.
Phase 2 Tentative:
SELL Entry Market Order @ 1.2133
T/P @ 1.1976
With a clear break and hold below 1.1915, price could go as low as 1.1817 but will take T/P at above target and establish updated analysis before further trading if any.
S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 1.2075 R2 1.2032 R1 1.1988
S1 1.1901 S2 1.1857 S3 1.1814
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.
GBPJPY 4HStill have a bearish outlook on this pair, as price once again respected its downtrend line, & failed to close above 142.500 supply zone. As long as we don't get a close of price above trend line, I believe there will be more downside this upcoming week. Will watch price action earlier this week!
Trade with care & wait for confirmation!!
