Get started

Bearish Trend Line

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.
by ALSM59
HMC / Bearish Retest / Short-Strategy / Short-TermThis is a chart I made mapping out some Support/Resistance lines for HMC which is on a downward trend long-term. The Old Support / New Resistance candles, as well as Old Resistance / New Support candles, are all marked and match with a connection line displaying the correlation. There are 23"soon-to-be" bearish old support candles which I think will have bullish new resistance candles in the next 2-3 days. Planning for a Bearish Retest Bounce (based on the 3 previous day black candles) so I can later short the stock. Thinking of entering STO at $27.80-ish area for the bounce and then exiting BTC at $27.50-ish, shorting the stock. I'm assuming this trade will take roughly 2-7 days based on previous data. I'm extremely new to trading, just started learning June 25th, so please let me know what you think of the plan and if you have any ideas about what I could do differently or change. I am also open to ideas on PUT orders.
NYSE:HMC
by rei_marshall
USDCAD Sell Ideain this pair my long term view is still bearish. W1 - Suggests down moves. However we are still moving inside a channel and price just bounced from it. We can see it back on top, until 1.3550 level is holding we will be looking for sells. H4 - Bearish trendline slightly higher. We may expect the price to find strong resistance around 1.34 level. Price is already inside the sell zone (23.6% - 38.2% Fibonacci expansions zone). So starting from here, up to the trendline, we can look for sell opportunities.
Short
by VladimirRibakov
USDJPY H4 - return to declines after resistance testUSDJPY on H4 chart is in a downward trend, where lows and highs are at lower and lower levels. Last week there was a correction of bearish impulse which began on June 2nd. This correction has reached confluence of resistance, where horizontal area 110.65 converges with downward trend line from 11th of May this year. In that place bulls gave up and pair returned to declines. If the downward trend is to continue pair has to return to the last low around 109.11 and need to break this resistance. Further depreciation should drive pair to 108.37.
Short
by Comparic
USDJPY H4 - return to declines after resistance testUSDJPY on H4 chart is in a downward trend, where lows and highs are at lower and lower levels. Last week there was a correction of bearish impulse which began on June 2nd. This correction has reached confluence of resistance, where horizontal area 110.65 converges with downward trend line from 11th of May this year. In that place bulls gave up and pair returned to declines. If the downward trend is to continue pair has to return to the last low around 109.11 and need to break this resistance. Further depreciation should drive pair to 108.37.
Short
by Comparic
Downtrend ContinuationDISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". This week I'm keeping my eyes on the Euro / New Zealand Dollar pair. Its been on a down trend for a while now and could be hitting structure from 2015. The channel looking beautiful. At the begging of the month (02/07/2017) the price hit a previous resistance price and bounced. This past week we hit a bit of a side trend so now we are just waiting for a break. Meaning are we looking at the next new low? Or are we looking for a wave to continue the resistance line.
Short
by EdwardFabianRamirez