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Breakdown

EURCHF | Perspective for the new weekOur last publication (see link below for reference purposes) witnessed price moving 60pips in our direction to complete a Double Top pattern before the rapid decline. Last publication on this pair I emphasized how the price was caught within a range above major Demand zone (Fr1.07800); Now that price broke down our Key level @ Fr1.07900 last week; I shall be anticipating a further decline in the following weeks. Tendency: Downtrend ( Bearish ) Structure: Reversal pattern | Breakdown | Supply & Demand | Double Top Observation: i. Price breaking down Key Level @ Fr1.07900 during the course of last week trading session emphasizes the Bearish tendencies in the market. ii. I am anticipating the completion of the corrective phase for a signal to open a position. iii. Fr1.07910 and Fr1.08200 remains a zone to look out for selling possibilities in the new week. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:4 Potential Duration: 3 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
EURUSD | Perspective for the new week240pips running in our direction since my last publication on this pair (see link below for reference purposes); EUR/USD has been caught within a range capped between $1.20600 and $1.21600 since price hit a peak @ $1.21780 at the beginning of the month. Considering the completion of a Double Top "look-alike" pattern, a counter-trend opportunity surfaces as a short-term pullback appears to be healthy for the buyers at this juncture to gain enough momentum to push the rally. Tendency: Downtrend ( Bearish ) Structure: Reversal pattern | Double Top | Supply & Demand Observation: i. The Bullish run that started mid-November 2020 appears to have found a bus stop (Supply zone) as buyers attempt to push the price beyond $1.2780 is met with rigorous Selling pressure. ii. A sharp rejection of $1.21600 area on Friday with an engulfing Bearish candles calls my attention to the strength Sellers have at this level. iii. As price finds a new Supply level @ $1.21350 towards the close of last week trading session, this key level shall be a level to look out for in the coming weeks to open a sell position should in case of price retraces back. iv. A Breakdown/Retest of $1.20600 shall inspire a second position. Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
GBPUSD | Perspective for the new weekWith over 500pips in our direction since my last publication (see link below) on this pair; The British pound has gotten hit pretty hard during the last couple of weeks after an optimistic rise topped $1.35400 early in the month. With the growing fears that Brexit talks could collapse, I am anticipating the risk of decline in price in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Reversal pattern | Breakdown | Supply & Demand Observation: i. The last couple of weeks witnessed a price going through Lower Lows which culminated in a Breakdown of Neckline @ $1.32850 last week. ii. The Breakdown/Breakout of Key level @ $1.32850 has served as a determinant of the prevailing direction of price action since on the 10th of Nov. 2020. iii. I have noticed that for every Breakdown/Breakout of this level in the past saw price maintained above/below Key level for a couple of weeks. iv. Looking forward to a possible correction into Key level in the coming week. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:4 Potential Duration: 2 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPCHF | perspective for the new weekHopes of Brexit deal wanes again; GBPCHF sinking back towards lows as it finds a haven for selling pressure around Fr1.20300. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic (AB = CD) Observation: i. Since completion of Double Top pattern in late Nov. 2020, price continues to risk further decline. ii. Previous safe haven for Buyers was finally broken last week as price tested Fr1.19100 before making a corrective move. iii. As price touches 50% retracement of AB leg, a possible Harmonic pattern AB = CD appears to metamorphosize in the coming week(s). iv. AB = CD pattern shall guide me through the path price action takes in the coming week. ii. ABCD pattern parameters explained below; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 50% currently (with a possible 61.8 or 78.6% in the future)Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EUR USD ANALYSIS clean and clear analysis on EURUSD shared BUY and SELL setup with the break out and break down of the structure 1st trade long after break out with heavy volume for the target mention in chart stop loss break down of trendline 2nd trade short after break down for the target T1 break down of T1 will leads to T2 stop loss vice versa other scenarios pull back from T1 to hit T2 or make double bottom in T1 (long) to hit T2 upper trendline breakout T2 will 1st trade Target All the best guys
by FMSmo
Predicting - Bitcoin breaks down 15%everal signals are showing that a big break down will come this week. A clear rising wedge is forming near our all time high with volume diminishing as the week progresses. Target drop will possibly break several support levels, the first being around the 18,500 mark. Support is relatively strong at that mark, however, if a large sell volume breaks through 18.5k, the next floor will be a fragile 17k. Bearish divergence continues to form a clear picture in our daily chart and RSI. This is the pull back many analysts have been anticipating after this parabolic run up to reach our all time high. If bitcoin breaks down to my target of 15.5k, this is not necessarily a trend reversal and that we are back in the bear market. The EMA ribbon has been our support during this bull market as we continue to bounce off it with every retracing.
GEMINI:BTCUSDShort
by kingcheng
1
USDCHF | Perspective for the new weekWith over 100pips running in profit since my last publication (see link below for reference purposes), the US dollar has continued its downtrend against the Swiss franc for the fourth consecutive day. Signs of a further decline in the Greenback continues to be emphatic as price breaks down and retest Fr0.90800 to make new Resistance level for future "sells". Tendency: Downtrend (Bearish ) Structure: Trend Channel | Breakdown| Supply & Demand Observation: i. Price appears to continue to respect the Downtrend that began in April 2019 as it gets caught in a Descending channel pattern. ii. Connecting the lower highs and lower lows of price with parallel trendlines support my downward trend bias. iii. Price making lower low since the beginning of the month points at the sellers' momentum at this juncture as we experienced a significant Breakdown followed by a retest of Fr0.90800 level last week. iv. For me, Fr0.90800 level shall be my yardstick (new Resistance level) for selling opportunities in the following week(s). Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward: 1:5 Potential Duration: 1 to 4 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
3
CADCHF | Perspective for the new weekThe impact of Sellers in February 2020 (Bearish Impulse leg that lasted a month on the weekly chart - ) appears to be too strong for the Buyers to gain that confidence needed to invest in the CAD. With the present Head and Shoulder look alike, I shall be patiently looking out for a significant Breakdown of Neckline and Support level @ 0.69300 to hop in the decline. Tendency: Downtrend ( Bearish ) Structure: Channel | H & S| Supply & Demand Observation: i. Despite having a Bullish structure, the CAD$0.0.69800 level has been a very stronghold for Sellers since mid-October 2020. ii. Bullish move from CAD$0.69400 (Support level) continue to be rejected @ CAD$0.69800 hence making it a major level for Supply. iii. With the present character in the market, the Breakout of CAD$0.698000 on the 9th of Nov. 2020 appears to be false as the price continues to experience weak Bullish momentum springing from the Bullish Trendline. iv. This been said, CAD$0.69300 level becomes a level to watch out for significant breakdown for confirmation this week. v. It is also worthy to note here that a significant Breakout of CAD$0.70000 level this week might render this setup invalid and an immediate shift to a rally continuation shall be activated. Trading plan: SELL confirmation with a minimum potential profit of 100 pips. Risk/Reward: 1:3 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
AUDUSD | Perspective for the new weekIt has really been a while since I visited this pair but the current structure appears to be promising as I see a defiant level packed with selling pressure @ $0.73400. The AUD/USD pair has continued in a predictive pattern with a second consecutive week in a tight 100 pips’ range since hitting its highest level in recent times @ $0.73400. Despite rallying during the trading session on Friday, we are still stuck in the same range giving the impression that Buyers at this juncture lack the momentum to push the price above its previous high @ $0.73400 hereby opening a window for a counter-trend possibility. Tendency: Downtrend ( Bearish ) Structure: Channel | Reversal pattern | Supply & Demand | Trendline Observation: i. Despite structure screaming "Bullish!", we might be in for a correction phase this week in anticipation of a rally continuation. ii. $0.73400 level has been respected since the beginning of this month at six different occasions making this a strong Supply zone. ii. A sharp rejection of $0.73200 level on Friday despite a rally insinuates there might be a Breakdown of Trendline in the coming week. iii. With the high expectation of a Trendline breakdown @ $0.72700, I shall be keeping tabs on my Demand area @ $0.72200 for a significant Breakdown which shall confirm Correction of the Impulse leg. Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward: 1:5 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCAD | PERSPECTIVE FOR THE NEW WEEKAfter taking a 200pips gain in our last publication on this pair (see link below for reference purposes), it appears we are at a juncture for a second wave of shorting the USDCAD as price breaks down my key level @ CAD1.30700. Despite making the previous four trading days in the positive territory, the USD/CAD pair rose to its highest level during the last week at CAD1.31740 on Friday only to experience a sharp rejection of this level with a Shooting star candle. Even though I have this intuition that the price of oil will surge soon, It is worthy to note that the performance of oil in the coming week shall be a significant point of reference to make a decision on this pair. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Trendline Observation: i. As price continues to respect the major Trendline since May 2020; a Breakdown of Key level @ 1.30700 on the 5th of Nov. 2020 is a clue that the Trend might continue considering the Selling pressure at this juncture in the market. ii. 1.31300 area which has been a Demand zone in the past appears to have been taken over by Sellers as this level no longer hold a haven for buyers. iii. Our New Supply zone @ 1.32000 & 1.31500 which is also forming a Double Top pattern confirms the strength and presence of Sellers. iv. We experienced significant growth in the Greenback last week but I am considering this minor uptrend to be a correction phase that might hit around 61.8% retracement in anticipation of a decline. Trading plan: SELL confirmation with a minimum potential profit of 450 pips. Risk/Reward: 1:3.5 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
EURCHF | PERSPECTIVE FOR THE NEW WEEKRisks remain asymmetric longer term as the SNB holds the downside in check and a possible global recovery in 2021 may bring some relief to the EURCHF but in the meantime, it is evident that the Bullish momentum finally begins to make a statement in the market. I shall be looking out for a "quick" temporary counter-trend opportunity on this pair in the coming week in anticipation of a Bullish continuation. This bias is a result of the Bearish engulfing candle on Friday which broke down key level @ 1.07780 which also signifies a correction phase following the Bullish engulfing run on the 9th of Nov. 2020. Tendency: Temporary Downtrend ( Bearish ) Structure: Breakdown | Pennant | Supply & Demand Observation: i. Price moves upward with pivot highs and lows converging toward a single point giving the appearance of a Pennant pattern. ii. Breakdown of this pattern suggests a possible Reversal which could be the correction phase of the Bullish Impulse leg on the 9th of Nov. 2020. iii. Taking advantage of this setup might require patience for a correction/retest of Trendline or Key level @ 1.07780. iv. I anticipate a target extension within a minimum of 50 - 61.8% retracement which might as well extend to a 78.6% depending on market condition(s). Trading plan: SELL confirmation with a minimum potential profit of 60 pips. Risk/Reward: 1:3.5 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry