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Breakdown

DXY Week 10th FebAfter seeing a big close on the weekly, I'm not seeing this too much as likely to push above the first target area, in the past week have seen, strong weekly closes, consolidation before falling back down again. Currently seeing a larger expanding formation, which either way is inline for a sell-off. With that being said there is still a possibility for a retest of larger tops and previous highs. Got a few USD pairs on the cards next week, so will be seeing how the DXY plays out. I think from now on, every week I'm going to do a short DXY breakdown, hopefully people find value from it?
TVC:DXY
by AaronSLuce
GOLD patterns bigger picture so just have a look right at both price bars and ask yourself at this current moment do you really think gold is still gonna move higher ? yes might creep up a little bit more but this does show more signs for moving lower again at some point in time my overall bias for gold is to move higher eventually but i cant see this happening anytime soon and just look at the size of the last corrective phase ? course there's going to be buys and sell within this structure zoom out and just look at price action this tells you everything you need to know but yes this could all fail and gold could just fly to the moon but just be aware that this shows signs of moving lower hope this help a few as i've been getting a lot of messages about gold this is just what i see has anything can happen hope you've all had a great weekend lets get some profits :)
OANDA:XAUUSDEducation
by LucasMatthew
SWN Breakdown to New Local LowsIn this chart we're looking at SWN on the 1D chart as price has consolidated into a rectangle. Price has broken down through the horizontal boundary around $1.78 and has confirmed the breakdown after printing a 1D candle through the $1.73 area. This rectangle has a price target of around $1.11 for about a ~37% gain. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
SShort
by TheLuckyS7ven
1
GBPCHF Bearish Head & Shoulders Breakout In The Sell ZoneGBPCHF on the 4 hour chart broke down from a key support area after the market retested the backside of the trend line in the sell zone, the market created a bearish crown above that support area, now the market broke below, breaking out of the crown formation, the market is a little bit low already so i'm going to wait for the market to pull back to the downtrend line which will then also align to the past support, and there im looking to short. I hope this was helpful to you, if yes please hit the like. Thank You
Short
by ElyaStein
1
#eurusd - On support now, 240 #forexHi guys, I have been really busy today so the update on 240 for EURUSD comes a bit later than planned. EURUSD has been pushed back to this now relevant support trend line on the 240 interval, after loosing the Quarterly and the Monthly Pivot at the same time. Generally this could still be simply a breathing and retest of this area in order to grow further and above the Quarterly Pivot. EURUSD is pausing here because buy orders are kicking in, although at the current time I don´t see any specific reversal sings, that bring the price back up, we need to watch further what happens on this level and potentially short the breakdown. (Especially watching out for Pullbacks, Engulfs or Stochastic Break Ups/Downs providing good odds to growth until the white key-level or decline, meaning both directions!) Technically the breakdown from the top pattern is not at the 100% target yet, with all the support going on down there, doubting it will be reached just like that. Please note this is a potential buy-zone rather then short, but be prepared for both directions and react instead of assuming. As usual marked the next significant levels. Neru
by Gl4diator
Bitcoin, 3 possibilities.Well the inverse head & shoulders has played out perfectly. My entry at $6,860, and then stop-loss at $7,795 netted me a 13% gain in 5-days. So now where?! Option #1 - We surge, today (tomorrow at the latest), to $9,000+, break out of the 6-month downward channel and go on a new bull rally. Option #2 - We break down to somewhere between $7,000-$7,700 and hold there and wait for rebound out of 6-month channel, sending us into bully rally. Option #3 - We plunge below $7,000 and head probably into sub $6K range, with my target near $5,800. I got stopped out at $7,795, but then got pulled back in @ $7,870 due to the bullish engulfing candle on the 15 min chart. I may be over-trading this play, but I want to keep profits but also don't want to miss a rally above $8,000. Time will tell. The "options" are in the order that I see most probable. Reminder, don't trade emotions, trade the charts and your strategy.
BITFINEX:BTCUSDLong
by GunMoney
JetBlue BreakdownThe daily chart of JetBlue created a cup & handle type pattern but the price has broken down today out of the symmetrical triangle pattern it had created in recent days. The price has come close to touching my initial price target before finding some buyers again. Note that the initial price target is near the 200-day EMA line as well, an important level for this stock to hold. There is not a lot of volume supporting the price before reaching the $17.30 price range should the price break its 200-day EMA.
NASDAQ:JBLUShort
by Chartimistic