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GBPUSD sell idea ***GOOD RISK TO REWARD RATIO***We find GBPUSD in a 4 hourly bearish channel. Following an exhaustion to the up side, we will be looking to jump onto sells as we see upward momentum being lost on the 1h timeframe. Sells will be entered upon retest and denial of the 38.2% fib level as shown, where we could see a big push downwards to the 1.22270 price level. We find this to be a high probability trade, with a RR of 3.95 and is very well worth entering. Remember to trade responsibly and with appropriate risk management. Happy trading!
Short
by Tradesman1996
1
GLOBAL EQUITIES BULL TRAP | FURTHER DOWNSIDE EXPECTED Often in downside and upside moves of large magnitude, a phase is present where a large correction occurs. This is known as a Bear or Bull trap, respectively. It is reasonable to say that we could be in a bull trap right now with stocks up by almost 30% An average market cycle high to low has been in the region of 50-60%. This would bring price to strong support and a reasonable area for a rebound (Buy Zone) This assumes that this downside cycle will be of the same level or worse than the previous downside cycles. The reason for such an expectation is due to the extremity of Covid-19 in terms of unemployment, trade, demand shock and other macro-economic metrics/indicators. Also the fact that the pandemic indicates a more longer/severe cycle due to the nature of the event being so complex and impactful. VERDICT: Signs of a bull trap are becoming increasingly more noticeable and this, along with the extremity of Covid-19, indicates that the crash is expected to continue further.
SP:SPXShort
by JayanVarsani
MOMENT OF TRUTH FOR BITCOIN | BREAKOUT WITHIN 36H Bitcoin to breakout within 36H (12:00PM - 10th April UTC) Expected downside breakout. Regardless of the direction, this will be a key zone where a breakout will occur Note, ascending wedge has been adjusted from my previous post. Adjusted lines show that this pattern is still intact and is yet to be invalidated Also note that leveraged longs are beginning to stack across all platforms. Leveraged longs are to be used as a inverse indicator; as longs stack, price falls Daily Chart 4H Chart 1H Chart
COINBASE:BTCUSDShort
by JayanVarsani
AUDJPY Possible Bearish Continuation Price floating below the long period SMA 200 (red) and trading under the weekly and daily pivot point already indicting bearish sentiment for this pair. Comdolls aren't doing well and the risk bets are not good so far which we can see from the price action in most of comdolls related pairs like au,uc,nu. Yen and dollar ruling over the market this week so far which let me think that this pair might drop further lower if market mode are in risk off.
Short
by Anatta0
2
EURUSD SHORTWe an observe EURUSD in a downtrend as well as massive bearish pressure after breaking multiple historically major reversal zones. Here is a trendline indicating the direction of price as well as the marking of various major zones. Price looks to be doing a minor pullback before my predicted fall once again. I am looking for Bearish engulfing candlesticks on timeframes such as the h1 for me to join this downtrend to my next level. For any further inquiries kindly contact me on Instagram @avesworld2715
Short
by AK2715
USOIL Potential Bullish MovementUSOIL Potential Bullish Movement we are waiting for a momentum candle close above 25.30 to buy this one Reason: 1- Regular Bullish Divergence on MACD (in red) 2- Objective Channel (in blue) 3- Support Round Number 20.0 from Daily (in purple) Three confluences are enough to consider Buying USOIL, after a break below 25.30 (in gray) ** unless price breaks below our lower orange trendline and blue dots, then a downward movement would be expected before going up
TVC:USOILLong
by TheSignalyst
USDCAD Weak Bear!Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long as this contagious virus doesn't stop pressurizing the world creating a further financial crisis that will not be ok thing for a currency like a loonie.
Long
by Anatta0
5
GBPJPY DAILY TRADE SETUPSPrice has been in a Bearish downward move. Price is taking a Bullish Pullback. Price will either continue Bullish upward move or reverse and continue Bearish downward move. Bullish Long Setups. Entry points long found on a 15m chart. Take Profit levels found on fib retrace levels. Bearish Short Setups. As Price moves upward, it can retrace at different fib levels and continue its Bearish downward trend. Entry points long found on a 15m chart. Take Profit levels found on fib retrace levels. 15m chart Entry points will the Break-Hook-Go candle patterns at different fib levels. Find your own Stop Loss points.
by Tradingstrategyguides
1
USDCHF LongLookig at the Daily & 4Hr timeframes we can see a strong bullish momentum since the 9th March. We now have a retracement into the 'Golden Pocket' with price appearing to reject the level nicely. I am being mindful on this pair as there is still over an hour until the candle close and price may push lower to test the 50 EMA before continuing the bullish momentum. I will be aiming for the -27.00% fib on this trade with entry just above the 78.6% aslong as we see confirmaiton in the form of a reversal pattern/candlestick.
Long
by GeorgieMort
2