Get started

Continuation

SHORT Trade Based On Price ActionThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The H4 also shows good signs of bearishness, although there are some clear signs of recent support as discussed in the video. A more conservative trade would be waiting for that support to break and the price to pull back. The H1 and lower timeframes show good signs of bearishness, with lower lows and lower highs. ====STOPLOSS PLACEMENT==== A good level for the stoploss is above the most recent resistance evident on the daily. This clears the previous lower high in the down trend and is also outside the liner regression channel. ====PROFIT TAKING==== Can consider taking initial profits on 1:1. However, if the price breaks the most recent lower low on the daily, there is a lot of scope for the price to potentially move lower. See link below for the video description of this.
Short
by NextForexTrade
2
SHORT Trade Based On Price ActionThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The H4 also shows good signs of bearishness, although there are some clear signs of recent support as discussed in the video. A more conservative trade would be waiting for that support to break and the price to pull back. The H1 and lower timeframes show good signs of bearishness, with lower lows and lower highs. ====STOPLOSS PLACEMENT==== A good level for the stoploss is above the most recent resistance evident on the daily. This clears the previous lower high in the down trend and is also outside the liner regression channel. ====PROFIT TAKING==== Can consider taking initial profits on 1:1. However, if the price breaks the most recent lower low on the daily, there is a lot of scope for the price to potentially move lower.
Short
by NextForexTrade
EGO trend reversal, looks very bearishEGOs run seems to be over for now, it had produced a continuation gap (bearish candlesticks), but that alone isn't enough to make a confirmation. After today with the 10% drop on shelf offering news.. it formed a bearish engulfing candle. Bearish engulfing also alone by itself is not enough to say bearish also.. so you look for volume confirmation. It seems we have that Double up those two candlestick patterns, along with gold making a pullback after breaking 1500... seems bearish too me. Trimmed position yesterday and will most likely close positions totally, or buy some short term puts. News seems to be coming with Skouries permit, so if that drops soon then its game on again. GLTA
NYSE:EGOShort
by JackOfAllTrades0
2
USDCHF - COmpound continuation trade entry - Short Hello all - DuncanForex here. This is a compound trade on USDCHF - USDCHF - Direction - Short Timeframe - 30 minute entry Stop Loss - above swing highs Take Profit - same target as original entries. After last FRidays 4hr chart Short entry- and TP1 hit After the retrace - I am now looking to entrer again on the 30 minute chart to add to my positions and also once it starts to fall - move my stop loss for trade positions 2 & 3. Thanks for looking Duncan
Short
by UnknownUnicorn483829
EURUSD Timeframe Agreement & Price Action For Shorts Trade setup to short based solely on timeframe agreement and price action. DAILY good signs of bearishness and signs that price could be oversold (based on linear regression channel) H4 broken support which was holding up the price HOURLY Started to show lower lows and lower highs. Entry based on seeing reversals off of either the upper linear regression channel or the average of linear regression channel. STOPLOSS PLACEMENT Using the lower highs on the hourly for stoploss placement, as shown in video. TAKE PROFIT 1:1 reward to risk seems probable if the price action pans out as described, although scope for a move beyond that.
Short
by NextForexTrade
GBPCHF SS Potential Type 2 Short TradeThis is half Trade Analysis and Half Educational : Interesting Action on the GBP pairs today. GBP has been strong for 4 days now, which we have to respect. However all the pairs are showing signs of topping out. Unfortunately, they have not set-up potential Homerun trades (where we can trade the top). Currently, all the pairs, except GBPCHF and GBPUSD, are above their Daily Kejun Sen. All of the pairs are above their 60 min KS and clouds, and all are below their 15 min KS, but above their clouds. Because of the topping price action, I won't take a long but have to respect that price can go up. The best short, imho, is GBPCHF, which is below it's Daily KS, and has a flat cloud on the 60. If it closes below the 60 KS at 1.88771, it could potentially resume it's downtrend. That said, here are the trade parameters: Entry = CLOSE below 1.1875 Stop = ?? Risk = 25 pips 1st Profit target = 1.17480 Reward = 127 RRR = 5-1
Short
by AGold54
4
AUDJPY amazing support!!AUDJPY bouncing off a pretty strong support zone for upward trend continuation. Its bouncing off the uptrend, retesting broken resistance which is now support, and if you look left the horizontal line has been touched many times including on the weekly chart. Looking for targets at around 73 for first and 74 for second before falling again. If price doesn't hold and falls below the green box then I expect price to continue downward toward the support zone around 71 and even break lower since the pair is downtrending.
Long
by 8miles
NFLX Sideways movementNFLX may move sideways and slightly higher as NFLX had a drop in subs. It dropped $45 after earnings which shook out quite a few investors. The damage has been done and it may linger sideways like previous historic drops. This all depends on how the SPY will move on the current earnings if earnings are rather flat this season I think this will come to pass however if it so happens that everything works out then it may destroy my spread. Credit was 1.23 / Max loss is 3.77 EXP September 20th. Call Bear Spread. 345/350 Target profit will be $80 and max loss is $160.
NASDAQ:NFLXShort
by Synaptic724