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Continuation

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
DPZ Downtrend ContinuationDPZ had an over-reaction in its sell off due to skiddish market behavior which is shown in the prices of precious metals rising, as safe havens instruments continue to rise its possible that this could prevail for the remaining of the earnings season. We'll see when market leaders have their earnings. 9.45 Debit spread. 30 point wide possible max profit is $2055. I want to take a gain of at least half the debit and same for the loss. This is a medium risk high reward play. Although its more likely that it will rise and close the gap as this trend looks very different from netflix which had a similar reaction. I will exit the trade if it rises back to 270 and take a loss.
NYSE:DPZShort
by Synaptic724
EURUSD - shoulders, knees, and toesAs we close with a bounce off the ascending support zone we see a head and shoulders pattern. Couple this with the rejection off of the top of our bear channel and the looming threat of an interest rate cut, it seems short opportunities will continue to present itself. We have room to run until the bottom of the channel with questionable consolidation around 1.11230 area. Entry would be at the break below 1.1200 area with a SL right above our EMA lines around 1.1260 area.
Short
by salty_sailor
1
USDCHF SELLThere was massive amount of selling last week Thursday 18/07/2019, this is witnessed by the significant amount of volume that came in on the day followed by a massive push to the downside. Price has now retraced 50% of that move and put in a pinbar candle formation which is also a "no demand" VSA candle because there is no volume on the upbar indicating that there are no buyers, the no demand is confirmed by a massive bearish Engulfing candle, therefore we can expect price to turn around from this point and continue to sell off. There is also additional confluence with the 200 EMA acting as a dynamic resistance level , then a third touch of the downwards trendline all meeting at the 50% fib retracement. Stops is placed right above the pinbar, sell entry right after the bearish engulfing and first take profit at 1:1 with second TP at 2:1 should price break past the previous low.
by lonelytrader
2