NZD/CHF Break downKeeping it as simple as possible with a clean chart and good explanation. Hope you will enjoy and profit.
Looking at the weekly and daily time frames, the price is making lower lows and lower highs which indicates a downtrend market structure which is why I am only looking for short opportunities on this pair.
After the 0.786 retracement price made a new low and came back to test the last lower low and was rejected.
A possible new target for this pair is the 0.618 extension level which matches with the monthly S&R level which is around 0.5775.
Also, see my 4-hour analysis of this pair for a more in-depth analysis.
Downtrend
BTC/USD continues down, clearly a bull trap - good luck fellasThis is a continuation of my last post, trap has been activated. (wicks play tricks)
Drop a boost if you like the content.
I see potential in the start of the next month but short term within end of this week and start of the next it looks ugly.
Nothing I say is financial advice and/or should be taken as such.
I am just a nobody and you should not take anything I say/write into any consideration, as I am dumb as a tack.
BTC/USD is going down - Clearly a bull trap - good luck fellasI see potential in the start of the next month but short term within end of this week and start of the next it looks ugly.
Nothing I say is financial advice and/or should be taken as such.
I am just a nobody and you should not take anything I say/write into any consideration, as I am dumb as a tack.
GBPNZD | Perspective for the new weekThis is a follow-up detail on my previous analysis as my bearish expectation appears to be intact (check the link below on my tradingview platform for reference purposes). This video explains how I plan to take advantage of a trend continuation to the downside with a caveat.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
Update SP; Still going down!SP for now unchanged from the main analysis. Still the target is 2700-2000 with an emphasis on around 2000.
I see the current increases as a correction in the downtrend. I currently have four stop levels:
Now, 3940, which is the old range of wave N, largest wave in the entire decline;
4040 – the second range of wave N of the current increases;
4137 – KIJUN W1; very strong resistance.
4220-4270 – the third and fourth ranges of wave N; TENKAN MN1 and the cloud on W1.
At each of the levels I will try to take a position – if I am not on any other indices – after confirmation from the lower intervals.
The level I am most interested in is 3, except that I don't want to succumb to the 'best level' emotion so as not to miss the opportunity.
Focus and patience. GOOD LUCK!
UKOIL headed downGood day friends... spotting reluctance has really helped my understanding. From avoiding being caught in the wrong direction to forecasting, to setting targets....spotting reluctance just puts probability on our side... isn't that what we want as traders? to put probability on our side? So you may ask, how do we spot reluctance... going back to this UKOIL chart, I am not personally on this sell because it didn't meet my entry criteria, I was actually looking to go long but what did price do? It retraced into the demand zone , just wicked it slightly and proceeded very close to my target and then headed back to the demand zone.... what you just read is what I call reluctance …. its shows slowing of price and a possible reversal in place... once spotted my bias changed to bearish immediately... I was bearish on USOIL anyway (just didn't get an entry because it moved too impulsively)… with all these said.. we might just see UKOIL heading down as depicted on the chart.
NZD USD short in H1In the daily chart we see an "inverted hammer" candle pattern which should be considered as a bearish sign for the chart. Moreover the chart was on a bearish rally and it has consolidated its previous downtrend more than 50%. So we go for a lower time frame which is 1 hour and we look for down trend. If we look propper we will see a head and shoulder chart pattern and a broken trend line. The combination of these three signs will convince us to open a short position.
Head and ShouldersAs there is clear Head and shoulder pattern formation its a signal of bearish move lets wait for breakout and retest as there are High chances of aggressive selling after breakout lets wait and watch,whats next for NZDUSD.
Trade safely and let me know your views on this in Comments.
US30 - Dow Jones Short Selling set up
Selling Set up for down
After good Recovery on daily chart. dow are tend to go bullish for 1 week.
between that upside move, price are looks bearish in 1 hour chart.
trend is down on 15min which is good indication for selling.
On Execution time frame(5Min) good zone Are there.
That's why shorting is goo till 31373
GBPUSD BEARISH IDEAHello My Fellow Traders
GBPUSD has been in a down trending market for a couple of months so technically observed and analyzed it has a high probability of continuing in its rally as observed in a 4hr chart it has rejected a minor resistance and there is a pin bar candle that signals the change in market direction as the price have been down trending in a 1hr chart minor trend.
YOU ARE ALL WELCOME TO COMMENT AND SHAIR YOUR IDEAS ALSO YOU MAY FOLLOW ME AND LIKE THE IDEA IF YOU ARE IMPRESSED.
ETH ideahello my Friend. In this analysis, I will give you an idea of Ethereum movement .Based on the original movement of the market, we have a small upward movement (correction of the downward movement in the high time). After finishing the correction, we will have a downward movement to around 500-600 dollars