FLAG
Bearish Flag on the Bitcoin
Bitcoin is approaching a downtrend and a selling range in a bearish flag, and from there I expect a drop to the bottom of the flag and possibly a break of the flag and further decline.
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Easy Trading Setup For Gold – Bear Flag In The 4-Hour Hi Traders,
Looking at GOLD today which has been falling.
We have the DXY breaking out of an eight-year range, which has investors concerned and this has resulted in the commodities market falling.
We have a bear flag on gold in the 4-hour time frame.
I will be waiting for an impulsive break of the bottom-most support area of this flag.
I need to see strong volume accompany this break. Once I see this, I will wait for a small retrace back into the support zone before entering my short position.
My target will be previous weekly support.
I’m looking at a possible risk to reward of 1 / 4 with this setup ( Assuming all my criteria are met for my entry )
Let's keep an eye out for this pattern.
Hope you all have a great Thursday.
The Vortex Trader
CHFJPY - ShortI haven't shared in a while...
Big Head and Shoulders pattern followed by an impulsive break of that neckline and resulting in a nice correction to retest that neckline. Classic bearish flag pattern.
Disclaimer:
Please do not follow anyone blindly, not even me. This is only my opinion and not trading or financial advice
AUD-JPY Will Go Down! Sell!
Hello,Traders!
AUD-JPY is trading in a downtrend
Below a falling resistance line
And the pair has formed a bear flag pattern
Which reinforces our bearish bias
And I think that we will see a breakout
And a bearish move down
Sell!
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GBPNZD I Here's What to EXPECT!Welcome back! Here's an analysis of this pair!
**GBPNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
EUR-USD Bear Flag! Sell!
Hello,Traders!
EUR-USD has formed a bear flag pattern
While trading in a downtrend
Also, there is a horizontal resistance above
Which makes me bearish biased
And after we see a bearish breakout
From the flag, we will be able to go short
Sell!
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See other ideas below too!
EURUSD I Key Levels to Watch this Week!Welcome back! Here's an analysis of this pair!
**EURUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy