Get started

Necklinebreak

USDMXN on head and shoulder 🦐The market created and head and shoulder pattern between wthe 0.382 and the 0.5 level of the fib retracement. If the market will break below the neckline we can set a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
GBPCAD > Long Trade Idea!!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #GBPNZD now we have broken the neckline and have not yet reached the structure level I predict a continuation higher to 1.72200 area. i will look to get involved with members inside the signal service in a long trade if provided us a chance to ⚠ Please note the ideas is valid only if it happened as I said above Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only
Long
by TheTradersAvenue
USD/CAD SELL SIGNAL Hey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Market-Sell-Order: 1,40255 Stop-Loss: 1,40775 Target 1: 1,39600 Target 2: 1,39250 Target 3: 1,38660 Stop-Loss: 52 pips Risk: 1-2% Risk-Reward: 3,06 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Don`t forget to follow me.
Short
by Trading2ez
5
{SWC}——TGUAN, Double Top or Potential Breakout?Thank you for your continued support :) Strategy: Bollinger Band Breakout Bias: Bullish. TGUAN traded actively with average volume after the correction phase done at support 3.30 back in early December. TGUAN challenged RM3.65 earlier. The profit taking activity brought TGUAN back to retest support at 3.30. TGUAN recently challenged again recent high resistance. It closed at 3.66 above Bollinger Upper Band. If TGUAN successfully made a neckline breakout, SWC believes it can achieve 4.00 based on the accumulation. Time needed. 3.88 will be another crucial resistance zone which to take note for. S: 3.58, 3.50 R: 3.88, 4.00 If you find this idea helpful, dont hesitate to drop us a like and welcome to comment below! :)
MYX:TGUANLong
by ShareWorldConsulting
EUR/JPY: Day-Swingtrade-OpportunityHey tradomaniacs, welcome to another free signal! Important: Wait for the retracement back to neckline-area and previous trendline before you sell. ----------------------------- Type: Day-Swingtrade Market Sell: 121,260 Stop-Loss: 121,790 Target 1: 120,650 Target 2: 120,310 Target 3: 120,000 Stop-Loss: 53.0 pips Risk: 1-2% Risk-Reward: 2,33 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
TSLA Short to 180Ahoy there mateys! Let's dive right in. TSLA fundamentals are arguably weak, the EV market is becoming more and more competitive. We're seeing strong entry into this market from the likes of Volvo, BMW and now even Porsche has a nice EV coming. We can also see demand softening for TSLA clearly evidenced by recent price drops on the vehicles. In a period of rising demand, you do not lower prices, therefore you can infer we are seeing weaker demand for TSLA's offerings. TSLA stock has long had a price in moat on the EV market which is arguably being eroded as others develop their technology. TSLA also has some potential liabilities related to Elon's loud mouth and defiant attitude towards the SEC and that really doesn't have much in terms of upside, but plenty of downside. Another speculative component of this short, the really high turnover in TSLA's financial and accounting departments. Especially after a quarter of posting record revenue and EPS. You have to wonder if there are some greater accounting issues at play when you see senior accounting staff quickly departing the company. Now, we can tear apart TSLA fundamentals all day. Looking at this from a technical and pattern oriented perspective we have a great short opportunity lining up. An arguably overvalued business with success priced in, facing a lot of uncertainty, is a prime short. We can see head and shoulders pattern forming on the weekly chart. The neckline has now broken and we are seeing the price fall below the 200 MA line (consistent with the neckline of the head and shoulders pattern). We can also see the 50 MA crossing the 100. I think we will see a reversal of the long-term uptrend, signaled by this neckline break, and TSLA should fall sub 200 as it searches for its next support level. A fib 78% retracement puts us at the 180 price level. To be fair, I've been trading this short since 280 -- now with the neckline break and this fall under the 200 MA I have increased confidence in this short and am entering a larger position. I'm expecting this to be trading sub 200 by the end of June 2019. I will be keeping an eye out for any price bounces to increase my short position. This is not investment advice, just my own thoughts and analysis. Trade at your own risk. Thanks for reading!
NASDAQ:TSLAShort
by Captainsmugglebutt
3
DOUBLE TOP REVERSAL PATTERN BTCUSD 30MStep #1: Identify the Phase of the Market. The Double Top reversal needs an uptrend. Just because you can spot the double top reversal it doesn’t mean you have to jump in willy-nilly. Remember, we need the right context and everything needs to line up for a good double top reversal. So, the first step is to identify the phase or the market condition. At any given moment the market can be trading either up, or down, or it can go sideways. As we previously established the Double Top reversal needs a prior uptrend. Since this is a reversal trading strategy, we first need a prior trend. Otherwise, we end up trading just a ranging market. This is something we want to avoid, particularly if we trade the Double Top reversal pattern. Step #2: The historical precedent. An A++ Double Top Reversal is composed of 2 Rounded Tops The second step of the Double Top chart pattern strategy is to find what we call the historical precedent or a chart pattern. We don’t want to make a trading decision without price confirmation and in our case we use the double top reversal pattern. You need to identify two rounded tops in order for the double top breakout to be considered tradable. But, what is a rounded top? In technical analysis, a rounded top is simply a price formation that typically occurs after an uptrend, prices move upward and then quickly roll back downwards creating a dome or sometimes an inverted “V.” Now, of course, that depending on the double top reversal structure the inverted V top will vary in size and magnitude. But the idea is that we need a quick move up followed by a quick move down to define a rounded top. Note* A valid double top reversal has two rounded tops Let’s move forward to the third criteria of our double top chart pattern strategy. Step #3: Allow a maximum 10 pips variation between the two tops. Don’t seek perfection, because in trading you need to get rid of your idealistic mindset as the double top reversal will not look perfect all the time, so be flexible. This is the reason why we need to allow a maximum of 10 pips variation between the two tops. The probability of two tops happening at the same exact price level is almost impossible. You’ll often find that the two tops have slight variations, but they happen near the same price zone. What is more important is the closing price, which can align perfectly if the location of the double top pattern is good. So far, so good. Now we to determine an entry technique for our Double Top chart pattern strategy. See below: Step #4: Sell when Double Top breakout candle closes below the neckline. After we identify the phase of the market, and the characteristics of a good double top reversal we need to wait for confirmation that momentum is shifting. The Double Top breakout candle is our signal that the momentum has shifted and it’s what it confirms and validates the double top pattern. You’ll see the double top breakout happen over and over again, but it’s important to analyze them within the context of the market trend. The next logical thing we need to establish for the Double top chart pattern strategy is where to take profits. See below… Step #5: Take Profit equals 2, 3 x times the distance in price as measured from the highest peak to the Neckline The minimum profit target for the double top pattern is approximately equal to 2 or 3 x times the distance in price as measured from the double top to the neckline. If we project the same price distance 2 or 3 times more to the downside we obtain our first take profit zone for the Double Top chart pattern strategy. The double top pattern can produce a major reversal so we advise you to be very flexible with your profit target not to miss any big profit opportunity. The next important thing we need to establish is where to place your protective stop loss. See below… Step #6: Place the protective stop loss slightly above the resistance created by the Double Top reversal The Double Top chart pattern strategy gives you a simple way to quantify risk because you can place your protective stop loss slightly above the double top pattern The double top pattern really gives you the opportunity to also trade with a tight stop loss, which is great as we always want to keep losses at minimum. Note*** The above was an example of a SELL trade… Use the same rules – but in reverse – for a BUY trade, but this time we’re going to use the double bottom pattern.
BITFINEX:BTCUSDShort
by Tradingstrategyguides
ETH/USD - Potentially Head & Shoulders - trade the break downNot confirmed yet, but it looks like there is a pretty high chance that the price will retrace from the current levels, which will indicate that an H&S pattern will be formed, which means the up-trend reversal. As a result, it would be reasonable to open a short position on the break of the neckline. A 1-hour time filter (candle close) should be applied as a trigger for the trade. SL above the second shoulder and TP based on the Minimum Price Objective. Support my analysis by giving LIKES and FOLLOWS. It helps the channel grow and motivates me to post free content.
BITFINEX:ETHUSDShort
by CAS_Trading
2