Oil bearish sell setupI'm looking for oil to make a bearish setup in around this price level and target 70.
Sell-setup
GBPUSD SHORTWe see that the price didn't convincingly break that major High so i can only assume that momentum is staying Bearish.
I want to see a break of structure on that down and pullback to the upside making a higher low so i can enter the trade.
EUR/AUD SHORT IDEAEur/Aud currently rejecting out monthly high and our weekly high, could see bearish movement. Flag this pair and Watch this level and for bearish confirmation. Happy Trading.
EURUSD Sell Set Up 4HSell set up 4 Hour Chart. Price hit the 10 EMA the red line and
is showing a down sell.
GBPUSD Potential Sell SetupLooking for shorts around 1.3933 with stops around 1.3997, targets @ 1.3845 & 1.37665
Reasons to consider this trade setup
=> Trade Setup has decent risk to reward ratio.
=> Day time frame close last week was bearish.
=> Price found sellers at weekly resistance level @ 1.3980
=> Short term selling makes sense since on hourly time we have chart pattern (rising wedge) breakout confirmation
Reasons to avoid this trade setup
=> Bullish Weekly candle close.
=> Price trend was bullish for 4 consecutive days last week indicating potential change in trend for short term.
SELL USDCAD?SWING TRADING JOURNAL
Bearish invalidation still intact. So, I'm bearish for USDCAD and this is my plan
I will;
SELL USDCAD somewhere at Green Box (try to sell as high as possible)
SL ABOVE Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
WE HAVE STRONG RESISTANCE and DIVERGEN, SELL GBPCAD?SWING TRADING JOURNAL
GBPCAD still in bearish trend, and I see strong resistance at 1.71400-1.71500
You can sell at market, SL above the Red Line and TP at Blue Box
Of course, the best plan is to wait for breakout on purple line and sell at pullback (Green Box). SL above the Red Line and TP at Blue Box
It's your call !
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
gj sell feb 28 2021 pre london 11:55pm we are in an up trend but seeing the heavy downward momentum, meeting at a significant daily resistance, also hitting the 50 & 618 pullback levels,
it is sunday so a bit more risky of a set up given the day
we are at a 1 hr retest level pre london
risk 40 pips - possible reward 133pips
utilizing BTB strategy
will be moving stops to b/e when we are 20 pips in profit
feb 28 2021 pre london 11:55pm
BTCUSD Tank? (Updated)I can't fall for the hype I had to reconsider some things and look at this from a long term perspective...it has to test a support at some point. I messed up on my previous analysis. Still learning...I truly feel like bitcoin will humble itself. Maybe the new support zone is in the 20's...im not sure but I'm a rebel trader. So let's see how it goes.
EURNZD 1HR TIMEFRAME This analysis provides both buy & sell positions.
Red text boxes is for sell setups.
Blue text boxes are for buy setups.
REMINDER: I use Supply and Demand strategy (order block!). Support and Resistance I use as my TPS & SL. Always take profits/partial profits at TP1. After retracement, if price breaks and/or rejects support & resistance levels, prepare for entries and hold for more profit! If you have any questions, ideas, or concerns, don't hesitate to reach out.
GOLD Short-Term Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: GOLD formed a wedge pattern in red so now on H4 and we are waiting for the long-term sell to be activated.
Meanwhile, since GOLD is sitting around the 1900 round number and until the H4 setup is activated, we will be looking for short-term sell setups.
on H1: We are waiting for a new swing to form around our red trendline to consider it our short-term trigger and sell on its break downward.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
we will be looking for sell setups, unless price breaks aggressively above 1900, then the momentum will be shifted from bearish to bullish.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
Dropping soon?Just throwing out some ideas for the sell!! I joined market for sell at the blue horizontal line. What do you guys think?
EURCAD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURCAD is sitting around a strong resistance so we will be looking for sell setups on lower timeframes.
on H1: EURCAD formed a valid trendline in red.
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: Until the sell is activated, this one would be overall bullish.
Good luck!
EURCHF video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for EURCHF, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
USDJPY sell setupUSDJPY formed an objective symmetrical and divergence around resistance, so we are currently holding a sell.
our stop loss is above the last swing high and we target double our stop loss size.
USD/CAD: How to trade the next week (Aug 17-21)Hi traders, here's an update on USD/CAD and how to trade the pair the next trading week.
TECHNICALS:
USD/CAD has been in a strong downtrend on the daily chart after respecting a long-term falling trendline and after higher oil prices supported the Canadian dollar in the last few weeks.
The pair is now completing a correction, which can be seen on the 1-hour chart, where the price came near a horizontal resistance level and a Fib-based resistance zone between the 38.2% and 50% levels. Those levels could provide some selling pressure and resume the daily downtrend.
Zooming in further, the 15-min chart shows a bearish wedge pattern, where a break below the lower wedge support (around 1.3240-45), could accelerate a down-move and provide and selling opportunity. There's no confirmed setup until the pair triggers the wedge pattern.
A break below the wedge would target the recent lows, with an SL just above the recent H1 swing high.
POSITIONING:
Bearish positioning in the CAD increased in the previous week among all market participants (reported by the CFTC). However, positioning in the USD index remains bearish as well, except among dealers. Open interest is negative for both currencies. Positioning is overall neutral for the pair.
CORRELATIONS:
Interest rates and the price of Brent crude (inverted on the chart above) are more or less in-line with USD/CAD. The recent up-move in the pair was partly triggered by lower (ranging) oil prices, and interest rate differentials are somewhat supporting a weaker USD against the CAD.
== SUMMARY ==
My traders and I are waiting for a clear sell signal to enter a short position in USD/CAD.
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NZDCAD sell setupI'm looking for a top to be made for the day and enter on a sell. If it breaks the high, will look for weakness and possibly re-enter
EURGBP | TF: H4 | BearishOn EURGBP, the left shoulder and head has formed. Potential retrace to the previous resistance of the left shoulder, then reject following the left shoulder structure.
