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Short On EUR/AUD SELL SELL SELL !!! Reasons For -Firstly after bouncing of 1.6000(Our key level) we have been very bearish as you can see -Also we have been putting in Lower Lows and Lower Highs -We have also cleared our key level at 1.55000 and have been putting in bearish movement -Now we are trading below 1.5500 the only smart thing to do is to sell as we can clearly see strength to the downside -The previous 4 Hour candle was a bearish hammer with a nice long wick showing us more sellers then Buyers -This candle which is just closing now is a big bearish candle which gives us more confidence that we are favouring the downside -On the four hour we are clearly downtrending so we will do the smart thing and go with the trend ... The Trend is your Friend ;) -We are also formed a head and shoulders and now we have broken the neck line this just adds to our confluences :) -We also have lots of long wicks to the upside which is a nice to help with which way price wants to go and whos in control Bears or Bulls and in this case the Bears are in control (Sellers) This pair on the 4 hour time frame is very bearish in my opinion On the daily Timeframe -We have a clear down trend forming Of our key level 1.6000 -the previous day candle stick was a nice big bearish candle -Todays candle is froming a nice long wicked bearish hammer :) And we can see clear waves being implemented -And the weekly we have had 3 non stop weeks of bearishness -Also on the weekly we have nice long wicks to the upside which is a nice little confluence :) All these factors put my bias at bearish My entry is 1.53056 GoodLuck to all trading this pair with me :) P.S I MAY CLOSE EARLY BEFORE THE NEWS AT 3;30 AM GMT !
Short
by ARFXC
25
Short on USD/JPY SELL SELL SELL !!! (Risky) Reasons for - Clearly price is putting in lower lows and lower highs (Clear Downtrend) - Price broke key level at 120.00 A week back so we maybe heading to next key level ? - Price has put 3 touch on short term 4 Hour trend line - Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing so clear sign the sellers are in control at the moment pushing price down - We are creating a type of right angle triangle with key structure level (Meaning a strong push of the breakout will occur) - Daily - Previous daily candle was a bearish hammer - On the daily we are clearly down trending so we are following the trend (The trend is your friend) - We are also making lower swings - Price is trading bellow previous key level before cleared on the daily and weekly (A sign that we are looking to go to lower level if enough momentum) So all these confluences clearly show more potential to the downside therefore i will be entering My ENTRIE WAS 117.216
Short
by ARFXC
2
Short on US30 SELL SELL SELL !!!I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to signify economy in a recession - The possibility of QE4 ? - A possible world disaster ? i can keep going on in regards to such things but ill keep it short TECHNICALS - Price has hit a all time high and after the US30 booming for around 8 Years isit time for a change ? - Price found strong KEY LEVEL (RES) at 18000 - Price is now down trending - Price has put in lower high and lower lows - Price has broken many key Trendlines - Also price is on the verge of breaking a key level (SUP) at 16000 - If price breaks that key level we will possibly see a huge drop to the downside I can go on abit more too but i am sure you all get the idea i am portraying i do believe and confident of the drop too 8000/7000 :) so here we come 8000 POINTS PROFIT ;)
FX:US30Short
by ARFXC
12
SPX500 Massive Multi Year Head & Shoulders Top On The Final TurnI've been watching this massive multi year 'head & shoulders top' take shape since the bounce at 1833 in August, after that big reversal that forms the 'head' at 2137. After today's sell off it's bearish potential should be undeniable to most. Considering the massive amounts of credit that have fuelled this bubble the debt deflation that will force the coming sell off should nothing short of frightening. Trade carefully.
FX:SPX500
by UnknownUnicorn59736
4
AUD/JPY - To repeat the breakdown of 2007/2008? Time will tell!Summary: All signs are pointing to a significant breakdown in the AUD/JPY... Commodity currencies are under extreme pressure due to a global slowdown and suppressed commodity prices. In an extremely volatile and high risk market, investors will fly back into the Yen as a safe haven and dump commodity currencies. We also have upcoming rate cuts coming out of the RBA, as well as a housing bubble that is soon to pop. The crash in the Shanghai Index as well as slow growth out of China will put further pressure on the Australian Dollar. Technicals: We have broken a significant 7 year trend-line on the Quarterly + Monthly Charts indicating upcoming bearish pressure We are also resting within the 200/250 EMA's on the weekly chart. If we break below these EMA's, I believe the AUD/JPY will start to turn. Be on the lookout for a possible EMA Death Cross in the near future Looking at the daily, we are starting to put in lower highs and lower lows which may drive the AUD/JPY lower. This is something I will be keeping an eye on....
Short
by LoneWolfCapital
Return to the breakdown zoneIt's hard to define exact levels of resistance around this area, but we seem to have a descending wedge into strong support here in the $210s, which should result in snap back up for a correction. After that is anyone's guess, but I'm still leaning toward a long term bear market. Given the oversold condition, I would say a snap back to the $240s is likely. There was a good breakdown trade opportunity at $235, but I missed it. That said, I think there will be more shorting opportunities in the future. Volume is nothing spectacular at this moment, so we should see a break in the selling soon.
BITFINEX:BTCUSDLong
by MoonTrader
11
AUDNZD DAILY SHORTIM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). Another confluence is this trade setup is in line with the fundamentals because the RBA (reserve bank of Australia) said there is a possibly there could be another rate cut in the period ahead.
Short
by remelthomas
1
AUDUSD 4 HOUR CHART SHORTI'M ALREADY IN A SHORT POSITION BUT IF PRICE RETRACES UP TO MY SELL ZONE I WILL LOOK AT PRICE ACTION TO ADD IN ANOTHER POSITION AND TARGET 0.75000. I STRONGLY BELIEVE WE CAN GET TO THERE IN THE SHORT TERM BECAUSE THE LABOUR MARKET IN THE U.S KEEPS COMING OUT GOOD WHICH WILL HAVE INVESTORS/TRADERS SPECULATING A RATE HIKE AS EARLY AS JULY. ON TOP OF THAT AUD CURRENCY IS STILL OVERVALUED AND THE AUSTRALIAN GOVERNMENT SAID HE.LL LIKE TO SEE AUD REACH 0.75000 WHICH IS ADDED CONFLUENCE THAT ITS ONLY A MATTER OF TIME UNTIL WE GET THERE. AUD IS DOVISH WHILE THE FED IS HAWKISH SO WE'VE GOT A GREAT DIVERGENCE ON THIS PAIR.
Short
by remelthomas
1