Sellsetup
Bottom found for bitcoin Final too I see and expect 30-35K at least for a long drop. Feds are still raising interest rates but will do 1 more in May. The economy are feeling the pressure of the inflation but very shaky;
Unemployment is nearly almost 5 percent but might expect to hit 10 percent as the recession are coming hard landing; something bigger going to break but buy Bitcoin Wisely, choice hard to sell the high and buy new entry with big money until bitcoin hits the bottom.
Russia and China teamed up in Ukraine even Belarus just made a nuclear threat.. World War 3 will start soon and big feeling Putin will start it off using nuclear weapons.
Wonder what will happens next it is coming closer than we think will be.
Now the news out of the way ..
bitcoin is near at the resistance if it breaks out it will not go fully as we speak because the Feds still needs to finish the job to bring the inflation down. Bitcoin has to hit 30-35K in order to complete the correction and will expect Zig-Zag bearish structure and sideways consolidation; * HINT,HINT* bitcoin will forcefully collapse to drop down into a recession. Bitcoin bull run won’t start until 2024 and until also Feds finish the job.
Bitcoin halving takes place in 2024 of April.
Short buys and sells will still on a go ; trade safe and economy isn’t really in a good shape.
Gold sell setup Based on the fact that the DXY is still bullish and we could have a potential push soon i believe gold is close to fall.
This is the setup i'm looking for.
As you can see we have taken out sellers from NY session from the start of the week, this could lead to inducing more buyers now to the market as they will see a b/r happening.
So the market has now a lot of buyers trapped in this area where there is enough liquidity to make the price push down.
In line we also have a fib extension coming into play that could indicate price is about to push down.
This doesn't take away that gold could to 2000 or above. But the market knows retail is looking for those psychological levels, so they either push/drop price just under that psychological level.
That's the reason why in this case i'm using my Sl at 2000 because if we go over it ofc our sells are located higher.
But for now in-line with what potentially the dxy could do this is what i'm going for.
Cashing in on Chaos: A Short USD/JPY Breakout Sell-Stop Trade"Dear Tradingview family,
Symbol: #USDJPY
Strategy: #Breakout_sell_Stop Trade.
Trade Call Type: #Short.
Indicators: #Price_Action. #Chart_patterns, #Head_and_shoulders Bearish breakout. #RSI_Divergence. RichTL
Entry: Short when price breaks below the neckline of weekly H&S Pattern, Weekly Support line and Weekly Trendline.
Anchor Time Frame Weekly
Trading Time Frame: Daily.
Entry Price: 126.701
Stop Loss: 138.469
Take Profit 1: 112.960
Take Profit 2: 100.426
Take Profit 3: 1.10239
Risk Reward Ratio TP1: 1: 1.7
TP2: 1: 2.17
Methodology
As an accomplished and highly knowledgeable forex expert with extensive experience in trading various financial instruments, including crypto and stocks, I shall employ a meticulous methodology that entails a comprehensive examination of the price action and critical levels, while utilizing a blend of indicators and chart patterns. My approach shall involve seeking out promising trendlines, as well as support and resistance levels that may present opportunities for price reversal, with the aid of our indicators that will serve to substantiate the reliability of our analysis. Once I have completed my assessment, I will ascertain the optimal entry and exit points for our trades, in addition to determining the most suitable stop loss level that will enable us to prudently manage risk.
Analysis
My analysis of the USD JPY chart reveals a clear Head and Shoulders pattern on the weekly timeframe, supported by a bearish divergence seen on the RSI indicator from the left shoulder to the head price. Despite the price struggling on a daily support line, there are no strong indications from the daily and weekly RSI to suggest a breakdown of this support at this time. I anticipate that the price may rise to encounter resistance in order to expand the width of the right shoulder and create a double top pattern prior to breaking the current support level.
Once the support level is breached, the next move will be to proceed with a breakout of the Head and Shoulders pattern, which may potentially lead to a breach of the next strong weekly support and weekly trendline that has been in effect since December 2020. My sell stop entry will be executed once this breakout occurs, following the conclusion of the ongoing tug-of-war between the bulls and bears. This entry will be akin to a smooth descent, much like jumping down from a waterfall.
Conclusion:
Drawing from our analysis, I have identified a viable opportunity for a short trade. My take profit targets are situated at key support levels on the chart, namely S1 and S3. The RRR at S1 is 1:1.7, while S3 offers a more balanced risk to reward ratio of 1:2.17. My strategy will entail securing partial profit at R1 before trailing the stop loss to the entry point.
Overall, I am optimistic about the success prospects of this setup based on our technical analysis. However, it is imperative to remain vigilant and closely monitor the price action to make any necessary trade adjustments in response to new information that may emerge.
NZDCHF 1st try A short Trendline break confirms a SELL signal !Our first Major Target comes in at over 7.5r
We are often asked what the concept of R or R:R means.
Simplified it means for ever $100 RISKED we are looking to get back 7.5 times more,
so therefore in the case of this trade we are looking for $750 for each $100 dollars that we are risking.
Feel free to send us any of your questions that you have we are here to help and share our knowledge!
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NZDCHF 1st try A short Trendline break confirms a SELL signal!
Great risk to reward potential on this idea will enable us to take another shot at this trade if it fails after a SELL SIGNAL
Check out our other trade posted today. We are still short NZDJPY.
We are long JPY overall.
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