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Sellsetup

2nd BEST SHORT in the entire Market right Now. MCK SHORT @ $359This trade I have been in for a while but thought I would post it here as its a similar setup to the SQM SHORT I posted last week. That SQM SHORT I labeled as "BEST SHORT Opportunity in the Market". Well this one is the 2nd Best in my opinion. Simply because it has been a little stronger stock and in a better sector (Healthcare) than SQM. Having said that this stock is up HUGE and tagged MAJOR Resistance at $374 level. It also is very over bought and was making NEW ATH in the face of a falling market. As people scramble to protect their profits this one will crater to EMA 39 on Monthly Chart which lies at $243 level. Target Price for this is $244.93. Entry was $359.06. Stop Loss = Confirmation CLOSE > $379.70. Target = $244.93. That is a 5.5:1 Reward:Risk ratio!!. As mentioned before this trade setup historically has a >85% Probability of working out EXACTLY as shown here. Recently this trade broke down from a Rising Bearish Wedge and is now well into profit.
NYSE:MCKShort
by eganon69
The crisis is here but worst is to comeUs30 has a huge divergence with Nas100 and S&P500 . These 3 index usually behave the same but lately Us30 has been making a strong bullish move while Nas100 and S&P500 are holding way below. There are multiples catalytics this mont and the following month that can help this move to happen. In my opinion the move has started with the Federal Fund Rate interest rate . The interest rate went up to 75bps. We have NFP coming up, CPI and others. The scenario is not looking good. The curve is not here yet which must likely will make the market to suffer more.
UShort
by Wiiso
2
GBPJPY I Local Intraday SHORT!Welcome back! Let me know your thoughts in the comments! **GBPJPY - 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
Short
by BKTradingAcademy
7
EuroStepping ReupThe last EURO trade posted hit my SL, it happens from time to time. However in light of renewed USD strength because of persistent inflation i see EUR/USD continuing the downtrend. "Dollar strength remains the main hindrance to recovery in the pair, but the domestic picture is still far from looking appealing to investors. Despite a smaller-than-expected slump in the ZEW expectations index, the current situation survey plunged dramatically to -72.2 in October. These are levels last seen only in 2020 and 2009.” “The easing in gas prices is likely preventing new lows, but i think the next round of dollar appreciation will heavily test that support.”
Short
by xavierNF
1
Bearish (SHORT) GBPUSD-DXY (US Dollar) is overall bullish, so I will be looking to buy/go long US pairs. -GU is in an overall downtrend and after some bearish pressure, expecting price to make a retracement. -Price formed a double top and broke below the neckline, ultimately creating a lower low. -I am expecting price to make a retracement and potentially stop hunt and test the 50.0-61.8 fib level, confirming the break of structure/testing the neckline of the double top. Please Like, Follow, Comment. What is your analysis?
Short
by NoCeilingsTrading
2
Market almost 60% share shows SELL signal be ready in some day we will seen one of the most dramatically fall in the stock market place sl on your position of hedge with future and option if your share in cash than buy index put of next week expiry or monthly expiry we will seen intraday 3 or 4% fall in nifty of banknifty i check stocks chart position that i can't get on nifty and banknifty but according to stock position all show big fall //// that is my personal view may be i am wrong but i take safe path. happy investment and safe trading.
NSEIX:NIFTY1!Short
by Share-Mechanic