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Sellsignal

Bitcoin Short Signal | 4-Hour Timeframe🟣 Entry Point: Bitcoin recently lost the key support level at $68,800 with a strong bearish candle, signaling sellers’ intent to push the price further down. This break opens an opportunity for a short position. 🟢 Technical Analysis: The $65,000 level stands as an important dynamic support. This level aligns with a trendline connecting two major lows at $49,000 and $52,500. If the price reaches this zone, buyers may temporarily halt the decline. However, if $65,000 breaks with strong selling pressure, Bitcoin may likely target lower levels, indicating a further weakening in the market structure. 🔴 Key Levels: Entry: After breaking and consolidating below $68,800 First Target: $65,000, as a dynamic support level Second Target: If $65,000 breaks, there is potential for a move toward lower support levels
Short
by arzdigitalistha
GBP/NZD Hits Highest Level Since 2016: Is a Move Down Ahead?The GBP/NZD is currently testing its highest price in recent years, nearing the significant resistance level of 2.1900. This area has served as a notable barrier since 2016 and often sees increased selling interest. The price action in this zone, combined with the emergence of a harmonic pattern, suggests a potential reversal or correction. Furthermore, recent price movements, particularly the candles from October 30 and 31 breaking below the low of October 29, indicate rising bearish momentum, reinforcing the possibility of selling pressure in the near term. Bat Harmonic Pattern Structure A Bat harmonic pattern is developing in the GBP/NZD chart, providing additional reversal signals near historical resistance: Point X: The starting point of the move, at a previous significant high. Point A: The bottom of the initial correction. Point B: The price retracement to the 38.2% level of the XA extension. Point C: The second correction reaching 88.2% of the AB move. Point D (Potential Reversal Zone): Near 2.1847, aligning with the 88.6% level of the XA extension and the resistance at 2.1900, indicating an optimal area for potential sell opportunities. The Bat pattern suggests a crucial resistance level where buyers might struggle, especially considering the proximity to historical highs. Price Action Analysis and Sell Signals Recent price action further highlights selling interest: Selling Pressure at Highs: The October 30 and 31 candles broke below the October 29 low, signalling possible exhaustion of the bullish trend and indicating increased seller interest. This behaviour raises warning signals for a potential short-to-medium-term reversal. Potential Move Down Ahead Given the convergence of the harmonic pattern and historical resistance, a short strategy is advisable between 2.1800 and 2.1900. Here are critical points to consider for GBP/NZD: Potential Sell Zone : The resistance between 2.1800 and 2.1900 represents a prime short zone, combining the D point of the Bat with historical resistance. Primary Target : The support around 2.1400 corresponds to the B region of the Bat formation, typically the first target when trading harmonic patterns. Secondary Target : Should a breakout continue, the next significant support is near 2.1000, coinciding with the C level of the Bat formation. Traders should remain cautious of any breaks above 2.1900, as this could indicate a breakout above a crucial resistance level on the daily chart. Conclusion The GBP/NZD pair is in a complex technical setup, presenting potential opportunities for short positions due to the confluence of the Bat harmonic pattern and the historical resistance at 2.1900. With signs of selling pressure evident in the recent price action, especially following the candles on October 30 and 31, traders should closely monitor this region as it may signal the onset of a correction. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
XAU! 11/1 ! Gold price adjustment - NF newsXAU / USD trend forecast November1, 2024 Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold. Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720 /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
NQ is losing momentun and going redHello traders, As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296. From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade. If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760. Good luck everyone and Happy trading!
FXOPEN:NDQMShort
by YMtradingsystem
EUR/ GBP ! 10/31 ! resistance SELL NOW EUR/ GBP trend forecast October 31, 2024 EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP. H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease. /// SELL EUR/GBP : zone 1.83780 - 1.83980 SL: 1.84250 TP: 60 - 120 - 200 pips (1.81980) Safe and profitable trading
Short
by Moon-ForexAcademy
1
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024 The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation. Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down. /// SELL USDCAD : zone 1.39300 - 1.39500 SL: 1.39800 TP: 60 - 100 - 250 pips (1.37000) Safe and profitable trading
Short
by Moon-ForexAcademy
2
$IONQ : 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! NYSE:IONQ 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! 5 REASONS WHY: 1⃣ We have a flag pole pattern. The last flag pole pattern in 2023 had the same 937 bar run before it pulled back. 2⃣ Had a Multi-year Symmetrical breakout but needed to retest the breakout area. 3⃣ RSI is running into resistance 4⃣ Stochastic (Trend) is at all-time highs 5⃣ William R is hitting resistance where the stock has bounced off 4 other times. I like the name and want to HOP on this move higher, but I'm not going to jump on a flag pole without a parachute. I'm targeting PULLBACK and an entry price of $13-$14. Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 Will the Flag Pole get bigger, or do you agree we are due for a pullback? What other stocks do you want to see an analysis of? Not financial advice.
NYSE:IONQShort
by RonnieV29
🏃‍♀️🏃🏽‍♀️ Crypto market. “Sell in May and Go away”The historical pattern known as the seasonal divergence "Sell in May, and Go away" was popularized by the Stock Trader's Almanac, which stated that investing in stocks represented by the Dow Jones Industrial Average November through April and switching to fixed income for the remaining six months "would have delivered reliable returns with reduced risk since 1950." What is “Sell in May and Go away”? “Sell in May and Go away” is a well-known adage in finance. It is based on the stock's historical underperformance over a six-month period from May to October. According to Fidelity Investments, the divergence has remained most pronounced in recent years, with the S&P 500 Index (SPX) gaining an average of about 2% from May to October between 1990 and the next 30 years, compared with an average of about 7% since November to April. The Halloween Indicator's research paper, 'Sell in May and Go Away': Everywhere and All the Time*, which examined stock markets outside the US, found the same pattern, calling the seasonal divergence trend "remarkably persistent." Key Findings 👉 “Sell in May and Go away” is a saying that refers to the historically weaker performance of financial markets from May to October compared to the other half of the year. 👉 Investors can try to benefit from this pattern by switching to less risky assets from May to October based on historical data. Seasonality in investment flows could continue as a result of financial industry and business year-end bonuses, possibly aided by the mid-April U.S. income tax filing deadline. Whatever the fundamental considerations, the historical picture became more pronounced as a result of the October stock market crashes of 1987 and 2008. Bottom Line The only drawback of historical patterns is that they do not reliably predict the future. This is especially true for well-known historical patterns. If enough people became convinced that the “Sell in May and Go Away” pattern would continue, it would essentially begin to disappear immediately. All the early sellers would try to sell in April and bid against each other to buy back the assets before the others in October. At the same time, certain considerations regarding the development of geopolitical events in the period from May to October 2024 give reason to think about the prospects of such a scenario for the next 6 months. * The Halloween Indicator, 'Sell in May and Go Away': Everywhere and All the Time Ben Jacobsen Tilburg University - TIAS School for Business and Society; Massey University Cherry Yi Zhang Nottingham University Business School China; Massey University - School of Economics and Finance
BITSTAMP:ETHUSD
by Pandorra
4
The 30mn time frame is offering potential winning trades BTCHello traders, Since BTC reached the 71580 level which was a weekly major level, price started consolidating and being rejected showing a high probability of a pullback towards the 1H 70927 level. If this is the case and price breaks the 70927, wait for a retest and then go short toward the next 1H level of 70297 and then do the same thing if price breaks it downward. The other senario is that if price bounces back from 70927 and can't break it, we might see a rejection from area toward the weekly level 71580. If price breaks that level, wait for a pullback and then go long and look for the next weekly level 73907. Good luck
by YMtradingsystem
XAU ! 10/28 ! sideway move in trendlineXAU / USD trend forecast October 28, 2024 Gold price (XAU/USD) starts the new week with a slight bearish gap, unable to sustain Friday’s gains near $2,750. Persistent USD strength, supported by rising US Treasury yields and expectations of smaller Fed rate cuts, puts pressure on the metal. A positive risk sentiment also adds to the downward pull. However, safe-haven demand from Middle East tensions and US election uncertainty limits further downside for gold. Traders may remain cautious and hold off on strong bearish positions ahead of key US data this week, including Q3 GDP, the PCE Price Index, and the Nonfarm Payrolls report. On Monday, gold price moved sideways within 2 trendlines, waiting for NF news fluctuations this week. /// SELL XAU : zone 2743-2746 SL: 2751 TP: 50 - 200 - 300 pips (2716) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
5
USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024 The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY. At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today. /// SELL USDJPY : zone 153.250 - 153.550 SL: 153.850 TP: 60 - 100 - 250 pips (151.050) Safe and profitable trading
Short
by Moon-ForexAcademy
2
Continue short-term correction 2709 ! XAU⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset. However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices. ⭐️Personal comments NOVA: H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2750 - $2752 SL $2758 TP1: $2740 TP2: $2730 TP3: $2720 🔥BUY GOLD zone: $2709 - $2711 SL $2704 TP1: $2718 TP2: $2730 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
3
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024 The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY. A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday. H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down /// SELL USDJPY : zone 151.850 - 152.050 SL: 152.500 TP: 50 - 100 - 250 pips (149.550) Safe and profitable trading
Short
by Moon-ForexAcademy
2
XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024 Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement. Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term /// SELL XAU : zone 2740-2743 SL: 2748 TP: 50 - 200 - 300 pips (2713) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
6
Bearish pattern - XAU correction ! 2700⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices are recovering part of Wednesday’s decline from the record high of $2,759 early Thursday. The rebound is supported by a pause in the US Dollar's rise, as US Treasury bond yields stabilize ahead of the preliminary S&P Global US PMI data. Gold is now awaiting the US PMI data for further direction. The slight pullback in the USD and yields is likely due to improving market sentiment in Asia after Wall Street's tech sell-off. US equity futures are also recovering, helped by Tesla Inc.’s positive earnings report, which provided some relief to investors. ⭐️Personal comments NOVA: A HEAD AND SHOULDERS model is forming, long-term H2 frame RSI bearish divergence. Expect gold's correction to approach 2700 - 2680 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2763 - $2765 SL $2770 TP1: $2755 TP2: $2747 TP3: $2740 🔥SELL GOLD zone: $2739 - $2741 SL $2744 scalping TP1: $2735 TP2: $2730 TP3: $2720 Note the support zone: 2680 🔥BUY GOLD zone: $2701 - $2703 SL $2696 TP1: $2710 TP2: $2718 TP3: $2725 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
8
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity. As per our last mind, we were waiting for signs of exhaustion on XAUUSD . We have also broken the structure and our KL (Key Level) 2737 . In detail, As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737 , it has also broken the upside structure . We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685 . PARAMETERS - Entry: 2737.811 - SL: 2749.285 - TP: 2685.800 KEY NOTES - XAUUSD price is showing exhaustion. - XAUUSD broke our KL (Key Level). - The bullish structure has been broken. - Breaking above our SL would result in more upside. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
Is it time to Sell USDCAD? Interest Rate aheadThe USDCAD pair has been trending upwards steadily since 24 September, achieving a notable gain of 3.22% without any significant retracement. It is now approaching a key resistance level of 1.3880, the most significant resistance region since 2022. USDCAD overbought? The Relative Strength Index (RSI) indicated a reading of 75.53 on 21 October, suggesting a potential overbought condition for USDCAD. The RSI is a widely used indicator in technical analysis, employed to identify possible overbought or oversold scenarios. Classic Bearish Divergence on H4: On the 4-hour chart, USDCAD has formed a classic bearish divergence, signalling the potential influx of selling pressure. A classic bearish divergence occurs when the price makes higher highs while the RSI fails to keep pace, forming lower highs. This is a powerful bearish reversal pattern, particularly relevant following a significant upward movement, as is the case with USDCAD at this time. Technical Analysis Summary: From a technical analysis standpoint, we have identified several key factors: 1. A directional upward movement, accumulating 3.22% in USDCAD. 2. The RSI indicates signs of buyer exhaustion on the H4 chart. 3. The presence of a classic bearish divergence on the H4 chart. These elements collectively support the notion that USDCAD may be in an overbought situation, potentially creating selling opportunities. Sell trigger with 9-period Moving Average Recent price action has remained above the 9-period moving average, indicating a slight uptrend in the short term. However, if the price crosses below the SMA9 on the H4 chart, this could act as a sell trigger, leading to a potential decline towards the 1.3690 region within a few days. Impact of CAD Interest Rate Decisions: The Bank of Canada is currently adopting a more dovish stance, gradually lowering interest rates as inflation moves closer to control. This has been evidenced in recent meetings, with a consistent 0.25% cut implemented at each meeting. The next interest rate decision is scheduled for 23 October, with the market anticipating a potential 0.50% cut. However, given that the last three meetings resulted in 0.25% reductions, a 0.50% cut appears unlikely at this stage. If the interest rate cut is smaller than expected, the CAD may appreciate in the short term, which could further contribute to a decline in USD/CAD. Monitoring Key Developments In summary, as USDCAD approaches a critical resistance level amid signs of overbought conditions, traders should monitor these technical indicators and market sentiments closely. With potential selling opportunities pending and the influence of interest rate decisions looming, it will be crucial to stay alert to market developments moving forward. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
1
BITCOIN Takes A Dump!As previously stated. Are Buy above the level $60,000 has led to the major resistance of $68,000-$69,000. I believe will will have a major rejection leading to a plummeting fall towards $65,000 and below $60,000. Any break through $59,000-$56,000 could lead to a triggering fall towards $48,000. If bitcoin reacts negatively with the $48,000 support, this could consequently put us at a liquidation area of around $42,000-$38,500 This is just a prediction, please be safe trading. Good luck!
BITSTAMP:BTCUSDShort
by R2CTrading
39
Sold 1/2 Bitcoin. Raised Stops.Even though we did not reach my 1:2 rrr target, nor did my sell signal fire off, I am choosing to take 1/2 of my Bitcoin profit here, raise my stops, and hold the remainder of the position. I should’ve done this at 68k, but wanted to see how this market would handle the top of our channel. All along the big resistance target I have discussed has been 68k. I still believe we could break through it, however, the chart is beginning to disagree. Inside of my descending channel (which is bullish long-term) we have this ascending wedge pattern beginning to form (this is bearish). If correct and it plays out, it would take us all the way down to 48k. Sound significant? Yeah, that’s ‘cuz it is! You’ve heard me discuss 48k many times in the past. It is the neckline of a larger inverse head and shoulders pattern seen on the weekly chart below. We wicked down once in an attempt to kiss and retest. But that may not have been enough tongue action for these bears? Mark this wedge out on your charts and watch it closely. It is significant. And if it breaks? To 48k we’ll go.
INDEX:BTCUSD
by stewdamus
SIDEWAY gold! 2627 - 2660 competitive price range⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) pulled back from a one-week high on Monday, ending a two-day winning streak as the US Dollar (USD) strengthened. Investors no longer expect a significant rate cut from the Federal Reserve (Fed) in November, keeping US Treasury yields high and attracting investment away from the non-yielding gold. Additionally, disappointment over China's fiscal stimulus and weak inflation data over the weekend further dampened investor confidence, weighing on gold prices. However, ongoing geopolitical tensions in the Middle East helped gold find support above the $2,640 level during Tuesday's Asian session, limiting further losses. ⭐️Personal comments NOVA: The psychology of waiting for November interest rates was clearly shown this week. There is not much news announced, Gold price is sideways in the price range 2627 - 2660 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2636 - $2634 SL $2631 scalping TP1: $2642 TP2: $2650 TP3: $2655 🔥BUY GOLD zone: $2629 - $2627 SL $2622 TP1: $2635 TP2: $2642 TP3: $2650 🔥SELL GOLD zone: $2660 - $2662 SL $2667 TP1: $2650 TP2: $2640 TP3: $2630 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
11