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GBPAUD HERE COME THE BEARS FIRST TARGET 1.83500Good evening from the UK I have decided to capture a snap shot of the weekly time frame. As you can see running in an upward channel we have 3 success full swing highs and the 4th was held at a monthly resistance not allowing another bull run to the upside with buy exhaustion coming into play around the price of 1.88700. Highlighted is a Double top with last weeks closure as a shooting star showing potential bearish signals to create a new higher swing low. I have some great key levels I will be working towards. We also have the perfect countertrend line break retest and continuation to the downside.
Short
by Travis_duncz
CADJPY HERE COME THE BEARS 81.500Good evening from the UK as you may have seen on my Instagram story (travis_duncz) I entered short on this pair. CADJPY for the month of March we have been in a downtrend. I have a had a breakout of a trend line with a strong bullish candle on Monday April 1st. However i see this as a false breakout. Many traders would presume the momentum would of continued to the upside. Well April fools! That isn't the case. Monitoring lower timeframes we have had rejections of 83.800 similar to our daily timeframe during the middle of march with multiple doji's and spinning tops. Guys we can also say we have a 'Corrective Double top' read up on this charting pattern also suggests bearish momentum. Throwing into the mix also is a Daily hanging man. It is 20:00 in the UK so i do have 2 hours for this confirmation. However if the daily candle today closes as a hanging man which has formed at the end of this 48 hour uptrend I have my eyes set on a definite swing low. Now being conservative you would want to wait for perhaps 4H timeframe closures beneath the wick of the daily candle for a certified entry. My purple daily key level of 81.500 being my First target. Now its important to know your pairs. Majors exotics etc. Me knowing this pair I could take all week to hit this target but you need to adapt trading entire to your own technical and psychological comforts
Short
by Travis_duncz
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