Short-setup
IOTA:DOWNTREND FIBO SWING 61.8% |PRICE ACTION|SHORT SETUP 🔔Welcome back Traders, Investors, and Community!
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Have a Good Day Trading !
wait for breakout wait for break out of upside of triangle for long position or breakdown downside of triangle for short position
goodluck
MATIC QUICK TRADE (SHORT)Confluence point of 1.618 fib retracement from 2 corrections, big price increase without any significant correction + trend line.
Entry 1.725-1.755
SL 1.8-1.81
TP1 1.61
TP2 1.59
Trade carefully and adjust the risk to the each trade by yourself. It's not a financial advice, just my idea on a trade.
ETH breaks below 2500!!ETH fails to break 2800-3000 resistance and breaks below 2500 with strong momentum. Next levels of support around the 2200 and 2000.
EURUSD SHORTSellers seem to have taken momentum let's see how far they can go.
Big target set at 1.20. Looking to short pullbacks on the way down.
Place your risk accordingly.
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GBPAUD, H4 - Retest of broken trendlinePrice broken and retested ascending trendline. Currently is testing resistance level. Possible move down.
Bearish TrendThere is a clear correction taking place throughout the market. FB is no different. On the daily chart MACD is in a sale and momentum is down. As well, the Heikin-Ashi candles are showing a clear downward trend. It appears that FB may be at a level of support. IF it pushes through this level of support look to short. Otherwise, it may come back up near the 20 SMA. IF, it does this and doesn't push through the 20, look for that as an entry to short.
GBPJPY H4 - Short Trade SetupGBPJPY H4
Currently sat around our 152 whole number price, resistance is around 20 pips higher at 152.200, a lower timeframe structure break and retest would be ideal, seen some big extensions amongst most ***YEN pairs...
Even USDJPY is pulling back upside towards resistance, bearing in mind we were dovish off the back of the PC yesterday evening.
USDJPY 4HR TIMEFRAME USDJPY is going to a market structure bearish movement.
if it continues to sell. I'll add more TP'S.
My analysis also works for the daily timeframe as well.
REMINDER: Always take profit/partial profit at TP1. Price usually returns back to entry to fill the fair value gap, then take off!
EUR/USD POTENTIAL SHORT IDEA 1D, 2 TARGETSGood evening FX traders, wishing you all a profitable week as always.
EUR/USD has been making lower highs in the daily timeframe. We can observe price is under pressure under the 5-month resistance from which we hope we can enter a short position with the targets as seen above.
**This is just my forecast based on my own interpretation/analysis, you are not obliged in any way to follow it.
USD/CHF About to reach the Bullish TargetGood morning traders, this time we want to show you our long-term analysis in USD/CHF, since it is about to reach the bullish target that we raised a few weeks ago.
🔸As we can see, the price had been in a downtrend for almost two years, until strong demand was found in the support zone.
🔸From there, at the beginning of this year, the price started an upward movement that had not stopped so far.
🔸Now, it is close to the Descending Trendline, which is the first bullish target on the way.
🔸Here we consider two potential scenarios:
1- The first situation is a bullish continuation. This implies that the Descending Trendline is broken to the upside. In case this happens, the next target of the move is the Resistance zone at 0.9900.
2- And the second situation is a rebound and its subsequent downward movement. In this case, we could see a pullback towards the 0.9100 area.
XAUUSD Falls!?Hello Traders
✔EUR/AUD Is Bearish and has still proven to be totally BEARISH
✔Price Is Respecting Broken trendlines leading to the downside
✔Strong Support zone needs to be broken for confirmation
✔RSI is in the bears position and is pushing towards the downside
1900 PIP Analysis
GBPJPY SHORT SETUPIn this setup, we see what may be termed as a break out from a channel to form a larger expanding flag to the downside. We'll take advantage of the 'patterns inside of patterns' to highlight short opportunities on this pair. Set your pending orders below and stop loss as per your strategy.
I'm taking on short opportunities on the GBP pairs for this week.
Comment, contributions and suggestions are welcome.
Gold H4 - Short SetupGold H4
Fast approaching that 1738 price we rejected nicely. Strong supply zone when has held comfortably. Would be an absolute sniper entry to see something like this unfold.
Also looks like an inverted exhaustion pattern, so a break above 1740 could be a break of resistance/supply and we could maybe scout longs upon a retest. Early doors still so lets see what unfolds.
NZDCAD H4 - Short SetupNZDCAD H4
Broken support with ease last week, seen a nice retest of the underside (now resistance). Looking for a confirmed second test or resistance. Based on order details supplied, another selloff down to the breakout low would still offer 1:3R.
A break in excess would send NZDCAD sinking, as long as we can maintain this CAD strength in line with it's supporting factors, WTI demand etc.
Forecast USD/JPY - DayOANDA:USDJPY Focus Sell
see more on chart!
*This is just my opinion, It may be wrong or right!
NZDCAD H1 - Short SetupNZDCAD H1
Pinned into support but not quite in to the mean of our support range, took off with no turning back (other than the volume dump we saw across most NZD markets). Resistance/TP was pinned and instantly saw market corrections.
Possible structure break with a retest due, not overly fond of trading against the NZD so would really like to see lots of confluences to confirm.
GBPJPY Setup 18/2/21SELL entry setup based on channel breakout after continuation.
SELL after breakout and 15M candle close underneath.
Watch for:
1- Currency cycling
2- Currency strength
3- Moving averages crossover on 30M and 1HR
4- MACD + Trend Meter change
5- Pivot points
6- Fibs
