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Short-trend

EURUSD Sell Setup Idea, Trading with Higher Time Frame TrendHere we have a sell setup Idea, Selling at a 1Hr Zone Pullback The Risk to Reward is worth it when trading with the trend. Momentum is Bearish on the HTF's We have a clean range to fill on the daily/weekly Timeframes down to 1.10 The USD Dollar is in Momentum Stock Index fear has stabilized, but still has the market thinking twice. I believe I am correct but I am okay witht he market proving me wrong and will not fight the market if we decide to pullback hard bullish early in the week
Short
by ShrewdCatfx
2
QQQ Weekly Candle Trend Line BreakSo, this is a weekly candlestick chart of the QQQ. Pretty basic really. What is interesting is, there's multiple broken lines of support. We have the base breakout from the covid trough. A clearly defined trendline was established and tested multiple times along the way but was never broken on the weekly close. That trendline was broken this week. The peak from the former high at $381.57 created a minor level of support after a period of resistance. That line was also broken on the close. Lastly, a long established support line on RSI was also broken on the close. Another close below this minor support level would suggest a further decline of 5% or so. Reclaiming this level without getting above the trendline would suggest a period of consolidation. What's your take? Further downside ahead, likely consolidation, or a bounce higher and a reclaim of the trendline?
NASDAQ:QQQ
by Breakout_Charts
3
GBP/JPY for a sell! Considering the recent move from the buyer, retracing from the strong sellers push from the Daily chart, we can see a comeback from the sellers in this area. As seen on the chart the buyer is slowing down near the sellers area of importance. Recently there was a strong reaction from the seller and now a push up can be seen. The push up is slow, but it has not concluded, yet. Based on this analysis, it can be said, that there is a higher % chance there will be a movement down. There are GBP news coming out tomorrow (19/11/2021), as well as JPY Core CPI. They might affect price in some way, so management needs to be done around the times of the news comming out. Overall, the setup looks good, but timing is the bigger problem, because of the news and the desire on part of investors in backing up the Yen. I have entered this trade with comfortable lot size for me. Disclaimer: This is trade setup based on my own analysis and knowledge of the markets. Use this information at your own risk, this is not a financial advice!
Short
by DelyanIvanov
MARKET ALPHA - HOW TO FIND TRENDLINESIt's extremely important to look at price action where you are looking to place your trendline. What I like to first start off is with looking at the areas where we have seen either gap up or gap downs. Starting at the most significant relative area to my analysis, I will continue that line, scoping out other gap areas if within reason. Some are very obvious. This one was one of the easier ones to spot. I would recommend going over this chart and looking to see what it was buyers AND sellers were thinking at that moment. Would a skeptic seller have to become a buyer? Could buyers be running out of cash or is there enough liquidity to keep the stock down? This is where technical analysis comes in. It helps you understand the more important levels easier and faster. I hope this helps. Enjoy! NYSE:AMC
NYSE:AMCEducation
by jakelikesstocks
1
USDCHDF Daily S/R| Price Action| Trend| Trade Evening Traders, Today’s analysis – USDCHF- trading at a key support that is likely to be respected, Points to consider, - Price Action Corrective - Local S/R Support - Swing High Objective - Daily S/R Resistance USDCHF’s immediate price action is sitting on a local support, allowing for a bullish bias. The swing high is the current objective, exceeding this level will increase the probability of testing the daily s/r . Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “There is a huge difference between a good trade and good trading.” – Steve Burns
Long
by AzizKhanZamani
USDCAD Local S/R| Price Action| .618 Fibonacci| Volume Evening Traders, Today’s analysis – USDCAD – trading under local s/r that has technical confluence, Points to consider, - Price Action corrective - Local S/R Resistance (.618 Fibonacci Confluence) - 200 MA Resistance - RSI Bullish Control Zone USDCAD’s immediate price action is trading under resistance that has technical confluence allowing for a short bias. The .618 Fibonacci is in confluence with the 200 MA S/R, rejecting here is a greater probability. The current RSI is trading in its bullish control zone, maintaining these levels are indicative of strength. Overall, in my opinion, USDCAD is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “There is a huge difference between a good trade and good trading.” – Steve Burns
Short
by AzizKhanZamani
1
CADJPY Dynamic S/R| Swing High| Price Action| Trend Evening Traders, Today’s analysis – CADJPY – trading with a bullish market structure, further upside probable, Points to consider, - Price Action Impulsive - Dynamic S/R Support - Swing High Objective - Low Volume CADJPY’s immediate price action is impulsive, trading above its dynamic s/r with further upside being imminent. The swing high is the current objective, exceeding this level increases the probability of a trend continuation. The current volume profile is below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, CADJPY is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, ‘’No one strategy is correct all the time’’.- John Paulson
Long
by AzizKhanZamani