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Shortidea

GBP/USD: What to expect the coming weekHi traders, Here's a comprehensive analysis of the GBPUSD pair, which could be worth watching this week. I'll keep the description short and in bullet points: 1) NEWS NARRATIVE The pound came under selling pressure the previous week after the UK announced there's not much progress in trade talks with the EU. Time is passing by, and trade talks will likely continue to be a headwind for the GBP. 2) FLOWS Market positioning remained quite bearish on the pound. Open interest rose by 2073, and all trader categories are bearish except for leveraged money. Commercials and dealers increased their short bets significantly. According to our CommaFX ranking system, positioning in the US dollar is the most bullish among major currencies. Positioning in the USD index also remained quite bullish. 3) ECONOMIC SURPRISES GBP: 6 out of 10 USD: 4 out of 10 Economic surprises proved to be relatively more supportive of the GBP than the USD. However, the difference is small and labor market statistics were above forecasts in the US. 4) CORRELATIONS The gap between GBP/USD and 2y yield differentials is narrowing, but still bearish. The same applies to Brent crude. Overall, the correlation picture looks bearish for the pair. 5) TECHNICALS The GBPUSD pair triggered a massive head and shoulders pattern on the daily chart (upper left), after previously respecting the 61.8% Fib level. The price fell below a major support level on Friday, signaling further weakness. The pair opened with a gap to the downside, providing a selling opportunity in case of a pullback to the 1.2150 resistance. Like our analysis? Hit the "LIKE" button and let's start a discussion on the trade idea in the comment section below. Thanks!
Short
by MujkanovicFX
BA Short IdeaAlthough I believe that Boeing is one of the stronger performing companies historically in the grand scheme of things, and though I also believe that they will be releasing some cutting edge technology in the next decade, I'm skeptical of the current value due to so much of the 737 drama over the last year. Boeing has been selling less and less planes and what would have been plane orders for Boeing over the last 12mo are now instead being filled by the European competitor Airbus. 737 Max models continue to fill employee parking lots and are parked around the world until the company can resolve fears of mechanical and technical issues with the aircraft. I think more pain is about to come for Boeing shareholders and I'm entertaining the idea of an entry to go long into 2030 and beyond, but at a lower price. Thoughts? Trade your own plan, this is just an idea.
NYSE:BAShort
by Acitsilos
4
WFC Short IdeaWells Fargo has earned itself quite the rap sheet over the last 4yrs, and this is only the stuff that they've been caught with. - finance.yahoo.com Q3 & Q4 2019 Earnings both missed expectations, and a lower guidance for 2020 has been provided. If they can maintain expectations at or above their lowered 2020 forward looking guidance, maybe this uncompleted H&S will result in their favor. However, I am not confident that they are not losing customers every day currently and that it won't be reflected in share price within the upcoming quarters. It already is looking like the suspected H&S pattern will complete with a swift down move to follow, only time will tell though. Keeping an eye on this one for prospects of opening a short after further confirmation.
NYSE:WFCShort
by Acitsilos
Activision - New lows ahead?With equities being enormously stretched to the upside in recent months, it is wise idea start preparing for some short exposure. One idea, I am looking at is NASDAQ:ATVI $ATVI After halving in later 2018, during 2019 it is building what looks like a major bear flag. Wave structure, with price near 0.618 level, also suggest that the top might be near and reversal may start relatively soon (probably though we will get gap fill at first). For entry some support trendlines also need to break first, and I will be watching for this development. P.S. NASDAQ:EA chart is somewhat similiar $EA
NASDAQ:ATVIShort
by Silvestrov
1
SPY - 4Day View Confirms Bearish Weekly Continuation IncomingSPY 4Day view is beneficial since this acts like "half a week". I find this allows to see weekly trends before they occur. Price trend on 4Day has broken white uptrend channel. Last several times there is no retracement back up after breaking the channel. The pink channel support line is the same level as the 200SMA(red line). This occurs on Daily thru Weekly views. For this reason, I think we retest the pink support line around SPY $300 and hit the 200SMA. When we hit the pink line/200SMA, we will watch other indicators for continuation of breakdown or reversal. In 4Days or less we should be able to see the continuation on the Weekly chart - confirming bearish downtrend continues. Looking at last reversal, the pink channel acts as the "first stop" - correction. Going further down into the main blue wedge, hitting the support is the reversal point back up. Looking forward, we see the main blue SPY ascending wedge is coming to an end during Q4 2020. Same time blue wedge ends - presidential election. Coincidence? I think SPY walks the plank Q4 2020 or earlier. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
AMEX:SPYShort
by MoneyPatterns
7
US30 SHORT IDEAIt is hard to predict a short position when you have no more access to higher levels of structure since the Dow is creating new historical levels of resistance. It's only right to make predictions of this pair using its ascending channel that seems to be respected throughout this process rising higher and higher. My best bet is to see what price does at the resistance of the channel and to look for a loss in bullish momentum and a clear indication that sellers are welcoming themselves into the market.
OANDA:US30USDShort
by RiosTrades
Balfour Beatty - Share price about to crumble?Sell Balfour Beatty (BBY.L) Balfour Beatty plc is an infrastructure company that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The Company operates through three segments: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation. Market Cap: £1.57Billion Balfour Beatty is trading in a long-term downtrend on the chart and is currently at the upper end of a bearish triangle pattern. The price action has been slightly bullish in recent weeks as the shares gapped higher in August on results. Crest Nicholson today posted a profit warning and expect profits to dip over the next 2 years. That could be a warning shot to all construction companies in the UK. We would prefer to reduce exposure to anything construction related at present and look at speculative short positions. Stop: 242p Target 1: 202.4p Target 2: 184.6p Target 3: 168.2p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BBYShort
by Investamate
AUDUSD Daily 10/22/19AUDUSD Short Idea Overall price action on higher time-frames has been bearish and we are looking to short upon proper confirmation at the current level Current price action is at the daily 50% fib level as well as a major daily resistance around 0.688 Ideally rejection from this level in the form of strong bearish signals would be enough confirmation to short Also this looks to be forming a daily double top pattern which would suggest the bears are still in control We will look to target toward the -27.2% daily fib around 0.656 followed by a second target near our weekly support and -61.8% fib around 0.64250
Short
by ForexLeague
1