GBP/CAD Short SetupI'll be looking to see if price pushes up further. I will sell if price reaches my first level but I do think that it may reach the second one or close to it. This may take a week to set up if this were to happen. FX:GBPCAD
Shortopportunity
EUR/CAD Short setupHere is a potential short setting up. I think it will be a while until price gets there if it choses to push up. It looks very similar to GBP/JPY but a few days ahead. I'll break down the similarities in the future. There were levels that were hit and price barely missed this last level before turning down. This level is still in play and I will be paying close attention in the coming days. FX:EURCAD
GBP/JPY Second Sell EntryIf you made money from the other entries I'm very happy for you. If you missed it or want to add on, I believe this setup to be an opportunity. I think this can still go down further but equally think there is still upside later down the road. For now it's looking to go down further and if it does, my 2nd entry zone seems to be the less riskiest and where I see price likely to turn. FX:GBPJPY
EUR/AUD UPDATEThe game plan is still the same. The only difference is that a level was recently added. 1.65556. If this level is reached, I believe that there is a good chance that price will reverse from there or not go too far if it price goes above. It may not get there at all and that's fine. I'm still selling at the bottom two levels if price gets to those. FX:EURAUD
EUR/AUD Possible Peak HighIt's looking like a selling opportunity at my levels above. I doubt its a peak that will hold for weeks but there's definitely some potential for downward movement afterwards. Calling tops and bottoms can be dangerous but if there is a time to do it, I believe that we are getting closer to that time. I believe that there are poor blokes underneath us who've been buying at what they they thought was the end and they are getting hit pretty badly now. Let's look for a push up possibly a squeeze and a yank back down. It's looking likely to come back down and will likely be revisited later to take us sellers out who got it right the first time. I'm confident in this setup because so far all of my methods are confirming a push down. If I'm wrong, this is where I want to be wrong at. It looks like a high probability set up based on how I'm analyzing it. If it looks too scary to get in as it pushes up, its understandable. It's much more dangerous for buyers in the coming days than sellers. The market can sell off at the time of this posting and that's okay. I'm only getting in at my levels and above. My setup is my booth and I wait for prices to come to me. FX:EURAUD
USD/CHF Possible PeakWe are are pushing up into new yearly highs. Price has nibbled through a few times from what it looks like from the three push pattern. It was good for a 150 pip drop. Sellers who took their profits are good. What about the sellers who anticipated a further drop and held on? They are in serious heat right now and trailing/break even stops have been hit. Now we have another pattern presenting a selloff even though we are witnessing previous sellers taking heat. These sellers will get let out. But not soon. Damage have to be done first. It could take days or weeks. Very rarely we screw up that bad to be right back into profit the next day or two. Also we still have sellers from end of day pop ups who haven't taken much heat. They guys will be targeted in the coming days. Then breakout buyers will be rewarded and taken sideways again. FX:USDCHF
USD/CAD Looking for Peak high.We have a trend that proceeded a long period of accumulation. I think that this trend will be short lived. Maybe one more level of pop up near or above my levels. At some point in time in the near future, I'm looking for a great portion of the trend which took a long to time get up, to be taken out in a very short period of time. Maybe a single session or full day can undo most of the trend. FX:USDCAD
DOW - Short OpportunityA double top pattern was formed and the stock crashed and now price has retraced back to the resistance level, giving us another opportunity to ride the waves down. Near-term short signal has also appeared. Price failed to break above 200 MA, showing bearish sentiments.
Entry: 49.77
Stop Loss: 53.6
Take-Profit Target: 43.95
PERFECT BTC SHORT OPP NOW AVAILABLE FOR A LIMITED TIMEWe are at the bullseye. If you short from here with a tight stop you have a great opp for profits! My stop is above 40k. See related idea for analysis.
Break of Major Bullish Trend Line. Prepare For Sell Opportunity.The bullish trend that started over a year ago has been broken by a bearish engulfing candle on the weekly chart. I would look for price to pull back to somewhere between the 38.2 and 50.0 fibonacci retracement levels before starting another push down. As always, wait for confirmation candles within the zone before selling.
Bitcoin Could Hit 40k SoonWhen looking at how far a security could dip I generally like to look at key fib areas, particularly that .5 level. In this case, we see that Bitcoin has reacted well to this level in the past. We have completed the long-term impulsive wave and growth has slowed down in the recent extended wave. We have now created a lower low, which means the uptrend could be over for the time being. We also made a doji candle yesterday, which could mean that this strong week we had could simply be part of the bigger correction wave. Of course, it is possible that the bulls will not allow this to fall as far as 40k, but this is my personal opinion. Good Luck!
Potential Head and Shoulders on AUD/USDHere on the daily chart of the Aussie, we're noticing a potential head and shoulders forming. If we begin to form the right shoulder, I may begin shorting any bounces on the smaller time frames as we approach the neckline. A break of the neckline will confirm the head and shoulders in which case I will wait for a bounce back into the neckline. If we reject, that will be my neck entry.
Week 08: ZSH2021 Wait for a break to SellPatience is one of the key traits in trading.
Last week we did not see much action, the price is ranging in a tight movement 20.4 points for a whole week.
This week we are still waiting for a confirmation to short the market:
(1) Price level at $1,390 is being respected and currently creating a "fake out" line.
(2) My reversal zone remains at $1,400 (for now)
(3) The sign of going down will be confirmed when $1,370 is broken.
Overall, my view remain bearish with the following trade plan:
Sell Pending Order at $1,400
Stop Loss at $1,410
Take Profit at $1,322
RRR = 7.8R
I will monitor on daily basis too, shoot me a question if you need any clarifications or exchange ideas.
A Nice Short Opportunity Forming for EURGBP (Daily Timeframe)Hi all,
Hope everyone is okay, been quiet for a while as been busy backtesting and not taking any live market trades. Been using my top-down analysis, and have seen a possible short for EURGBP. As you can see, regained strength after a sharp downfall, however it has a high possibility that it could break the trend it has made, and make a further fall to the downside. I will be waiting for price to break through this trend, and see how it acts before entering on a trade, but is something that is on my watchlist.
Let me know your guys thoughts.
*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
Cheers Dan
GBPAUD SHORT - DAILY ANALYSISShort & Simple mark-up for GBPAUD. Hoping to see this fall bearish to at least 1.85000. My initial target is set to 1.80000 and second target reaching 1.76000 overall on the monthly perspective. However, things may change drastically due to fundamentals and some restrictions of COVID being lifted in the UK. If this goes bullish, I’m hoping for this to be after the 1.86-1.85000 level. So will be watching carefully when this region is reached. Overall, looking for a bearish drop after the support level is reached.
LINDE IDEA Weekly shooting star + correction wave elliot - LINkey points to have in mind:
1- Weekly bearish shooting star candle
2 - H3 time frame have completed 3black crows pattern
3- H3 indicating MACD crossover
4- 5 wave of elliot competed time for correction bringing taking the price to potentially break the flag and drop for ABC elliot correction
SOMETHING IS VERY WRONG with Middle East The GULF ETF is breaking down of a long term up trend line.
The MACD and OBV are supportive of this breakdown with cross downs.
Something is happening in the ME... and while Crude is rallying like no tomorrow, I see something bad brewing! It’s almost like a warning of sorts... heads up!!!
Reference ETF Info here
Double top on gbpusd
Likely a good opportunity for a swing trade.
Indicators
Koncorde and Cipher clearly show bearish divergences.
LONG TERM SHORT OPPORTUNITY - USDCHFThis pair has completed its upward trend with a culmination of its rising wedge as shown below. The formation is complete and therefore the pair is expected to tumble. Also in evident is the double tops formed along the trend line which the pair has respected and shown no interest in breaching the trend. Check out the set up and let us know on the comments below to what level do you think it will drop to...
EURGBP SHORT CONTINUATION 38% Retracement at our respected descending trendline for a short continuation
