GOING SHORT IN AUDUSDI am taking a short position in AUDUSD because it is forming a BAT Harmonic Pattern. I have put my SL slightly tight because we don't have any confirmation about complete PATTERN unless it breaks Point B so we can take a risk to open a SHORT trade
On Daily TF it is in a bullish trend and it does not break its previous High and it forms a double TOP Pattern
Let's see what happens
Shortposition
EURJPY TRADE! +9.76%Hello traders around the world!
My name is Alexandre Karim.
I want to talk about the trade that I took on EURJPY + How I planned for it.
First of all, if we go back to the Monthly or Weekly chart, we can clearly see that the price reached a mass psychological area around 147.900 / 149.000.
A big ascending channel is formed since 2009 & the price is moving up correctively since March 2020; Which means that the gravity is to the downside.
I was planning to take a short position on that pair.
On November 22 (One day before taking my short position), I noticed an ascending channel with a clear upper TL + multiple touches. I was waiting for the 4th touch on the upper TL and wait for a reversal pattern in this area.
On November 23, the price reached the upper TL & I took a short position on the 15 mins as a consolidation (Mini ascending channel) Moved to BE when the price reached the lower TL @ around 145.077.
Closed my trade at 143.954 (Locked above 1H correction) & out from this trade with 9.76% profit.
EURGBP Head and shoulders ShortWhat we can see in the chart is a head and shoulders pattern. Once the price breaks down the neck line than the pattern can be considered validated.
Take profit when the price reaches the target. The targets are shown on the chart. Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
LTCUSD - Short - Small drop comingOn the chart we can see the price is currently overbought. As we can see all the three indicators are suggesting the overbought condition. So this can be a short-term oppurtunity to get some profit if this plays out.
The indicators used are Bollinger Bands, RSI, Stochastic.
See all the details on the chart.
Goodluck!
AirBnB in short positionWhat we can see in the chart is a double top formation.
The price broke already below the neckline, however the target has not been reached yet.
The price bounced back up and is getting rejected from the previous support.
Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
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THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hey Eve, I am back for another post to our tradingview.com profile.
EVE: What's the forecast this time?
CRYPTIK: A short play of 13% on the 3HR.
EVE: When do you think this will happen?
CRYPTIK: This is the NOV 4TH $0.3336 down.
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USDCHF TRADE.Hello traders around the world.
My name is Alexandre Karim.
Let me explain for you how I planned to take a short position on USDCHF.
First of all, on the higher time frame (Weekly chart), we can see that the price reached a key area at 1.01436.
This area is great for short positions + the gravity is to the downside because the price created an ascending channel since Jan 2021.
On the lower time frame (4H), we can see that there's another ascending channel with a corrective behavior heading towards 1.01436 area.
The price later on reached the lower TL of the 4H ascending channel and created a bearish flag as a re-test signaling more downside especially when the price broke the 4H TL (Ascending channel).
After that , the price went up correctively reaching the previous bearish flag (Around 1.00315) I was waiting for the price to touch the upper TL of the ascending channel + the rejection line (Intersection).
I personally took this trade as a sell limit entry .
The pattern that I was waiting for is a double top (@ 1.00315) then breakout of the ascending channel (0.98659 till 1.00309). The breakout was at 0.99934 & thats when I moved my SL to BE.
PS: Always risking 1% of the account per trade.
WHAT MIGHT BE THE NEXT SCENARIO?
I will personally be waiting for a continuation pattern on the 1H chart as a bearish flag to take a double position.
Also, I will be trailing this pair and locking above 1H corrections to secure %
Risk management is crucial.
Patience is key.
#THEPRIMES
LTCUSDT - Short Position - OverboughtLTCUSDT is currently in an oversold condition. It´s likely for the price to go down.
The bollinger bands, RSI and stochastic they tell us the price will go down soon. The price is approaching a previous resistance. So wait for the price to retest this resistance if it does the resistance line becomes your entry point.
Further details are shown on the chart.
Goodluck!
Another +200% Short Position on RVNOur last RVN/USDT Signal (in our VIP Channel) Works Great!
We Gained +200% Profit in a Single Position Under 1-Month with only 5x Lev. (the Binance Position Share Result is Attached to Analyze)
After about a 50% price Drop, there is now a Mini-Correction Wave, It's possible to Reach 0.5% ~ 0.618% Fibonacci Levels (0.32$ ~ 0.34$) as shown on the chart.
This Fibonacci Level is a Stable area for Both New Traders and Old Trader who wants to Add More to Their Short Position.
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Keep Calm & Surf the Wave
CADJPY PLAN!Hello traders around the world!
Lets talk about CADJPY.
First of all, on the higher time frame (Weekly) we can clearly see that the price reached a mass psychology at 106.580.
Currently, the price is ranging between 106.000 & 110.000.
This is clearly an area for short positions. (First confirmation)
On the daily chart, we have an ascending channel signaling a downside gravity (Second confirmation).
Where are the areas to take short positions?
The areas for shorts on CADJPY are: (Third confirmation)
1) The high of the middle section @ 110.528 forming a double top &/OR 1H reversal pattern as a combination.
2) The high key area (on the upper TL) @ 112.200
We must be waiting for reversals in these two areas and execute properly without having the fear of missing out.
Patience is key.
#THEPRIMES
Another Short Position | Another +200% on NEAROur Last Short Position Closed with over 300% Gain on 10X Lev. , And Now we didn't see any sign of an upward activity so another short position with high risk is available.
R/R : 5.5
Max Gain 25% (10x LEV. =250%)
HOW TO SETUP?
We can have a short position on 3.7-3.6 so the avg. will be 3.65 $ and we will set our Stop-Loss over the previous high (so we don't expect any Higher High in this scenario).
Please don't get in FOMO and also don't panic to avoid losing money in case of any mistakes. your target should be on 1.0 or 1.23 of Extended Fibo so watch for price movements.
The 1st resistance is 3.4 so if the price breaks it we can expect a lower low of 2.85 to 3$. You can Trail your Stop-Loss with Crypto-Bot. Trade or any other Trader Assist Tools to get the Maximum Gain out of this Position.
Good Luck
USDJPY PLANHello traders around the world !
Lets talk about USDJPY.
First of all, if we look on the weekly chart, the price is reaching a strong mass psychology since 1998.
As you can see, the price might give us two scenarios:
The first scenario is on the probability area heading towards a trend line + double top & waiting for the third touch there. Once the price reach this area, I will be focusing on taking a reversal pattern (1H or 15 min Chart) to short.
The second scenario is the best. WHY?
Because the upper trend line creates an intersection with the rejection line (Mass psychology) which shows us a better confirmation for a short position in this area if the price gave us a clear reversal pattern there.
Patience is key.
Have a great week traders!
#THEPRIMES
GBPJPY SHORT TRADE IDEA!!!We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.