Shortposition
EOS/USDT head and shoulderBINANCE:EOSUSDT
According to the pattern of head and shoulders that we see in the chart
To complete this pattern, the price must fall
If we want to move forward according to the pattern process, we have to wait
Stay until the neckline of this pattern is broken down
And then we can enter
EURO vs USD Head and Shoulders Setups Short setup depending on your appetite for risk you can
either set alerts and wait for the break of the neckline with
a back test and a candle close outside of the neckline before going then short.
A stop placed at the previous swing high.
Alternatively look for shorts at the resistance at the top of the right shoulder.
Again depends on your appetite for risk
We have a measured move taken from the peak of the Head to the Neckline
which aligns with volume profile with additional confluence
at the .618 fib pull and the .25 fib fan .
Set alerts and wait for the trade to come to you always know your invalidation
Gold Futures Short Swing Trade GC1!Gold sitting at the top of the Descending Channel
presents a great short opportunity .
I have marked all the levels going down to the
bottom of the channel which were determined using
Fib Pull from last swing high .
Above us I have marked areas of resistance and it remains to be
seen if we see a change in market structure but until then i favour
a short setup .
Also when looking at the DXY index i think we will see a recovery in the
USD to around 91.3 which will put Gold back under pressure and thus keep gold
inside of the descending channel .
1790 will be a tough level to break down IMO as the 100EMA and 200EMA sit here this would also make a good TP1
This setup has a simple invalidation as detailed in the chart but of course set your own levels
pertaining to the percentage risk you are happy to use .
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EURUSD! more momentum to the upside and forecastinghi Traders,
Trade was entered after a small drop from the double top. As coming to the end of last week, the price is just hovering trying to form a bearish flag formation. which will move to the downside touching the bottom of the smaller structure which will potentially form a bigger bullish flag formation (See yellow drawing).
i foresee for next week, it will move up to the top of the structure one more time before pushing to the low.
Are we headed back to $396 on SPY... Looks like it to me !I was able to catch the downside play a couple weeks back and entered mid June puts on Spy based on this chart. I began to notice that each time we broke above the top trend line we ended up pulling back to the 50 ema. Each time there was a recovery to the 20 ema but could not close a candle above the 10 ema and then quickly pulled back to or below the 100 ema. My current target is $396 by early June. Let me know what you think . Thanks !!
#USDCHF bearish movement may continues For #USDCHF again we had a failed setup. At the moment I don’t open any position unless I see a correction to flag point. At that point, I will open short position to mentioned TPs.
#usdchf #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#AUDUSD toward our targetFor #AUDUSD the market will move down @least for 8 days. Our targets are 0.75601 & 0.74273.
If you are in sell position, keep your SL at 0.78234. now it is good time for a sell position.
Let’s see ENF will give us what we want or not.
#audusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#EURUSD is moving as we expect For #EURUSD as I have mentioned in my daily view, the market should goes down for completing sub-wave B. This bearish movement would continue @least for one week. If you are in sell position, keep your SL at 1.21512. Our first target would be 1.1923.
Let’s see ENF will give us what we want or not.
#eurusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
BNB/USDT neutralBNBUSDT
The price channel you see is above the midline price
That we have to wait for the price to break from the ceiling and raise the public
Complete the canal roof and then enter but if the price could not
Have an upward advance after defeating the midline upwards
The bottom is suitable for a selling position
#EURUSD is going to go downFor #EURUSD you must be in sell position if you have entered by breaking ENTRY LEVEL WITH MORE RISK. It is possible that the pair will have a bullish trend for 10 to 12 hours. Please note that I have shown another ENTRY LEVEL WITH MORE RISK.
SL is at 1.21512. Our first target would be 1.1923.
#eurusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#GBPUSD a good sell positionFor #GBPUSD my daily view is that it is in wave C. Our first target would be at 1.36423 but it could drop till 1.35026. The bearish movement will continue @least for one week.
If you are in sell position keep your SL at 1.40136.
#gbpusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#EURUSD is going to go downFor #EURUSD my daily view is that we are in a sub-wave B. This bearish movement would continue @least for 14 days. If you are in sell position, keep your SL at 1.21512. Our first target would be 1.1923 and it can go down till 1.18027.
#eurusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
#NZDUSD look for a bearish movementFor #NZDUSD my daily view is same as #AUDUSD and the wave B has been completed (it is approved by pattern, time and price) and the bearish move has been started. We will have this movement @least for 10 days in order to complete wave C. The most probable target is 0.678. But keep in mind that 0.697 is also a very strong support.
So, if you are in sell position, keep your SL at 0.72897. There may be other entry point, which I will update, if I have enough time.
#nzdusd #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave